Economics of Marine Transportation Industries

Readings

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