Settlements and payments in international business
Course: International business (compulsory study of two foreign languages)
Structural unit: Educational and scientific institute of international relations
Title
Settlements and payments in international business
Code
ОК.28
Module type
Обов’язкова дисципліна для ОП
Educational cycle
First
Year of study when the component is delivered
2021/2022
Semester/trimester when the component is delivered
3 Semester
Number of ECTS credits allocated
3
Learning outcomes
To study economic phenomena and processes in the international sphere on the basis of understanding of categories, laws; highlighting and summarizing trends, patterns of functioning and development of the world economy, taking into account causal and spatio-temporal relationships
Understand and apply theories, principles, tools and instruments of international monetary, financial and credit relations
Form of study
Prerequisites and co-requisites
The discipline "Settlements and Payments in International Business" is based on and closely interacts with such disciplines as: "International Business", "Financial Management", "Management of Foreign Economic Activity", "Banking". The course is theoretical and applied and logically related to the disciplines of the curriculum of the educational and professional program "International Business (with compulsory study of two foreign languages)"
Course content
Regulatory bases of organization of settlements in the sphere of foreign economic activity.
Methods of payment and methods of payment in international trade.
Calculation methods: bills, checks, payment orders.
Unified rules and customs of international payments and settlements
Methods of payment: documentary letter of credit
Methods of payment: documentary collection
Bank guarantee as a tool to ensure the fulfillment of obligations
Financing of foreign trade operations
Forfaiting in foreign trade operations
Factoring in foreign trade operations
Credit lines of foreign institutions under the guarantees of the Cabinet of Ministers of Ukraine
Correspondent relations with foreign banks
International payment system SWIFT
Recommended or required reading and other learning resources/tools
Planned learning activities and teaching methods
Lectures, seminars
Assessment methods and criteria
Evaluation is carried out according to the modular rating system. Assessment of students' knowledge is carried out by current control, and the final result of the student's work during the semester is evaluated on a 100-point scale.
Current control: answers and presentations (up to 40 points), written analytical individual and group tasks, case studies (up to 40 points), final modular test (up to 20 points). The credit is set based on the results of the student's work throughout the semester.
Language of instruction
Ukrainian
Lecturers
This discipline is taught by the following teachers
Chair of International Business
Educational and scientific institute of international relations
Educational and scientific institute of international relations
Departments
The following departments are involved in teaching the above discipline
Chair of International Business
Educational and scientific institute of international relations