Study Guide

Objective

Students:
-have an understanding of the basics of international trade and globalization.
-have an understanding of cultural aspects in international trade and the management of international organizations.
-are familiar with selected markets and market areas.
-are aware of the fundamentals of risk management in international trade.

Content

-definition and importance: what is international trade and why is it important for businesses and economies?
-international trade theories
-globalization
-cultural aspects
-markets and market areas
-cultural diversity in organizations
-risk management

Qualifications

No prerequisities

Assessment criteria, satisfactory (1)

Student has a basic understanding of what foreign trade is, the theories that explain trade, and can identify some simple examples of why trade is important.
Student can identify that globalization affects trade but has limited insight into its concrete effects.
Student has a basic understanding of how culture affects international trade and business relationships, as well as how cultural diversity affects organizations and can apply them in practical examples to a limited extent. Student has a limited understanding of different markets and their structure.
Student knows what risk management entails and can identify some risks in international trade.

Assessment criteria, good (3)

Student has an understanding of what foreign trade is, the theories that explain trade, and can identify several examples of why trade is important.
Student can identify how globalization affects trade and has insights into its concrete effects.
Student has an understanding of how culture affects international trade and business relationships, as well as how cultural diversity affects organizations and can apply them in practical examples.
Student has an understanding of different markets and their structure.
Student is well aware of what risk management entails and can identify risks in international trade.

Assessment criteria, excellent (5)

Student can clearly explain what foreign trade is, the theories that explain trade, and can analyze and discuss examples of why trade is important.
Student understands how globalization affects trade and has good insights into its concrete effects.
Student has a good understanding of how culture affects international trade and business relationships, as well as how cultural diversity affects organizations and can analyze and apply them in practical examples.
Student has a good understanding of different markets and their structure.
Student is well aware of what risk management entails and can identify and analyze risks in international trade.