Course Meeting Times
Lectures: 2 sessions / week for eight weeks, 1.5 hours / session
Prerequisites
14.01 or permission of instructor.
Textbooks and Readings
There is no required textbook for this course. Students are assigned various readings for each class session.
Assignments
Students are assigned two papers during the term. Associated with the second paper, each student also presents their findings in class during the last two sessions.
Grading Policy
| ACTIVITIES | PERCENTAGES |
|---|---|
| Written Assignments | 50% |
| Class Participation | 50% |
Within the written assignments, the term paper carries twice the weight of the shorter assignment.
Calendar
| LEC # | TOPICS | KEY DATES |
|---|---|---|
| Part I. Review of Economic Theory | ||
| 1 | Introduction and Overview | |
| 2 | Fundamentals of Market Economics: Supply and Demand, Elasticity, etc. | |
| 3 | Fundamentals of Market Economics (cont.): Common Property Resources, Economic Efficiency, Market Failure, etc. | |
| 4 |
Economics of the Environment The Time Value of Money |
|
| 5 |
Economic Sustainability Macroeconomics: National Income Accounting |
|
| Part II. Applications to Marine Industries | ||
| 6 | Shipping Markets and Cycles | Written assignment 1 due |
| 7 |
Bulk Shipping LNG Shipping |
|
| 8 | Ship Charter/Purchase Decisions (Guest Lecture by Sydney Levine, Shipping Intelligence Inc.) | |
| 9 | Shipping and the Environment: Tanker Spills, Right Whales | |
| 10 |
Liner Shipping and Ports FPSOs, Fast Ferries, Fast Freight Ships |
|
| 11 | Shipping Finance, Risk and Return (Guest Lecture by Kevin Hazel, Marsoft Inc.) | |
| 12 |
Student Presentations Course Evaluation |
|
| 13 |
Student Presentations (cont.) Course Wrap-up |
Written assignment 2 due |