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2017/2018  BA-BISHO3002U  Advanced Maritime Economics

English Title
Advanced Maritime Economics

Course information

Language English
Course ECTS 7.5 ECTS
Type Mandatory
Level Bachelor
Duration One Quarter
Start time of the course Second Quarter, Autumn
Timetable Course schedule will be posted at calendar.cbs.dk
Study board
Study Board for BSc in International Shipping and Trade
Course coordinator
  • Martin Jes Iversen - MPP
  • hovedfagansvarlig
    René Taudal Poulsen - Department of Innovation and Organizational Economics (INO)
Main academic disciplines
  • Innovation
  • Strategy
  • Economics
Last updated on 28-06-2017

Relevant links

Learning objectives
To achieve the grade 12, students should meet the following learning objectives with no or only minor mistakes or errors: At the end of the course, the students must be able to:
  • Identify and discuss sources of shipping company competitiveness
  • Apply theories, concepts and models from strategic management, international business, innovation research and corporate finance to the study of shipping company strategy.
  • Analyze developments and emerging issues in international shipping as seen from shipping company and investor perspectives
  • Formulate and critically evaluate investment proposals in international shipping
  • Critically evaluate academic studies within maritime economics
Examination
Advanced Maritime Economics:
Exam ECTS 7,5
Examination form Oral exam based on written product

In order to participate in the oral exam, the written product must be handed in before the oral exam; by the set deadline. The grade is based on an overall assessment of the written product and the individual oral performance.
Individual or group exam Individual oral exam based on written group product
Number of people in the group 4-5
Size of written product Max. 50 pages
Assignment type Project
Duration
Written product to be submitted on specified date and time.
20 min. per student, including examiners' discussion of grade, and informing plus explaining the grade
Grading scale 7-step scale
Examiner(s) Internal examiner and external examiner
Exam period Autumn, The regular examination takes place in December. The make-up and retake examination takes place in January.
Make-up exam/re-exam
Same examination form as the ordinary exam
Re-examination when the regular examination is failed is a 20 minutes individual oral exam based upon the same group project with a 2 pages supplement.

Make-up examination when ill at the oral exam is a 20 minutes individual oral exam based upon the same group project.

Make-up examination when ill during the writing of the project is a 20 minutes individual oral exam based on the new written project to be handed in at a specified time and date.( if you are alone, the max number of pages should be 20)
Course content and structure

The focus of Advanced Maritime Economics is shipping company competitiveness. Applying the analytical lenses of strategic management, international business, corporate finance and innovation theories to the study of shipping company strategy, the course discusses the variety of ways in which shipping companies may gain competitive advantages.

Building on previous courses in the BSc program, Advanced Maritime Economics qualifies students to engage in strategic management processes in shipping companies and prepares them for their subsequent work with their BSc theses. Combining analytical research approaches and practitioner perspectives, the course provides students with broad, critical perspectives on corporate strategy as well as hands-on, strategic management tools.

Students learn how to evaluate and assess academic studies within maritime economics in terms of their quality of theory, methods, data, analysis, and results. Both the academic contribution of selected studies and their broader managerial implications are discussed and evaluated. This prepares students for their subsequent work with their BSc thesis in the spring.

Students also learn how to formulate investment proposals for different types of shipping companies, and evaluate such proposal in the light of shipping risks. Guest lectures by shipping managers illustrate the strategic dilemmas that shipping companies face and the diversity of competitive strategies, shipping companies currently employ.

The specific topics covered by the course include freight market forecasting, corporate finance, cost management, innovation and shipping policy, which are all related to the question of what constitutes a competitive shipping company. In addressing these topics, the course covers the broad spectrum of shipping segments – from dry bulk and tanker shipping over container shipping to specialized shipping – and discusses the causes for strategic variation across segments.

Teaching methods
Lectures, guest lectures, student case work (with e-learning exercises prior to lectures), and student presentations in class.
Feedback during the teaching period
Feedback will be given in class for group work/presentation
Student workload
lecture 36 hours
preparation 164 hours
Further Information

Literature (indicative)

Adland, R., and Herje, C. (2017). Spatial efficiency in the bulk freight market, Maritime Policy & Management, 44(4), 413-425.

Adland, R., Jia, H., and Strandenes, S.P. (2017). Are AIS-based trade volume estimates reliable? The case of crude oil exports, Maritime Policy & Management, 44(X).

Christiansen, M., Fagerholt, K., Nygreen, B., and Ronen, D. (2013). Ship routing and scheduling in the new millennium, European Journal of Operational Research, 228(3), 467-483.

Danish Ship Finance (forthcoming). Shipping Market Review November 2017, Copenhagen: Danish Ship Finance.

Geels, F.W. (2002). Technological transitions as evolutionary reconfiguration processes: a multi-level perspective and a case-study, Rese

Last updated on 28-06-2017