Course code Ekon5043
Credit points 3
International Settlements
Total Hours in Course81
Number of hours for lectures12
Number of hours for seminars and practical classes12
Independent study hours57
Date of course confirmation21.01.2012
Responsible UnitInstitute of Economics and Finance
Course developer
Ekonomikas un finanšu institūts
Romēna Šulca
Dr. oec.
Course abstract
Students require knowledge, skills and reflection abilities including the aspects of: spot rate, forward-exchange contract, swap, hedging, documentary credit, collection, bank guarantee, option, International Commercial Terms, Incoterms.
Learning outcomes and their assessment
After completing the course student will have:
• Knowledge on foreign exchange transactions in international trade, the use of financial instruments that reduce the exchange risk, on the payment methods: documentary collections, documentary letter of credit. The knowledge of international trade rules Incoterms 2000, and special trade financing methods.
• Skills – understand that in the market economy conditions foreign exchange transactions in international trade are essential and being able to define and use any derivative financial instruments to reduce financial risks.
• Competence – acquired theoretical knowledge, practical skills and understanding on the impact of the exchange rate on international commercial transactions and financial instruments usage in order to reduce exchange rate fluctuations. Gain an understanding of derivative contracts and future contracts: forward transactions, futures transactions.
Compulsory reading
1. Benjamin J., Cohen. International trade and finance. Cambrige: Cambridge Univ. Press, 1997. 402 p.
2. Rubanovskis A. Starptautiskā ekonomika. Mācību līdzeklis. Rīga: EKA, 2004. 146 lpp.
3. Rupeika - Apoga R. Valūtas tirgus un valūtas darījumi. Mācību līdzeklis. Rīga: Datorzinību centrs, 2003. 160 lpp.
4. Pilbeam Keith. International finance. Basingstoke: London : Macmillan Press, 1998. 448 p.
Further reading
1. Носкова Яковлевна И. Валютные и финансовые операции. Москва: Финансы; ЮНИТИ, 1998. 333 с.
2. Incoterms . Rīga: Latvijas Tirdzniecības un rūpniecības kamera, 2000.
3. Oļevskis G. Starptautiskā ekonomika. Rīga: Jāņa Rozes apg., 2000. 188 lpp.
Periodicals and other sources
1. Makroekonomisko Norišu Pārskats. ISSN 1691-5933. [Skatīts 18.02.2012.]. Pieejams: http://www.bank.lv.
2. Latvijas Maksājumu Bilance. ISSN 1691-998X. [Skatīts 18.02.2012.]. Pieejams: http://www.bank.lv.
3. Business Week [nedēļas izdevums] [tiešsaiste]. Bloomberg L.P.Businessweek ISSN 0007-7135. [Skatīts 18.02.2012.] .Pieejams: http://www.businessweek.com.