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Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS DIY 5052 ECONOMICS OF INTERNATIONAL SHIPPING ELECTIVE 3 0 0 5

Offered By

Maritime Business Administration

Level of Course Unit

Second Cycle Programmes (Master's Degree)

Course Coordinator

ASSOCIATE PROFESSOR SADIK ÖZLEN BAŞER

Offered to

Maritime Business Administration

Course Objective

To have a strong background about Economics of International Shipping To gain an economic perspective for the shipping industry To understand general economic structure of all shipping operations

Learning Outcomes of the Course Unit

1   To gain detailed knowledge on Economics of International Shipping 2   To understand general economic structure of all shipping operations 3   To be surrounded by the cause-affect relationship in shipping operations 4   To understand the economic transactions in shipping industry 5   To gain an economic perspective for the shipping industry

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 The shipping market cycle and four shipping markets 3 Supply, demand and freight rates 4 Costs, revenue and financial performance 5 Financing ships and shipping companies 6 The economic principles of maritime trade 7 Mid-term exam 8 Bulk cargo and the economics of bulk shipping 9 The general cargo and the economics of liner shipping 10 The economics of ships and ship designs 11 The regulatory framework of maritime economics 12 The economics of shipbuilding and scrapping 13 Maritime forecasting and market research 14 Project evaluation

Recomended or Required Reading

Stopford, Martin (1997). Maritime Economics, London REFERENCE BOOKS : Schall, Lawrence D. (1991). Introduction to Financial Management, Singapore Journals Maritime Policy and Management, Journal, ISSN: 0308-8839 Maritime Economics and Logistics, Journal, ISSN: 1479-2931

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 STT TERM WORK (SEMESTER) 3 FIN FINAL EXAM 4 FCG FINAL COURSE GRADE MTE * 0.30 + STT * 0.30 + FIN* 0.40 5 RST RESIT 6 FCGR FINAL COURSE GRADE (RESIT) MTE * 0.30 + STT * 0.30 + RST* 0.40

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 13 3 39 Preparations before/after weekly lectures 12 4 48 Preparation for midterm exam 1 5 5 Preparation for final exam 1 10 10 Design Project 1 15 15 Preparing presentations 1 5 5 Final 1 2 2 Midterm 1 2 2 TOTAL WORKLOAD (hours) 126

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 5 3 4 4 5 4 4 3 4 5 5 5 LO.2 5 4 5 4 4 3 4 3 4 4 5 5 LO.3 3 3 5 3 4 3 4 4 3 4 5 5 LO.4 5 4 5 4 4 3 3 4 3 4 5 5 LO.5 5 5 4 4 3 4 3 4 4 3 5 5