COURSE UNIT TITLE

: MARITIME ECONOMICS I

DEGREE PROGRAMMES

Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS
MBA 3003 MARITIME ECONOMICS I COMPULSORY 3 0 0 5

Offered By

Maritime Business Administration

Level of Course Unit

First Cycle Programmes (Bachelor's Degree)

Course Coordinator

ASSOCIATE PROFESSOR ABDULLAH AÇIK

Offered to

Maritime Business Administration
Maritime Business Administration (Evening)

Course Objective

This course is an introduction to shipping economics. It aims to explain how the shipping market is organized and to answer some basic questions about how it works: How are prices and freight rates determined

Learning Outcomes of the Course Unit

1   To gain the ability to analyze the shipping business mechanism.
2   To learn the steps necessary in modeling the maritime concerns especially in evaluating the related problems.
3   To gain the ability to analyze the demand and supply of sea transport.
4   To understand the shipping market cycle.
5   To gain the ability to analyze the costs-revenues and financial performance of the ships.

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

None

Recomended Optional Programme Components

None

Course Contents

Week Subject Description
1 The economic organization of the shipping market
2 Basic economic relationships
3 The shipping market cycle
4 The demand and supply of sea transport
5 The shipping markets
6 Optimum speed of ships
7 Midterm exam I
8 Supply, demand and freight rates
9 Ships costs, Voyage Estimates, Worldscale
10 Costs and revenue
11 Financial performance
12 Freight futures
13 Financing ships and shipping companies
14 The optimum size of ships

Recomended or Required Reading

Maritime Economics, Martin Stopford, 3rd Edition, London, Routledge, 2009
International Ocean Shipping: Current Concepts and Principles, B. J. Abrahamsson, Boulder, Col., Westview Press, 1980
Economics of Maritime Transport, James McConville, London, Witherby Publishers, 1999
An introduction to Shipping Economics, I. Chrzanowski, London, Fairplay Publications, 1985
Quantative Methods in Maritime Economics, John Evans and Peter Marlow, 2nd Edition, London, Fairplay Publications, 1990

Planned Learning Activities and Teaching Methods

Cooperative and active teaching and learning strategies

Assessment Methods

SORTING NUMBER SHORT CODE LONG CODE FORMULA
1 MTE MIDTERM EXAM
2 ASG ASSIGNMENT
3 FINS FINAL EXAM
4 FCG FINAL COURSE GRADE MTE * 0.30 + ASG * 0.10 + FINS * 0.60
5 RST RESIT
6 FCGR FINAL COURSE GRADE (RESIT) MTE * 0.30 + ASG * 0.10 + RST * 0.60


*** Resit Exam is Not Administered in Institutions Where Resit is not Applicable.

Further Notes About Assessment Methods

None

Assessment Criteria

To be announced.

Language of Instruction

English

Course Policies and Rules

To be announced.

Contact Details for the Lecturer(s)

Prof. Dr. Sadık Özlen Başer: ozlen.baser@deu.edu.tr
Res. Asst. Dr. Abdulah Açık: abdullah.acik@deu.edu.tr

Office Hours

Monday 13:00 - 15:00

Work Placement(s)

None

Workload Calculation

Activities Number Time (hours) Total Work Load (hours)
Lectures 12 3 36
Preparations before/after weekly lectures 12 4 48
Preparation for midterm exam 2 10 20
Preparation for final exam 1 15 15
Midterm 2 2 4
Final 1 2 2
TOTAL WORKLOAD (hours) 125

Contribution of Learning Outcomes to Programme Outcomes

PO/LOPO.1PO.2PO.3PO.4PO.5PO.6PO.7PO.8PO.9PO.10PO.11PO.12PO.13
LO.135333333
LO.2333353
LO.33533533353
LO.43333335
LO.53353333

CONTACT INFORMATION
Dokuz Eylül Üniversitesi Cumhuriyet Bulvarı No: 144 35210 Alsancak / İZMİR
Phone: +90(232) 412 12 12 - Fax: +90 (232) 464 81 35

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