MSc in International Trade and Shipping Management

Course Information Package

Course Unit TitleECONOMICS OF INTERNATIONAL TRADE AND TRANSPORT
Course Unit CodeITSM514
Course Unit DetailsMA/LLM Maritime Law and Shipping Management (Specialisation Electives) - MSc International Trade and Shipping Management (Electives) -
Number of ECTS credits allocated6
Learning Outcomes of the course unitBy the end of the course, the students should be able to:
  1. Understand and appreciate the complexity in international shipping models;
  2. Develop a macro-economic shipping overview analysis of global markets;
  3. Critically analyse shipping market cycles and the real triggers behind the 2008 shipping market collapse;
  4. Analyse the ship recycling market from the perspective of a shipowner, the demolition yards, the environment, the market;
  5. Analyse the dependence and influence of a major importing country with a focus on China;
  6. Evaluate and recognise risk in shipping and transport; defensive strategies;
  7. Understand and evaluate the role of International Shipping Organisations and Trade Associations
Mode of DeliveryFace-to-face
PrerequisitesNONECo-requisitesNONE
Recommended optional program componentsNONE
Course Contents
1. Focus on maritime aspects of international trade
2. Analyse traditional analysis of supply and demand plus more recent developments in aspects of forecasting.
3. Analyse an actual trade model to discuss issues arising therefrom.
4. Explore market cycles to evaluate their effectiveness and efficacy.
5. Create risk conditions and deal with these using dynamic strategic approach
6. Explore economic factors of ship demolition, age profile and fleet renewal together with market prospects
7. Appreciate the important Trade Organisations and Associations
Recommended and/or required reading:
Textbooks
  • Stopford. M; “Maritime Economics”, Routledge, 3rd Edn.
References
  • Talley, W; “Port Economics”, Routledge.
  • Grammenos, C; “The Handbook of Maritime Economics and Business”.
  • Lorange, P; “Shipping Strategy”, Cambridge University Press.
  • “Maritime Economics & Logistics”, pub., Palgrave
  • “Maritime Policy and Management”, pub., Routledge
  • World Bank, IMF, UNCTAD, World Trade Organisation, OECD, Eurostat
Planned learning activities and teaching methods

The course will be delivered through lectures, discussions and PowerPoint presentations augmented by discussion with lecture outside of standard teaching sessions.

Assessment methods and criteria
Assignment Outline10%
Assignment40%
Final Exam50%
Language of instructionEnglish
Work placement(s)NO