International Trade And Logistics
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This subject is available under ICMS postgraduate degrees, please click the button below to find a postgraduate course for you.
Subject Code:
ECO803 / ECO803A (MBA)
Subject Aim:
Globalisation, underpinned by technological advancement, increasing transport system efficiencies, growth of multinational corporations and the liberalisation of trade and capital markets, contributed to the tremendous growth of international trade over recent decades. Due to rising tariffs, protectionism and trade wars, international traders have been prompted to look for better trade deals supported by more sophisticated and efficient logistics processes. To be successful in globally focused marketplace, managers must possess a highly developed knowledge of the rationale and basis of international trade and how these inform strategy and mitigate risk for firms that operate across international jurisdictions.
The aim of this subject is to provide students with an advanced knowledge of the theories, concepts and practice of international trade and logistics. The subject focuses on both the theoretical underpinnings and empirical contributions that inform analysis of contemporary issues such as gains from trade, comparative advantage, various forms of trade restrictions and trading blocks. It will examine the distinct set of risks faced by international trade corporations. By combining a focus on theoretical concepts and advanced professional proficiencies, this subject will provide students with insights into how global managers can best utilise complex information to improve strategy and gain competitive advantage.
Learning Outcomes:
a) Apply an advanced knowledge of the underlying tenets and implications of economic globalisation, international trade and logistics.
b) Critically evaluate international trade models using key economics concepts.
c) Critique the rationale and politics of international trade and the implications for relevant stakeholders.
d) Analyse various sustainable practices in international trade, logistics, supply chain management and operations.
e) Critically evaluate and develop solutions to mitigate the risks faced by international trade corporations.
Student Assessment:
| No | Type | Weighting | Learning Outcomes |
| 1 | Mid-term Test | 20% | a, b |
| 2 | Export Plan (G) | 40% | a, c, d, e |
| 3 | International Trade Report | 40% | a, b, c, d, e |