Syllabus - Principles of Imports

Course Requirements

Course Description:

This course examines the practices and processes of importing, determining what products to import, management operations, and government controls. Skill development in the preparation and understanding of import documents such as customs invoices, packing lists, and commercial invoices. Course will focus on creating an import marketing plan and the proper steps for selecting, buying, importing, and selling a product in the U.S. market.

Course Requirements:

Read assigned chapters befor coming to class

Complete the weekly quizes

Complete the import marketing plan

Complete 3 tests

Participate in class discussion

Course Rationale

This course provides students with broad understanding of importing procedures and requirements, including marketing, government controls and programs, shipping terms, payments options duty assessment, and product valuation.

Learning objectives:

At the conclusion of the course the student should have:

Strategies for a successful import business plan;
An understanding of the various components of import operations;
A realization of the government regulations that can impact import operations;
A recognition of the various payment and shipping options for an import business;
An awareness of the appropriate aspects of NAFTA and the WTO

Readings

Textbooks:

"Importing Into the United States", A Guide For Commercial Importers

A publication of the US Dept. Customs Bureau, This book can also be read,

downloaded and or printed at:

https://www.cbp.gov/sites/default/files/documents/Importing%20into%20the%20U.S.pd

Other Course Materials:

2. Import/Export How to Take Your Business Across Borders, by Nelson, ISBN 9780071482554.

Global Edge http://globaledge.msu.edu/

The Economist http://www.economist.com/

The Financial Times http://www.ft.com/home/us

Al Jazeera News http://www.aljazeera.com/english

Course Subjects

Week 1	9/16-10/2	U.S. CBP Mission & Organization Ø *Homework Assignment 1. Assignment is due by Sunday Oct. 2, by 11:59pm*	chapter 1,	Chapt.1 & 8
Week 2.	Oct. 3-9	Entry of Goods, Informed Compliances, Invoices Assignment: Semester project assignment	chapters 2-12-	Chapter 10
Week 3	Oct. 10-16	Assessment of Duty, HTSUS Classification and Value Text: Importing into the US Review Chapters 1-12 and 14-28 Text Imp-Exp by Nelson Review Chapters 1,8 & 10 Test 1 online /due by Sunday 10/16, 11:59 pm)	Review chapters 1-12 chapters 14 – 28 29-34	Covered chapters 1,8 &10)
Week 4	Oct. 17-23	Marking Requirements, Special Requirements Import Quotas, Fraud, Foreign Trade Zones *(No homework assignment this week)*	chapters 14 – 28 29-44	Chapt.8, pages 221-233
Week 5	Oct. 24-30	Incoterms - Link is on Week 5 Shipping Document (Invoices and custms Forms) Homework Assignment 2 due by 10/30	Incoterms (Check link on Week 5)	Chapt.8, pages 221-233
Week 6	Oc. 31-Nov 6	Methods of International Payments Test 2 / due by 11/6, 11:59pm ( Review all materials covered in Week 4,5 &6) 		Ch. 5
Week 7	Nov. 7-13	Launching a Profitable transaction Import strategy and selecting products to import. Establishing sales channels, and adapting your product for the market, Planning and Negotiating to Win Homework Assignment 3 is due by Sunday 11/13 by 11:59pm Semester Project1st Assignment (4) is due by Sunday 11/13 by 11:59pm	--	Chapter 2, 3
Week 8	Nov. 14-20	How to set up your Own Import Export Company. 20 keys to Import Export Success		Chapters 2,3 Chapters 6, 16
Week 9	Nov. 21-27	Review and finalize Semester Projects. Complete homework Assignment 4
Week 10	Nov.28-Dec 4	Semester Project Journal: due by 12/4 Assignment 5: Due by 12/4 Test 3 due by 12/11, 11:59pm
Week 11 _________ Week 12	Dec. 5-11	Semester Import Project Plan: due by 12/11 _______________________ End of the semester week

Student Learning Outcomes/Learning Objectives

Course Rationale

This course provides students with broad understanding of importing procedures and requirements, including marketing, government controls and programs, shipping terms, payments options duty assessment, and product valuation.

Learning Outcomes and Objectives:

At the conclusion of the course the student should have:

Strategies for a successful import business plan;
An understanding of the various components of import operations;
A realization of the government regulations that can impact import operations;
A recognition of the various payment and shipping options for an import business;
An awareness of the appropriate aspects of NAFTA and the WTO

Syllabus Sections

Publish Date

Principles of Imports

Course Information

Office Hours

Course Requirements

Readings

Course Subjects

Student Learning Outcomes/Learning Objectives