Course Details
Course Information Package
Course Unit Title | ECONOMICS OF SEA TRANSPORT & INTERN. TRADE I | ||||||
Course Unit Code | ATET201 | ||||||
Course Unit Details | |||||||
Number of ECTS credits allocated | 5 | ||||||
Learning Outcomes of the course unit | By the end of the course, the students should be able to:
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Mode of Delivery | Face-to-face | ||||||
Prerequisites | ABSE101,ABSE102 | Co-requisites | NONE | ||||
Recommended optional program components | NONE | ||||||
Course Contents | Introduction to Maritime Economics International trade Why nations trade? Comparative advantage Economies of scale What kinds of markets exist? Perfect competition (not really exist) Imperfect competition The economic and commercial environment of the shipping market The economic role of shipping The international transport system The role of ports in the transport system The demand for sea transport Derived demand Key influences on demand for sea transport Elasticity of demand The supply of sea transport Key influences on supply for sea transport Measuring supply responsiveness: the concept of elasticity of supply Technical and economic life of a ship The freight rate mechanism Cost analysis, revenue and financial performance The cost of running the ship The capital cost and financial performance The revenue calculation Computing the cash flow | ||||||
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Textbooks |
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References |
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Planned learning activities and teaching methods | Lectures, discussions, presentations, assignments | ||||||
Assessment methods and criteria |
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Language of instruction | English | ||||||
Work placement(s) | NO |