Maritime Economics

FOR18 Maritime Economics

Spring 2022

  • 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.

    The mix between online and physical in-person teaching in the course will be determined by local and national guidance related to the Corona situation.

    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

    100 % credit reduction towards SAM18.

  • Requirements for course approval

    Online quiz, student presentation.

  • Assessment

    • 50% presentation (group work, 3-4 students per group) - week 14/15 (the weeks before Easter)
    • 50% oral exam (15 minutes individual exam) - exam week 

  • Grading Scale

    A-F

  • Literature

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

Overview

ECTS Credits
7.5
Teaching language
English.
Semester

Spring. Offered Spring 2022 (first time).

Course responsible

Assistant Professor Haiying Jia, Department of Business and Management Science.