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Module

MAR8029 : Maritime Economics

  • Offered for Year: 2022/23
  • Module Leader(s): Professor D John Mangan
  • Lecturer: Dr Alessio Tei
  • 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
Scheduled Learning And Teaching ActivitiesLecture102:0020:00Present-in-person
Guided Independent StudyAssessment preparation and completion120:0020:00Preparation of pre-school zero weighted pass/fail formative assignment
Guided Independent StudyAssessment preparation and completion124:0024:00Post-school Coursework
Scheduled Learning And Teaching ActivitiesSmall group teaching12:002:00Present-in-person
Guided Independent StudyIndependent study134:0034:00General revision, reading and consolidating of lecture notes
Total100:00
Jointly Taught With
Code Title
MAR8137Maritime 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 paper2M100Assignment to be completed after the block teaching – approx 2000 words
Zero Weighted Pass/Fail Assessments
Description When Set Comment
Written exerciseMStudents 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