Maritime History and Economics

SAM18 Maritime History and Economics

Autumn 2020

  • Topics

    This is an applied course, where maritime history and theories from maritime economics are used to shed light upon the current state and future development of the shipping industry. Some of the topics are factual, for instance maritime history in a long-term perspective, the shipping industry today,  market segments, maritime policy and regulation and the Norwegian maritime industry. At the same time the course has a theoretical aspect, where we deal with things such as shipping costs and revenues, the four markets of shipping, shipping cycles and shipping risk.

  • Learning outcome

    The main objective of the course is to give students a broad knowledge of the history and mechanisms of the international shipping industry. This includes the importance of the industry in the world economy, the economic aspects of the industry, policy and environmental issues and the main challenges facing shipping companies.


    At the end of the course students will have;

    • broad knowledge of the international shipping industry
    • knowledge on research and development work in the fields of maritime history and maritime economics


    At the end of the course students will;

    • be able to present the main markets for ships and shipping services
    • be able to reflect upon the challenges facing shipping companies
    • be able to find, evaluate and refer to information and scholarly subject matter and present it in a manner that sheds light on the mechanisms of this industry
    • masters relevant theoretical approaches to shipping

    General competence

    At the end of the course students;

    • will have insight into the driving forces in the shipping industry - both today and historically
    • can communicate important aspects of the shipping industry (theories, problems and solutions), both in writing and orally
    • can exchange opinions and experiences with others with a background in the field, thereby contributing to the development of good practice
    • will have competence in new thinking and innovation processes, including economic, political and ethical issues relevant to shipping

  • Teaching

    Lectures, assignments, group work, excursion, industry visit.

  • 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. It is therefore suggested that students do not take this in their first semester unless they have such knowledge.

  • Required prerequisites


  • Requirements for course approval

    Two short individual assignments and group term paper/ presentation.

  • Assessment

    Individual oral exam.

    Duration: 15 minutes.

  • Grading Scale

    Grading scale A - F.

  • Computer tools

    None, though students are encouraged to bring a smartphone, laptop or tablet to class.

  • Literature

    Stopford, Martin (2009) Maritime Economics, 3rd edition, London, Routledge (selected chapters - see lecture plan).

    In addition, material provided in lectures and via it's learning (lecture notes, lecture slides, newspaper articles, supplementary literature, etc.) and the term papers are required reading.


ECTS Credits
Teaching language

Autumn. Offered autumn 2020.

Please note: Due to the present corona situation, please expect parts of this course description to be changed before the autumn semester starts. Particularly, but not exclusively, this relates to teaching methods, mandatory requirements and assessment.

Course responsible

Professor Stig Tenold, Department of Economics.