Foreign Trade Business

The goal of studying this subject is for students to master the basics of foreign trade and to learn how to carry out foreign trade operations and to understand the importance of certain elements of the foreign trade business. Students become familiar with the types and modes of organization of certain foreign trade operations. The knowledge gained in this subject is complemented by the knowledge acquired in other similar subjects in the department of International Economics.

Upon successful completion of this subject the student will be able to: − describe the concept of foreign trade and procedures of conducting foreign trade operations, − state and explain the types of foreign trade policies and their instruments, − classify regular, temporary and complex foreign trade operations and their forms, − indicate the actions, documents and participants in foreign trade business, − anticipate the risks and opportunities of financing imports and exports, − identify opportunities for the realization of import and export, − summarize the effects of foreign trade activity.

The concept and development of foreign trade; foreign trade policy and instruments; conducting foreign trade operations; participants in foreign trade; bargaining in foreign trade transactions; risks of foreign trade; financing of foreign trade activity; analysis of foreign trade; performance of exports and imports; temporary foreign trade activities; complex foreign trade activities; foreign trade of Bosnia and Herzegovina.

Lectures, exercises, seminar classes which include the preparation and presentation of papers, group presentations and discussions on the given topic.

Continuous evaluation of knowledge through testing, presentations of seminar papers and oral exam. Colloquium I (0-20 points); Colloquium II (0-20 points); Final exam (0-50 points); Attendance (2point); Class activities (seminar papers, discussions, case studies) (0-8 points)

Kozomara, J. (2005). Foreign trade operations. Belgrade: Institute of Economic Diplomacy; Marrewijk, C. (2002). International Trade and the World Economy, Oxford: Oxford University Press: