Pages
This page presents the assignments for the class, plus examples of student work. (Courtesy of the authors and used with permission.)
Assignment 1: Aquaculture Business Plan Analysis
Assignment 1 Description (PDF)
Student Work
Business Plan Analysis by Nicholas Hadjiyiannas (PDF)
Assignment 2: Research Paper and Presentation
Assignment 2 Description (PDF)
Student Work
“The Panama Canal Expansion Plan and its Effect On the Intermodal U.S. Mini-Landbridge Service,” by Peter Bryn: Paper (PDF), Slides (PDF - 1.2 MB)
This page presents a selection of lecture slides and notes used in the class.
LEC # | TOPICS |
---|---|
Part I. Review of Economic Theory | |
1 | Introduction and Overview |
2 | Fundamentals of Market Economics: Supply and Demand, Elasticity, etc. (PDF) |
3 | Fundamentals of Market Economics (cont.): Common Property Resources, Economic Efficiency, Market Failure, etc. |
4 |
Economics of the Environment (PDF) The Time Value of Money (PDF) |
5 |
Economic Sustainability Macroeconomics: National Income Accounting (PDF) |
Part II. Applications to Marine Industries | |
6 | Shipping Markets and Cycles |
7 |
Bulk Shipping LNG Shipping (PDF) |
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 (PDF) |
11 | Shipping Finance, Risk and Return (Guest Lecture by Kevin Hazel, Marsoft Inc. Files Courtesy of Marsoft. Used with Permission.) (PDF 1) (PDF 2) |
12 |
Student Presentations Course Evaluation |
13 |
Student Presentations (cont.) Course Wrap-up |
LEC # | TOPICS | READINGS |
---|---|---|
Part I. Review of Economic Theory | ||
1 | Introduction and Overview | |
2 | Samuelson, P. A., and W. D. Nordhaus. Economics. 18th ed. Columbus, OH: McGraw-Hill, 2004, chapters 1-4. ISBN: 9780072872057. | |
3 | Fundamentals of Market Economics: Common Property Resources, Economic Efficiency, Market Failure, etc. | Samuelson, P. A., and W. D. Nordhaus. Economics. 18th ed. Columbus, OH: McGraw-Hill, 2004, chapters 18, 19, and 21-23. ISBN: 9780072872057. |
4 |
Economics of the Environment The Time Value of Money |
Tietenberg, T. H. “Economics of the Environment - An Overview” and “Property Rights, Externalities and Environmental Problems.” Environmental and Natural Resource Economics. 3rd ed. Boston, MA: HarperCollins, 1992, chapters 2 and 3. ISBN: 9780673463289. Schleifer, Arthur, Jr. “Calculating Net Present Values and Accumulations of Cash-Flow Streams.” Harvard Business School Note 180-026. Boston, MA: HBS Case Services, 1979. |
5 |
Economic Sustainability Macroeconomics: National Income Accounting |
Daly, H. E. Beyond Growth. Boston MA: Beacon Press, 1997, chapters 6 and 7. ISBN: 9780807047095. Bureau of Economic Analysis, U.S. Department of Commerce. “Integrated Economic and Environmental Satellite Accounts.” April 1994. |
Part II. Applications to Marine Industries | ||
6 | Shipping Markets and Cycles | Kite-Powell, H. L. “Marine policy: shipping and ports.” In Encyclopedia of Ocean Sciences. Edited by J. Steele, S. Thorpe, and K. Turekian. London, UK: Academic Press, 2001, pp. 2768-2776. ISBN: 9780122274305. |
7 |
Bulk Shipping LNG Shipping |
Jin, D. “Supply and Demand of New Oil Tankers.” Marit Pol Mgmt 20, no. 3 (2003): 215-27. |
8 | Ship Charter/Purchase Decisions (Guest Lecture by Sydney Levine, Shipping Intelligence Inc.) | |
9 | Shipping and the Environment: Tanker Spills, Right Whales | Committee on Oil Pollution Act of 1990 (Section 4115) Implementation Review, National Research Council. Double-Hull Tanker Legislation: An Assessment of the Oil Pollution Act of 1990. Washington, DC: The National Academies Press, 1997. ISBN: 9780309063708. |
10 |
Liner Shipping and Ports FPSOs, Fast Ferries, Fast Freight Ships |
Marcus, H. S. “Interrelationship Between Strategy and Technology in the International Liner Market.” Mar Pol Rep 1 (1989): 207-215. |
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 |
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 |