FOR18 Maritime Economics

• Topics

  • Seaborne trade and transport systems
  • Maritime transportation market segments
  • Market cycles, supply and demand economics
  • Shipping company cost, revenue and cashflows
  • The economics of shipbuilding and scrapping
  • Regulatory framework of the maritime industry

• Learning outcome

  The main objective of the course is to give students a solid background on the economic aspects of maritime transportation, a broad knowledge of the international shipping industry, and an introduction of present state of challenges in the business.

  Knowledge

  Upon completing the course students

  • Understand the importance of international shipping in the world economy
  • Understand the market drivers of the shipping business
  • Have a fundamental knowledge of how the industry evolves

  Skills

  Upon completing the course students can

  • Identify and analyse the fundamental drivers for maritime transportation
  • Refer to information and present matters that are influenced by maritime transportation
  • Reflect upon the challenges facing by the international shipping industry

  General competence

  Upon completing the course students

  • Can communicate and exchange opinions with others with a background in the field
  • Have insight into the fundamental drivers of the international shipping industry

• Teaching

  Teaching consists of lectures, case studies, assignments, and group work.

  Lectures will be in the auditorium. Video recording might be available after lectures.

  We will in any case take advantage of digital teaching platforms, including mlecs.com which has been made for the textbook.

• Recommended prerequisites

  There are no requirements regarding previous courses, but students are expected to have some knowledge of the main theories and concepts in business and economics.

• Credit reduction due to overlap

  None.

• Compulsory Activity

  Quiz for the purpose of course approval.

• Assessment

  20% class participation, individual based.

  30% group presentation, in groups of 2-4 students.

  50% oral exam, individual based.

  FOR18 har ikke vurdering i det undervisningsfrie semesteret. Fra og med høsten 2023 blir hovedregelen for bacheloremner at kun obligatoriske emner med individuell vurdering vil ha vurdering i det undervisningsfrie semesteret. Dette gjelder kun for studenter med gyldige arbeidskrav. Hvilke gjentaksmuligheter som gjelder til enhver tid blir vedtatt av programleder og publisert i emnebeskrivelsen.

• Grading Scale

  A-F

• Literature

  Stopford, M. (2013): Maritime Economics, 3rd edition, London, Routledge.