Course Information Package
|Course Unit Title||ECONOMICS OF INTERNATIONAL TRADE AND TRANSPORT|
|Course Unit Code||DLITSM514|
|Course Unit Details||MA/LLM Maritime Law and Shipping Management (DL) (Specialisation Electives) - MSc International Trade and Shipping Management (DL) (Electives Courses) -|
|Number of ECTS credits allocated||6|
|Learning Outcomes of the course unit||By the end of the course, the students should be able to:|
|Mode of Delivery||Face-to-face|
|Recommended optional program components||NONE|
The course short (outlined) description is presented below:
• Evolution of International Trade and Transport
• Absolute and Comparative Advantage - Resources and Trade - The Heckscher-Ohlin Model – The Ricardian Model
• Key Indicators of the Labor market - Labor Productivity
• Balance of Payments – Exchange Rates and the influence on the International Trade
• Elements of Competitiveness - Exports and Foreign Direct Investments – Indicators of competitiveness
• Protectionism - Trade Barriers - Structure of trade costs - Trade policy in developing countries - Growth – Crisis and Reform
• International Trade Bodies – International Trade Institutional Framework – The role of Active Economic Blocks
• Demand & Elasticity of demand for sea transport – Supply of Sea Transport – Economies of scale – Demand / Supply equilibrium
• Competitive and non – competitive shipping markets – Tramp vs. Liner Shipping
• The role of shipping for EU – The particular role of ports for the international trade
|Recommended and/or required reading:|
|Planned learning activities and teaching methods|
The intended use of this module is such that you progress through from unit 1 to unit 10 in unit order. The module is designed to introduce and explain the material you are expected to learn. All the readings from the recommended textbooks associated with a specific unit, will be clearly stated. Furthermore, any relevant readings associated with a particular topic will be stated at various points within the unit, wherever appropriate. It is worth noting that all readings provide a good source of additional examples on which you can practice if you so wish.
The on-line learning environment provides an opportunity for receiving on-line feedback from the Module Instructors during your study and you are strongly advised to take advantage of this. In addition, you will be encourages to interact both with other students and your instructor so as you feel part of an on-line community of learners that belong to the University network.
Recorded lectures/ Narrated presentations
Students may be asked to watch a recorded lecture or narrated presentation posted on the web addressing the main concepts of a particular unit.
Dynamic Online Interaction:
• Asynchronous communication tool (Discussion Forum)
Students may be asked to participate, wherever appropriate, in an online forum posting your views on certain topics covered in a particular unit.
• Synchronous communication tool (instant messaging)
Using the synchronous communication tools (such as, skype, chat rooms, video-conferencing, etc.), you may discuss with the Module Instructor (s) and/or other students on line with reference to specific issues covered in a given unit.
Throughout the Study Guide, you will find a various forms of assessment/ self-assessment as follows:
- Online multiple choices questions on the topics covered.
- Online review questions designed to provoke thought/ action and reflection on the topics covered in each unit and their applicability in real life.
- Online numerical exercises that require computational work designed to check that you can correctly apply a technique or method covered in a specific unit.
- Discussion forum participation based on recommended articles and the questions offered for dynamic online interaction.
- Instant messaging participation.
- Further readings beyond those already recommended in this Guide.
|Assessment methods and criteria|
|Language of instruction||English|