MAR8029 : Maritime Economics
- Offered for Year: 2022/23
- Module Leader(s):
- Owning School: Engineering
- Teaching Location: Newcastle City Campus
Semesters
| Semester 2 Credit Value: | 10 |
| ECTS Credits: | 5.0 |
Aims
A1. 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)
Teaching Methods
Teaching Activities
| Category | Activity | Number | Length | Student Hours | Comment |
|---|---|---|---|---|---|
| Guided Independent Study | Assessment preparation and completion | 1 | 24:00 | 24:00 | Post-school Coursework |
| Guided Independent Study | Assessment preparation and completion | 1 | 20:00 | 20:00 | Preparation of pre-school zero weighted pass/fail formative assignment |
| Scheduled Learning And Teaching Activities | Lecture | 10 | 2:00 | 20:00 | Present-in-person |
| Scheduled Learning And Teaching Activities | Small group teaching | 1 | 2:00 | 2:00 | Present-in-person |
| Guided Independent Study | Independent study | 1 | 34:00 | 34:00 | General revision, reading and consolidating of lecture notes |
| Total | 100:00 |
Jointly Taught With
| Code | Title |
|---|---|
| MAR8137 | Maritime 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:
1. Reading and consolidation of lecture notes
2. consulting references from reading lists
3. accessing market reports and statistical sources
4. preparing a written report on a relevant maritime economics topic (ISO1).
Should the public health situation require it, the present-in-person teaching activities will be replaced by synchronous online sessions.
Assessment Methods
The format of resits will be determined by the Board of Examiners
Other Assessment
| Description | Semester | When Set | Percentage | Comment |
|---|---|---|---|---|
| Research paper | 2 | M | 100 | Assignment to be completed after the block teaching – approx 2000 words |
Zero Weighted Pass/Fail Assessments
| Description | When Set | Comment |
|---|---|---|
| Written exercise | M | Students must pass the pre-school formative written assignment |
Assessment Rationale And Relationship
The pre-school zero weighted pass/fail assignment and in turn the post-school summative assignment provide 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.
They also provide students with an opportunity to demonstrate written communication skills, research-related skills, IT skills and depth of understanding (and associated cognitive skills).
Reading Lists
Timetable
- Timetable Website: www.ncl.ac.uk/timetable/
- MAR8029's Timetable