SOM001 – Maritime Economics
Master of Science in Shipping Operations and Management
Core Course
SOM001 – Maritime Economics
Course Unit Code: SOM001
Type Of Unit: Core
Level of Course Unit: 2nd cycle
Year of Study: N/A
Semester: Spring / winter
Number of ECTS Credits: 10
Class Contact Hours: Attendance of 3 hours of online live sessions of lectures and Q&A per week plus weekly self-study, assignments and/or exams
Mode of Delivery
Distance Learning
Prerequisites
None
Course Objectives
The aim of this course is to provide the participants with a good understanding of maritime and shipping economics by addressing relevant concepts pertaining to the demand and supply in international trade and shipping, ship economics, and the economics of specialized shipping markets.
Learning Outcomes
- Analyze demand and supply fundamentals and comprehend the key factors contributing to the formulation and behavior of freight rates.
- Address shipping market fundamentals by applying macroeconomic and microeconomic approaches.
- Know and comprehend the key costs associated with management and operation of ships in tramp and liner markets and the importance of economies of scale in shipping.
Course Content
Course Features
Planned learning activities and teaching methods
Pre-recorded audiovisual lectures
Exercises
Assignments
Extensive readings of the international literature
Live sessions
Assessment methods and criteria
30% Two assignments
70% Final examination
Language of Instruction
English
Readings
Main Book
1. Stopford, M. Maritime Economics, 3rd ed. London: Routledge
Other relevant reading
2, Cullinane, K.P.B. (ed) (2011), International Handbook of Maritime Economics, UK: Edward Elgar Publishing.
3. Grammenos, C. Th. (ed) (2010), The Handbook of Maritime Economics and Business, London: LLP Limited.
4. Panayides, Ph. (2018), Principles of Chartering, 3rd edition, Create Space: USA (available from www.amazon.com)
5. Talley, W.K. (ed) (2012), The Blackwell Companion to Maritime Economics, London: Blackwell Publishing.
English (UK) 
Ελληνικά