Lecture, 3.00 ECTS
In this course students become acquainted with foreign trade policy, international trade organisations, types of foreign trade and how to perform transactions in foreign trade including risk evaluation. Austria´s foreign trade as well as Austria´s foreign trade promotion organisation, ADVANTAGE AUSTRIA, which is part of the Austrian Economic Chamber (WKO), will be explained in detail. In order to provide hands on experience to the students, an excursion will be carried out to InternationalisierungsCenter Steiermark.
Students will be taught basic elements of foreign trade with macro and micro perspectives. In order to enable students to carry out their own research students will be provided information about useful websites and other sources. Special emphasis will be placed on support mechanisms for foreign trade activities provided by Austria´s Economic Chamber (WKO), on tasks of international trade organisations and on performing foreign trade transactions including risk evaluation.
Recommended or required reading and other learning resources / tools
Jahrmann, Fritz-Ulrich, Außenhandel, in der Reihe „Kompakt-Training Praktische Betriebswirtschaft (ed. Olfert)“, Verlag Kiehl, 5th edition 2016
Wagner, Helmut, Einführung in die Weltwirtschaftspolitik, Verlag de Gruyter, 7th edition 2014
Gnan, E. – Kronberger, R. (ed.), Schwerpunkt Außenwirtschaft, Facultas Verlag (published yearly since 2012)
Mode of delivery
VO, 2 SWS
Prerequisites and co-requisites
Basic knowledge in foreign trade transactions is helpful, but not required.
Assessment methods and criteria
Final examination, class interaction