International Trade Practices and Policies

Unit code: BEO2010 | Study level: Undergraduate
Credit points
12
(Generally, 1 credit = 10 hours of classes and independent study.)
Location
City Campus
Prerequisites
N/A
Overview
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Overview

Gain a thorough grounding in foreign trade and investment policies, with International Trade Practices and Policies.

This unit will acquaint you with the procedures and documentation required to facilitate an international trade transaction. Using the industry-based computer software OzDocs, you will be introduced to both export and import transactions.


International Trade Practices and Policies will give you a broad understanding of Australia’s relationship with other nations.

Learning Outcomes

On successful completion of this unit, students will be able to:

  1. Evaluate risks in foreign exchange, international payments, and trade settlements; and formulate risk mitigation strategies;
  2. Determine and generate documents required to process export/import transactions;
  3. Integrate conceptual and practical knowledge to facilitate international trade operations; and,
  4. Adapt the working knowledge to the digitalisation of trade transactions through group collaborations and in inter-cultural settings.

Assessment

For Melbourne campuses

Assessment type: Test
|
Grade: 20%
Online test 1 - theory and applications
Assessment type: Assignment
|
Grade: 30%
Practical assessments - foreign exchange, customs and export documentation using OzDocs software (Group)
Assessment type: Test
|
Grade: 20%
Online Test 2 - theory, incoterms, calculations
Assessment type: Exercise
|
Grade: 30%
Simulation - case study facilitation of trade from exporters and importers point view (Group)

Other locations

For students studying at Central University of Finance and Economics, Henan University, Liaoning University
Assessment type: Test
|
Grade: 30%
Tests (Theory and calculations MCQ)
Assessment type: Assignment
|
Grade: 30%
Practical assessments - foreign exchange, customs and export documentation using OzDocs software (Group)
Assessment type: Examination
|
Grade: 40%
Final exam

Required reading

Selected readings are available through the library/ on VU Collaborate.

As part of a course

This unit is not compulsory for any specific course. Depending on the course you study, this unit may be taken as an elective.

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