Lectures: 2 sessions / week for eight weeks, 1.5 hours / session
14.01 or permission of instructor.
There is no required textbook for this course. Students are assigned various readings for each class session.
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.
Within the written assignments, the term paper carries twice the weight of the shorter assignment.
|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.|
Economics of the Environment
The Time Value of Money
Macroeconomics: National Income Accounting
|Part II. Applications to Marine Industries|
|6||Shipping Markets and Cycles||Written assignment 1 due|
|8||Ship Charter/Purchase Decisions (Guest Lecture by Sydney Levine, Shipping Intelligence Inc.)|
|9||Shipping and the Environment: Tanker Spills, Right Whales|
Liner Shipping and Ports
FPSOs, Fast Ferries, Fast Freight Ships
|11||Shipping Finance, Risk and Return (Guest Lecture by Kevin Hazel, Marsoft Inc.)|
Student Presentations (cont.)
|Written assignment 2 due|