Courses:

Economics of Marine Transportation Industries >> Content Detail



Syllabus



Syllabus



Prerequisites


14.01 or permission of instructor.



Textbooks and Readings


There is no required textbook for this course. Students are assigned various readings for each class session.



Assignments


Students are assigned two papers during the term. Associated with the second paper, each student also presents their findings in class during the last two sessions.



Grading Policy



ACTIVITIESPERCENTAGES
Written Assignments50%
Class Participation50%

Within the written assignments, the term paper carries twice the weight of the shorter assignment.



Calendar



LEC #TOPICSKEY DATES
Part I. Review of Economic Theory
1Introduction and Overview
2Fundamentals of Market Economics: Supply and Demand, Elasticity, etc.
3Fundamentals of Market Economics (cont.): Common Property Resources, Economic Efficiency, Market Failure, etc.
4

Economics of the Environment

The Time Value of Money

5

Economic Sustainability

Macroeconomics: National Income Accounting

Part II. Applications to Marine Industries
6Shipping Markets and CyclesWritten assignment 1 due
7

Bulk Shipping

LNG Shipping

8Ship Charter/Purchase Decisions (Guest Lecture by Sydney Levine, Shipping Intelligence Inc.)
9Shipping and the Environment: Tanker Spills, Right Whales
10

Liner Shipping and Ports

FPSOs, Fast Ferries, Fast Freight Ships

11Shipping Finance, Risk and Return (Guest Lecture by Kevin Hazel, Marsoft Inc.)
12

Student Presentations

Course Evaluation

13

Student Presentations (cont.)

Course Wrap-up

Written assignment 2 due

 








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