Who is this course for?
This course is designed for people new to working in international trade, who wish to gain a formal qualification.
The course covers the following areas:
- Types of economy and industry
- Market structure, pricing and demand
- Law, contracts and sale of goods (INCOTERMS)
- Financial reporting & control methods
- The Foreign Exchange Market
- Credit management & accounts
- International marketing
- Market research methodologies
- Methods of international transportation
- Cargo insurance and claims procedures
- Financial risks & pricing
How does the course work?
Study Time:
You can study at a pace to suit you. Your tutor will create a timetable for you, and will set you work and assignments to complete each week.
If you can spend around 3 hours a week studying, you should be able to complete the course in 24 months. If you can spend more time studying than that, you could fast-track and complete the course faster.
Course Structure:
The course is made up of four compulsory units.
Assessments
The course is assessed by continual assessments, which are carried out by the Institute three times a year in April, August and December. Students receive assessment questions directly from the Institute and submit two 1500 word essays per module over a 6-week period.
Qualification Received:
You will receive the Institute of Export Level 4 Advanced Certificate in International Trade.
Your Course Fee Includes:
- Tuition
- Study Materials
- 12 Month Institute Membership
- VAT
Course Details - Unit Breakdown
Compulsory Units
You must complete all the compulsory units listed below.
The Business Environment
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This module has been designed to provide a broad knowledge and understanding of the conditions under which international traders must operate their business and how business is affected by changes in the
political, economic, social, and technological environment both nationally and internationally. Students will also be provided with a basic knowledge of the law relating to international trade with a focus on the law of contract, sale of goods and agency law.
Finance of International Trade
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This module provides students with an understanding of the keys to profitability in their business, and the most appropriate sources of finance to maximise such profits. Students are also required to evaluate and attempt to reduce the various risks that are common to all international trade, including exchange risk and country and buyer credit risk and to choose and operate the most appropriate methods of payment.
International Marketing
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This module introduces the basic marketing concept and the principles and practices of international marketing. Students learn to interpret the market environment, carry out appropriate research, analyse information accurately and devise appropriate marketing plans for the international environment.
International Physical Distribution
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This module addresses the merits of the different modes of transport, including factors relating to the choice of transport, provides an understanding of the different Incoterms, and recommends the appropriate term for a company's international business. Students will also learn to manage the administration of a company
