Module Catalogue 2023/24

MAR8137 : Maritime Economics

MAR8137 : Maritime Economics

  • Offered for Year: 2023/24
  • Module Leader(s): Professor D John Mangan
  • Lecturer: Dr Alessio Tei
  • Owning School: Engineering
  • Teaching Location: Newcastle City Campus
Semesters

Your programme is made up of credits, the total differs on programme to programme.

Semester 2 Credit Value: 10
ECTS Credits: 5.0
European Credit Transfer System
Pre-requisite

Modules you must have done previously to study this module

Pre Requisite Comment

NONE

Co-Requisite

Modules you need to take at the same time

Co Requisite Comment

NONE

Aims

To gain an understanding of economics principles and as applied to the maritime sector.

Outline Of Syllabus

1. Macroeconomics of shipping (market organisation, economic variables, shipping demand & supply, macroeconomics), 2. Microeconomics of shipping (market competition, pricing, economic regulation, market efficiency, microeconomics), 3. Transport Economics (transport modes, sector competition, service organisation), 4. Environment and Society (external costs, labour, CBA, CSR), 5. Technology and Innovation (shipping innovations, market changes, shipping technologies), 6. Economic impact of companies’ strategy (competition authorities, economic regulation, market efficiency)

This module will include preschool reading, a preschool zero weighted pass/fail formative assignment, an intensive school (five days), and an end of week in-class examination.

Learning Outcomes

Intended Knowledge Outcomes

On completion of this module students will be able to demonstrate knowledge and understanding of the following:

IKO1. Key economics principles

IKO2 How these economics principles are applied to the maritime sector

IKO3 How economics principles help explain market structures and competition

Intended Skill Outcomes

On completing the module students will be able to develop the following subject specific skills:

ISO1. Application of economic evaluation principles to the maritime sector

Teaching Methods

Teaching Activities
Category Activity Number Length Student Hours Comment
Guided Independent StudyAssessment preparation and completion112:0012:00Exam preparation
Scheduled Learning And Teaching ActivitiesLecture112:0022:00Intensive School - Present-in-person
Guided Independent StudyAssessment preparation and completion120:0020:00Preparing, researching and assimilation of preschool zero weighted pass/fail formative assignment
Guided Independent StudyAssessment preparation and completion12:002:00Exam in Intensive School
Guided Independent StudyIndependent study144:0044:00General revision, reading and consolidating of lecture notes
Total100:00
Jointly Taught With
Code Title
MAR8029Maritime Economics
Teaching Rationale And Relationship

The lectures are designed to assist students in the acquisition of a knowledge base that will facilitate understanding of economics principles and their application to the maritime sector (IKO1-3).

Independent study involves:

Reading and consolidation of lecture notes

Consulting references from reading lists

Accessing market reports and statistical sources

Preparing a written report on a relevant maritime economics topic (ISO1).

Reading Lists

Assessment Methods

The format of resits will be determined by the Board of Examiners

Exams
Description Length Semester When Set Percentage Comment
Written Examination902M100In-class examination at the end of block teaching.
Zero Weighted Pass/Fail Assessments
Description When Set Comment
Written exerciseMStudents must pass the pre-school formative assignment
Assessment Rationale And Relationship

The examination provides students with an opportunity to demonstrate knowledge, understanding and the possession of subject-specific, cognitive and key skills in relation to the subject matter. The medium also allows students to demonstrate intended learning outcomes across a wide range of topics within the syllabus since maritime economics has many dimensions.

The zero-weighted pass/fail formative pre-school coursework assignment provides students with an opportunity to demonstrate written communication skills, research-related skills, IT skills and depth of understanding (and associated cognitive skills).

Timetable

Past Exam Papers

General Notes

N/A

Welcome to Newcastle University Module Catalogue

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Disclaimer

The information contained within the Module Catalogue relates to the 2023 academic year.

In accordance with University Terms and Conditions, the University makes all reasonable efforts to deliver the modules as described.

Modules may be amended on an annual basis to take account of changing staff expertise, developments in the discipline, the requirements of external bodies and partners, and student feedback. Module information for the 2024/25 entry will be published here in early-April 2024. Queries about information in the Module Catalogue should in the first instance be addressed to your School Office.