Fundamentals of International Trade
Course Purpose This online course will enable learners to demonstrate an understanding of the fundamentals of international trade and execute international purchases. This understanding will allow learners to gain a more comprehensive insight into the challenges faced by businesses and …
Overview
Course Purpose
This online course will enable learners to demonstrate an understanding of the fundamentals of international trade and execute international purchases. This understanding will allow learners to gain a more comprehensive insight into the challenges faced by businesses and governments when engaging in cross-border trade. A learner credited with this online course will be able to analyze the fundamentals of international trade, assess the role of trade policy in facilitating or inhibiting international trade, analyze and apply the international purchasing process, and analyze and apply the fundamentals of counter trade.
What you’ll learn
Examining the basics of international trade, evaluating the impact of trade policy on facilitating or hindering global trade, understanding and applying the international purchasing process, and analysing and applying the fundamentals of counter trade are essential components in navigating international business transactions.
Duration: 1 Day
Featured Course
Understanding the supply chain environment
Course Content
Curriculum
Curriculum
- 4 Sections
- 18 Lessons
- 3 Days
- Unit 1: Analyse the fundamentals of international tradeASSESSMENT CRITERIA5
- 0.0The concept of international trade is analysed to reflect its importance, purpose and implications for a country.
- 0.1The current and past direction of international capital flows are identified and evaluated to determine trends.
- 0.2International trade is evaluated to reflect the fundamental principles underlying foreign exchange markets and exchange rates.
- 0.3The basics of balance of payments accounting are assessed to reflect the process of classification and the functioning of balance of payments.
- 0.4The South African current international trade situation is analysed to reflect how it impacts on economic growth and the challenges facing SA in terms of international trade.
- Unit 2: Assess the role of trade policy in facilitating or inhibiting international tradeASSESSMENT CRITERIA4
- 0.0The role of trade policy is assessed indicating how current South African trade policy is impacting on current and future international trade.
- 0.1The role of trade policy is assessed indicating how it impacts on economic growth.
- 0.2Fundamental concepts of trade policy are evaluated to determine their influences on and implications for international trade.
- 0.3The application of volume restrictions on trade is evaluated to determine its impact on economic growth.
- Unit 3: Analyse and apply the international trade processASSESSMENT CRITERIA5
- 0.0A flow diagram of the international purchasing process is produced to reflect its elements.
- 0.1The key role players are identified to determine their roles in the international trade process.
- 0.2The documentation relevant to the different role players are utilised in accordance with their purpose.
- 0.3The international trade process is applied whilst dealing with the legal implications for the organisation, supply market and country.
- 0.4Recommendations are made of suitable precautionary measures to limit risks
- Unit 4: Analyse and apply the fundamentals of counter tradeASSESSMENT CRITERIA4
- 0.0The concepts and aims of counter/reciprocal/barter trade are analysed to determine their advantages and disadvantages.
- 0.1Counter trade transactions are executed to exchange goods, services, or ideas for money.
- 0.2The impact of forward cover on pricing is examined to determine the impact on consumption, investment and growth.
- 0.3Forward cover is applied in accordance with specific purposes and principles.
Requirements
- Grade 5
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Course Features
- Lectures 18
- Quiz 0
- Duration 3 days
- Skill level All levels
- Language English
- Students 1204
- Assessments Yes