MA018 International Trade

University College Prague – University of International Relations and Institute of Hospitality Management and Economics, Ltd.
winter 2024
Extent and Intensity
2/0/0. 3 credit(s). Type of Completion: zk (examination).
Teacher(s)
JUDr. Ing. Miroslav Okrouhlý, M.Sc. (lecturer)
Prerequisites
Due to the fact that the subject is taught in the third year of the bachelor's degree, it presupposes knowledge in the field of business, management and marketing.
Course Enrolment Limitations
The course is also offered to the students of the fields other than those the course is directly associated with.
fields of study / plans the course is directly associated with
Course objectives
The aim of the course is to provide students with basic knowledge in the field of international trade and business activities. The introductory part of the course covers the role of international trade in the process of globalization of the world economy, basic theories and statistical reporting of international trade. The course introduces students to the issues of foreign trade policy of states, international economic integration and activities of trade promotion institutions. Subsequently, the subject of instruction will be the basics of strategy and operations in foreign trade, risk management, delivery and payment conditions and price issues in international trade. In the final part of the course, students will learn about the importance of foreign trade relations for the open economy of the Czech Republic. Attention will be paid to the conditions of development of world trade, which require appropriate modern management approaches in an environment of strong international competition.
Learning outcomes
Upon completion of the course, students should be able to:
• understand the principles of conducting international trade in conditions of diversity of cultural, political, legal and economic environments;
• know the basic strategies of entering foreign markets and the process of their creation in the context of export operations, less capital-intensive and capital forms;
• gain insight into the implementation of operations in foreign trade and the preparation of a foreign trade contract, including the issues of risk management and the application of delivery, payment and price conditions.
Syllabus
  • 1. International trade and global economy
  • 2. Theories of international trade; Statistical reporting on international trade
  • 3. Foreign trade policy of states and its instruments
  • 4. International economic integration; International Trade Promotion Institutions
  • 5. Basics of strategy and operations in foreign trade (entry into foreign markets)
  • 6. Risks in international trade
  • 7. Foreign trade contract; Delivery terms (clauses) in the contract
  • 8. Payment terms in the contract; International payments; Foreign trade financing
  • 9. Pricing in international trade
  • 10.Importance of foreign trade for the economy of the Czech Republic
Literature
    required literature
  • CIVÍN, Lubomír. Teorie, politika a praxe mezinárodního obchodu (Theory, Policy and Practice of International Trade). první. Praha: Česká zemědělská univerzita v Praze, Provozně ekonomická fakulta, 2020, 177 pp. ISBN 978-80-213-3062-7. info
    recommended literature
  • SATO, Alexej. Mezinárodní obchodní operace (International Trade Operations). Praha: Oeconomica - Vysoká škola ekonomická, 2021, 186 pp. ISBN 978-80-245-2416-0. info
  • ŠTĚRBOVÁ, Ludmila. Mezinárodní obchod ve světové krizi 21. století (International Trade in the 21st Century Crisis). Praha: Grada Publishing, 2013, 368 pp. ISBN 978-80-247-4694-4. info
  • DANIELS, John.D and Lee H. RADEBAUGH. International Business. 16th Edition. USA, United Kingdom: Pearson Education Limited, 2017, 688 pp. ISBN 978-1-292-40327-4. info
Teaching methods (in Czech)
Obsah předmětu: Prezenční studium/Kombinované studium (hodin)
Přednášky - 20/12;
Semináře - 0/0;
Samostatná příprava - 58/66;
Celkem - 78/78
Assessment methods (in Czech)
Požadavky na zakončení:
Prezenční studium/Kombinované studium (váha v %)
Písemný test 100/100
Celkem 100/100


Language of instruction
Czech
Further comments (probably available only in Czech)
The course can also be completed outside the examination period.
Note related to how often the course is taught: KS: 4|4|4, celkem 12.
Information on the extent and intensity of the course: 4/4/4.
The course is also listed under the following terms winter 2012, Summer 2013, winter 2013, Summer 2014, winter 2014, summer 2015, winter 2015, summer 2016, summer 2017, summer 2018, winter 2019, winter 2020, summer 2021, winter 2021, summer 2022, winter 2022, summer 2023, winter 2023, summer 2024.
  • Enrolment Statistics (recent)
  • Permalink: https://is.ucp.cz/course/ucp/winter2024/MA018