COURSE UNIT TITLE

: QUANTITATIVE METHODS IN MARITIME ECONOMICS

DEGREE PROGRAMMES

Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS
MBA 3021 QUANTITATIVE METHODS IN MARITIME ECONOMICS ELECTIVE 2 2 0 5

Offered By

Maritime Business Administration (English)

Level of Course Unit

First Cycle Programmes (Bachelor's Degree)

Course Coordinator

PROFESSOR DOCTOR SADIK ÖZLEN BAŞER

Offered to

Maritime Business Administration (Evening)
Maritime Business Administration (English)

Course Objective

This course aims to use some well-known quantitative economic approach to Maritime economics. We want students to use their basic economic and mathematical knowledge in shipping economics.

Learning Outcomes of the Course Unit

1   To gain the ability to evaluate the econometric methodology and methods
2   To comprehend the decision theory and make its practice
3   To comprehend the queuing theory and make its practice
4   To underdstand basic economic relationships
5   To gain the ability to appraisal investment in shipping.
6   To understand the freight futures

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

None

Recomended Optional Programme Components

None

Course Contents

Week Subject Description
1 Basic economic relationships
2 The demand and supply of sea transport
3 Optimum speed of ships
4 Ships costs, Voyage estimates
5 Freight futures
6 The optimum size of ships
7 Midterm exam I
8 Liner freight rates
9 Decision theory
10 Queuing theory
11 Worldscale
12 The theory and practice of index numbers
13 Investment appraisal in shipping
14 Replacement, obsolescence and modification of ships

Recomended or Required Reading

Quantitative Methods in Maritime Economics, John Evans and Peter Marlow, 2nd Edition, London, Fairplay Publications, 1990

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
Maritime Economics, Martin Stopford, 3rd Edition, London, Routledge. 2009

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


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)

To be announced.

Office Hours

To be announced.

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.13333353
LO.233353333
LO.3333533353
LO.43353333535
LO.53353333
LO.63353333

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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