MAR8029 : Marine Transport and Economics
- Offered for Year: 2019/20
- Module Leader(s): Dr Paul Stott
- Owning School: Engineering
- Teaching Location: Newcastle City Campus
|Semester 2 Credit Value:||10|
A1. To understand the technical and economic factors which influence the efficient operation of freight shipping.
Outline Of Syllabus
Trade and markets: major trade routes and cargo flows. Fleet and other statistics. Ship types and productivity. Role of freight markets. Operating costs. Analysis of freight rates. matching supply and demand. System operation: unitised and bulk transport systems. Closed, semi-closed and open systems. Competition with other modes. Obsolescence, sale and purchase and replacement of ships. Economics: elements of revenue and expenditure. Discounted cash flow calculations. Budgeting and financial performance. Sources of capital. Rates of return and profitability in shipping.
|Guided Independent Study||Assessment preparation and completion||1||18:00||18:00||Coursework|
|Guided Independent Study||Assessment preparation and completion||1||2:00||2:00||Examination|
|Guided Independent Study||Assessment preparation and completion||1||12:00||12:00||Examination Revision|
|Scheduled Learning And Teaching Activities||Lecture||12||2:00||24:00||Including tutorials|
|Guided Independent Study||Directed research and reading||1||41:00||41:00||N/A|
|Scheduled Learning And Teaching Activities||Small group teaching||3||1:00||3:00||Seminar|
Teaching Rationale And Relationship
The lectures are designed to assist students in the acquisition of a knowledge base that will facilitate understanding of marine transport vessels, fleets and markets (IKO1-4).
The seminars are discussion periods to explore current issues in greater depth.
Independent study involves:
1. consulting references from reading lists
2. accessing market reports and statistical sources
3. preparing a written report on a relevant marine transport topic
The format of resits will be determined by the Board of Examiners
|Research paper||2||M||30||Approx 15 hours|
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 an international market. The medium also allows students to demonstrate intended learning outcomes across a wide range of topics within the syllabus since marine transport has many dimensions.
The coursework provides students with an opportunity to demonstrate written communication skills, research-related skills, IT skills and depth of understanding (and associated cognitive skills).
The Graduate Skills Framework entries indicated as 'A' are also assessed in this way.