This diploma paper consists of 5 main parts. First part is focused on buying contract in general. Two parts which follow are dealing with two of it's important parts-terms of delivery and terms of payment. Next part is explaing the influece of terms of delivery on price and the influence of terms of payment on costs of a certain transaction. Last part is focused on the usage of both, terms of delivery and payment, demonstrated on a real company.

Indonesia, Malaysia, The Philippines, and Thailand, have all chosen outward-oriented strat-egy over inward-oriented strategy to gain economic growth. This approach was due to the Asian miracles development. Therefore, protectionism had to cave in (Edwards, 1993). This thesis aim with the help of income terms of trade and GDPCAP to study the relation between trade and growth for these countries mentioned. Therefore, see if income terms of trade would work as an engine of growth for these countries. The purpose is to find a posi-tive correlation between the variables. ITT capture the price and volume effects when trade increases. That is why, ITT is used in this thesis, for the purpose that exports alone cannot explain growth if imports are left out. Time series was conducted with help of a unit root test, co-integration, and Granger causal-ity test. In each test made, the result provided showed of statistically significant values, hence, ITT is of relevance for growth in these countries, during 1980-2006.

This thesis analyses an international sales contract especially its two parts, delivery and payment terms. Objective of the thesis is to present the high importance of delivery and payment terms in international sales contracts, how they influence the price as well as the whole business transaction. This text is devided into two parts, theoretical and practical. The first part deals with the whole characterization of an international sales contract, its belongings, legislative definition and detailed description of the delivery and payment terms. International chamber of commerce and insurance are also mentioned. The practical part concerns with anylysis of the particular examples from Ceco-legno company.

Over a thousand English metaphorical business terms collected from Longman Business English Dictionary, Dictionary of Economics, Macmillan Dictionary of Modern Economics and The Encyclopedical Lithuanian-English Dictionary of Banking and Commerce are analyzed in the Master’s thesis. Since often the same English terms can have multiple equivalents in Lithuanian language, it is essential to choose and consistently use the same terminology when translating. However, the analysis of authentic contemporary translations of such terms collected from Translation Memory of the European Commission's Directorate General for Translation and Donelaitis Parallel Corpus demonstrates that this rule is often ignored and various translation strategies are employed. Furthermore, multitude of proposed translations of such terms in the dictionaries shows that Lithuanian business terminology is still under development, but tendency not to preserve metaphoricity can be observed. / Magistro darbe nagrinėjama daugiau kaip tūkstantis metaforinių anglų kalbos verslo terminų, surinktų iš Longman Business English Dictionary, Ekonomikos terminų žodyno, Aiškinamojo ekonomikos anglų-lietuvių kalbų žodyno bei Lietuvių-anglų kalbų aiškinamojo bankinių ir komercinių terminų žodyno. Kadangi neretai tie patys angliški terminai lietuvių kalboje gali turėti kelis atitikmenis, verčiant ypač svarbu pasirinkti ir nuosekliai vartoti vienodą terminiją. Tačiau šiuolaikinių tokių terminų vertimų, surinktų iš Europos Komisijos generalinio vertimo direktorato vertimų atminčių bei Donelaičio lygiagrečiojo tekstyno, analizė rodo, kad ši taisyklė dažnai ignoruojama ir taikomos įvairios vertimo strategijos. Be to, žodynuose siūloma tokių terminų vertimų gausa rodo, kad lietuviškoji verslo terminija dar nėra nusistovėjusi, bet pastebima tendencija atsisakyti metaforiškumo.

Presents a study of surveying terminology, which may be considered as an under-researched area when compared to legal, medical or business terminologies, focusing on English and Polish. This book provides a wide picture of surveying terminology by looking at problems that diversified groups of users may identify. Kwiatek investigates how surveying terms are created and how they are named in English and Polish; she analyses the concept systems of the two languages with respect to surveying terminology; and she indicates the areas of surveying in which terminology and conceptual differences occur, the factors that trigger them and translation strategies which are used to solve them.

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<p>This dissertation addresses three key issues in international finance and economics: the uncovered interest rate parity puzzle in exchange rates, the home bias puzzle in portfolio allocations, and the surprising lack of correlation between terms of trade shocks and output in small open economies. </p><p>The first chapter shows that the much-studied Uncovered Interest Rate Parity (UIP) puzzle, the observation that exchange rates do not adjust sufficiently to offset interest rate differentials, is more complicated than commonly understood. I show that the puzzle changes nature with the horizon. I confirm existing short-run evidence that high interest rate currencies depreciate less than predicted by the interest rate differential. But, building on Engel (2012), at longer horizons (4 to 7 years) I find a reverse puzzle: high interest rate currencies depreciate too much. Interestingly, the long-horizon excess depreciation leads exchange rates to converge to the UIP benchmark over the long-run. To address the changing nature of the puzzle, I propose a novel model, based on the mechanism of bond convenience yields, that can explain both the short and the long horizon UIP violations. I also provide direct empirical evidence that supports the mechanism. </p><p>In chapter 2, I address the puzzling observation that portfolios are concentrated in asset classes which comove strongly with the non-financial income of investors. As an explanation, I propose a framework of endogenously generated information asymmetry, where rational agents optimally choose to focus their limited attention on risk factors that drive both their non-financial income and some of the risky asset payoffs. In turn, the agents concentrate their portfolios in assets driven by those endogenously familiar factors. I explore an uncertainty structure that implies decreasing returns to information, whereas the previous literature has focused on a setup with increasing returns. I show that the two frameworks have differing implications, which I test in the data and find support for decreasing returns to information. </p><p>In chapter 3, I address the puzzling lack of correlation between Terms of Trade (ToT) and the Small Open Economy (SOE) GDP. A SOE model typically relies on three sources of exogenous disturbances: world real interest rate, Terms of Trade (ToT) and technology. However, the empirical literature has failed to reach a consensus on the relative importance of the terms of trade as a driver of business cycles, with some papers claiming they are hugely important while others find no evidence of a relationship at all. Kehoe and Ruhl (2008) have recently shown that the weak empirical link between ToT and the GDP might be due to measurement limitations with the output series in an open economy framework. This paper merges data on national accounts with data on global trade flows for a panel of 31 countries and finds that Terms of Trade have a negligible effect on GDP but a strong effect on aggregate consumption. The evidence supports the hypothesis that ToT are important drivers of business cycles, but measurement issues with GDP obscure their relationship with real output. This further suggests that researchers should be careful when equating model output with measured GDP in an open economy setup.</p> / Dissertation

Resumé: Standardized forms of concluding contracts in international trade The contemporary international trade is defined by the standardized approach to commercial transactions. The purpose of my thesis is to analyse legal issues concerning contract formation by means of standardized legal forms in international trade. Chapter One describes the development of standardization in international trade. It introduces and defines basic terminology covering standardized forms of contract formation: standard terms, standard clauses, boilerplate terms, form and model contracts and legal manuals. Chapter Two addresses the process of contract formation under the United Nations Convention on Contracts for International Sale of Goods (CISG) in comparison with the regulation in the Principles of European Contract Law (PECL), Principles of International Commercial Contracts (UNIDROIT Principles, UPICC), Draft Common Frame of Reference (DCFR) and the Proposal for a Regulation of the European Parliament and of the Council on a Common European Sales Law (CESL). The emphasis is placed on the incorporation of standard terms into a contract, i.e. into an offer or an acceptance. It is followed by an analysis of the battle of forms and its possible solutions including last shot rule, first shot rule, knock-out rule and...

Master of Arts / Department of Economics / Peri da Silva / Terms-of-trade argument (the optimal tariff theory) refers that a country with market power can gain national welfare when they impose a tariff for foreign exports and generate welfare at the expense of foreign trade partners. This argument has been long-term applied as an assumption in many theoretical trade models. Feenstra (2004) shows that the theoretical optimal tariff is equal to the inverse foreign export supply elasticity which implies if we can get the value of inverse export elasticity for each good then we can set up the optimal tariff to maximized our national welfare. Compared with the development in theory, the progress in the empirical study of terms-of-trade argument has been a bit stagnant until recent years. Christian Broda, Nuno Limão and David Weinstein (2008) show us an important empirical evidence that countries use market power when they set up tariff in their non-cooperative trade policy. And they estimate both import demand elasticity and export supply elasticity at the four-digit Harmonized System level by using 16 countries’ trade data and production data. In this report, we firstly introduce the theoretical basis of optimal tariff. Then we will discuss the contributions of Broda et al (2008) and other economists’ empirical findings of optimal tariff theory which applies Broda, Limão and Weinstein’s estimates of elasticities

Mathematics education studies have shown that part of learning mathematics is learning its language. The language of mathematics is said to include specialised terms and ordinary language terms that have contextual meanings in mathematics. Considering the fact that learners in South Africa are performing poorly in mathematics in the international comparative studies, e.g. TIMSS, there was a need to investigate how teachers facilitate second language learners’ access to the meaning of mathematical terms in multilingual classrooms in South Africa. This study investigated a teacher’s practices in the facilitation of learner access to mathematical terminology in a Grade 11 multilingual class in a township school in Vosloorus, South Africa. The study employed a qualitative approach in investigating Discourse practices that the teacher used to define mathematical terms to second language learners in a multilingual classroom. Direct classroom observations and a teacher interview were the main data gathering methods. The main findings were that the teacher used a combination of interactive practices that involved group work, telling, individual student interactions and initiation, response and evaluation methods. Among definition teaching strategies used were the textbook procedural definition and the textbook descriptive definitions. The chalkboard and the textbook were the main artefacts of the Definition Discourse. The study concludes that the Definition Discourse of the multilingual classroom is a process that involves not only the definition of terms but also an integration of teaching methods and interactive practices where definitions of mathematical terms can be taught even through the eliciting of procedural methods of working out mathematical problems.