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Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS MBA 4015 TRAMP SHIPPING ECONOMICS ELECTIVE 3 0 0 5

Offered By

Maritime Business Administration

Level of Course Unit

First Cycle Programmes (Bachelor's Degree)

Course Coordinator

ASSOCIATE PROFESSOR SADIK ÖZLEN BAŞER

Offered to

Maritime Business Administration Maritime Business Administration

Course Objective

The aim of this lecture is to give the student an insight into the working of the tramp shipping industry. Then the nature of the tramp freight market is discussed together with the characteristics of shipping firms engaging in this market.

Learning Outcomes of the Course Unit

1   To understand the wide fluctuations in freight rates 2   To comprehend the concept of equilibrium in both the short and the long run 3   To gain the ability to examine the nature of fluctuations 4   To understand the supply and demand for tramp shipping services 5   To comprehend the main characteristics and consequences of fluctuations

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

None

Recomended Optional Programme Components

None

Course Contents

Week Subject Description 1 The tramp shipping industry 2 The demand for tramp shipping services 3 The supply of tramp shipping services 4 The tramp ship and its neighbors 5 The cost of operation in tramp shipping 6 Flag of convenience 7 Midterm exam I 8 Fluctuations in the tramp freight market 9 Tramp shipping services: supply and demand 10 Main characteristics and consequences of fluctuations 11 Midterm exam II 12 The endemic tendency to over-invest 13 Economic effects of technical progress 14 Tonnage stabilization schemes

Recomended or Required Reading

The Economics of Tramp Shipping, B. N. Metaxas, London, The Athlone Press. Tramp Shipping, H. Griparios, London, Thomas Nelson and Sons Ltd.

Planned Learning Activities and Teaching Methods

Cooperative and active teaching and learning strategies

Assessment Methods

SORTING NUMBER SHORT CODE LONG CODE FORMULA 1 MTE 1 MIDTERM EXAM 1 2 MTE 2 MIDTERM EXAM 2 3 FINS FINAL EXAM 4 FCGR FINAL COURSE GRADE (RESIT) MTE 1 * 0.20 + MTE 2 * 0.20 + FINS * 0.60 5 RST RESIT 6 FCGR FINAL COURSE GRADE (RESIT) MTE 1 * 0.20 + MTE 2 * 0.20 + FCGR * 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/LO PO.1 PO.2 PO.3 PO.4 PO.5 PO.6 PO.7 PO.8 PO.9 PO.10 PO.11 PO.12 PO.13 LO.1 3 3 3 5 5 3 3 3 LO.2 3 3 5 3 5 3 3 3 LO.3 3 3 3 3 5 3 3 3 3 LO.4 3 3 5 3 3 3 LO.5 3 3 3 5 3 3 3 3