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2014/2015  BA-BISHO1001U  Introduction to Maritime Economics

English Title
Introduction to Maritime Economics

Course information

Language English
Course ECTS 7.5 ECTS
Type Mandatory
Level Bachelor
Duration One Quarter
Course period Autumn, First Quarter
Timetable Course schedule will be posted at calendar.cbs.dk
Study board
Study Board for BSc in International Shipping and Trade
Course coordinator
  • René Taudal Poulsen - Department of Innovation and Organizational Economics (INO)
Co-teacher is Stig Tenold, NHH
Main academic disciplines
  • Economics, macro economics and managerial economics
Last updated on 17-07-2014
Learning objectives
At the end of the course students should be able to:
  • 1. Discuss how shipping is related to international trade and how international trade affects shipping
  • 2. Identify drivers of demand and supply in the main shipping markets
  • 3. Introduce theories and models from micro- and macroeconomics to the study of shipping markets
  • 4. Identify and critically assess factors which determine business opportunities in international shipping
Introduction to Maritime Economics:
Exam ECTS 7,5
Examination form Oral Exam
Individual or group exam Individual
Duration 20 min. per student, including examiners' discussion of grade, and informing plus explaining the grade
Preparation time With the listed preparation time: 40 Minutes
Grading scale 7-step scale
Examiner(s) Internal examiner and external examiner
Exam period October and Autumn Term, The regular examination will take place in October. The make-up and retake examination will take place in January.
Aids allowed to bring to the exam All written and electronic aids
Make-up exam/re-exam
Same examination form as the ordinary exam
Description of the exam procedure
The exam is based on questions prepared by the examiner. Students draw a number and is given a set question. In addition the student is to choose one topic from a given list of topics. Students are to prepare two questions in total, one randomly chosen and one of own choice.

At the oral exam the examiner and the external examiner might also choose to ask questions relating to case group work as part of curricula.
Course content and structure
The course introduces students to the economics and management of international shipping. The overall aim of the course is to give students knowledge about shipping markets and shipping’s relationship to global trade.
The course focuses on recent developments and future challenges in international shipping and introduces theories from micro- and macroeconomics to the study of shipping markets.
The course enables students to identify and critically assess factors which determine business opportunities in international shipping.
Structure and key topics:
  1. Shipping and global trade
  2. The four shipping markets
  3. Shipping cycles and forecasting
  4. Economics of dry bulk shipping
  5. Economics of tanker shipping
  6. Economics of liner shipping
  7. Maritime finance and risk management
  8. Regulatory framework for international shipping
  9. National shipping policies
  10. Outsourcing and ship management
  11. Quality shipping
  12. Green shipping
Teaching methods
Lectures as well as group works.

During the course groups of students (two to four persons) will work with shipping company cases. The groups will write an essay based on their respective cases and present it in class.
Student workload
Lectures 42 hours
Preparations 163 hours
Exam 1 hours
Expected literature
Stopford, Martin (2009), Maritime Economics, 3rd edition, London, Routledge
Last updated on 17-07-2014