FOR18 Maritime Economics

• Topics

  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.

  Topics:

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

• Learning outcome

  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.
  • Understand the development of green shipping and the current challenges.

  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.
  • Have good understanding of sustainable goals and challenges in the industry.

• Teaching

  Teaching consists of lectures, case studies, assignments, and group work. Lectures will be in the auditorium.

• 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

  One quiz, to be answered individually.

• Assessment

  Active participation in class, including in-class presentations and answering questions and/or making relevant contributions during lectures (20%).

  Group presentation, in groups of 2-4 students (30%).

  Individual oral exam, 15 minutes for each student (50%).

• Grading Scale

  A-F

• Literature

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

• Retake

  Retake in FOR18 will not be offered during the non-teaching semester (spring). Only mandatory bachelor courses with an individual written school exam or a home exam lasting up to one day will have a retake assessment in the non-teaching semester.

  For detailed information regarding the retake policy, please visit our website: https://www.nhh.no/en/for-students/examinations/retake-of-exams (copy URL).