English   Danish

2022/2023  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
Start time of the course 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
  • Michele Acciaro - Department of Strategy and Innovation (SI)
Main academic disciplines
  • Economics
Teaching methods
  • Blended learning
Last updated on 26-08-2022

Relevant links

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 exam
Duration 20 min. per student, including examiners' discussion of grade, and informing plus explaining the grade
Preparation time With the listed preparation time: 20 Minutes
Grading scale 7-point grading scale
Examiner(s) Internal examiner and external examiner
Exam period Autumn
Aids Closed book
The student is only allowed to bring simple writing and drawing utensils (non-digital) to the preparation room. Students are not allowed to communicate with others during the preparation time.
Make-up exam/re-exam
Same examination form as the ordinary exam
Description of the exam procedure

At the oral exam, students shall discuss one topic and one question, both of which will be related to the course syllabus. Students have approximately 20 minutes in the invigilation room to prepare for the oral exam. 

Before the examiner admits students into the invigilation room, he/she will ask students to randomly select two pieces of papers. The first piece of paper will contain a unique exam question, and the second piece of paper will list five exam topics. From the list of topics, students may freely select one topic to focus at the oral exam.

Course content, structure and pedagogical approach

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
Description of the 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.

Quizz and several Panaopto videos regarding key course concepts will be used.
Feedback during the teaching period
Voluntary: Students will submit two written home assignments and receive oral and written feedback in class. The first assignment, which will be a group assignment (2-4 students), The second one, which will be individual,
Student workload
Lectures on campus 31 hours
lectures online 11 hours
Exam+ preparation 37 hours
course Preparation 140 hours
Expected literature

Stopford, Martin (2009), Maritime Economics, 3rd edition, London, Routledge

Last updated on 26-08-2022