ECO803 - International Trade and Logistics individual Report

Assignment Task

Assessment 

The objective of this assessment is to evaluate your understanding of international trade concepts and your ability to apply them to a real-world scenario. You will develop a comprehensive import strategy for a business that imports mobile phones from other countries to Australia. Your strategy should consider opportunities and possible risks. Additionally, you will discuss potential outcomes in an international trade environment and provide policy recommendations to enhance trade competitiveness based on the theories studied in this subject. The assessment includes a written and an oral component. Instructions for the written report:

1. International trade opportunities and strategies: Identify and analyse the opportunities available in the Australian mobile phone import market. Based on your results, develop a comprehensive strategy for your business, considering factors such as sourcing countries, target customer segments, pricing, marketing, and distribution channels. Justify your strategy by explaining how International Trade Report Page 2 of 5 it aligns with the identified opportunities and market conditions.

2. Risk management in international trade: Identify potential risks and challenges associated with importing mobile phones to Australia. Assess its potential impact on your business and proposing suitable risk mitigation strategies.

3. Outcomes in international trade: Analyse the possible outcomes and effects that your business may experience in an international trade environment. Discuss the potential impact of factors such as tariffs, exchange rates, and market competition on your business and how you can adapt to or leverage them for success.

4. International trade policy recommendations: Based on the theories and concepts studied in trade and logistics, provide policy recommendations to enhance your business's trade competitiveness. You can consider, for example, areas such as country-specific production advantages, relative advantage or absolut advantage, demand conditions, supporting industries, trade agreements, transportation infrastructure, or customs. Justify your recommendations by explaining how they align with the studied theories and how they can contribute to improving your business's overall trade competitiveness.

This assessment goes beyond individual report writing and also requires you to present your report insights to a board of directors, which consists of your fellow students. Each student will be allocated to a group, and within the group, every student will present their insights from the import strategy report. This structure ensures that each student has an opportunity to showcase their understanding of the subject matter. Following each presentation, the other students in the group will engage in a discussion, critically challenging the ideas presented. The quality of both the presentations and the discussions will be assessed. This interactive component will provide valuable opportunities for discussion, critical challenge, and feedback. Instructions for board presentation:

1. Prepare a presentation based on the findings and insights from your import strategy report. You can, but do not have to, utilise visual aids, such as slides or handouts, to support your presentation and enhance clarity.

2. Present the key aspects of your report, such as opportunities, strategies, risks, outcomes, and policy recommendations to the board members. The presentation should take no longer than 5 minutes.

3. Following each presentation, the board of directors (other students) will engage in a discussion and critically challenge the ideas presented. This discussion should be conductedin a constructive manner, encouraging thoughtful questions, feedback, and alternative perspectives.

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