LEARNING OUTCOMES

The course provides the specificities of the sector and the contribution provided to the general economic theory, the knowledge of the distinctive characteristics of the different modes of maritime transport and the forms of integration and competition, the markets in which the companies operate and the economic policy guidelines that drive International trade and sea transport.

AIMS AND LEARNING OUTCOMES

At the end of the module, students will be able to assess the organisation of different shipping markets.

Moreover, students will be capable of critically discuss main drivers of the sectors, evaluating main patterns and to analyse how external market elements can impact on the industry future.

PREREQUISITES

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TEACHING METHODS

The module will be entirely delivered in English.

Traditional Lectures, seminars, and the discussion of case studies will be used as main teaching approach. In order to better link theoretical knowldge with actual business applications, the module will be characterised by case study assessments, group work, readings, and a mix of both live sessions and pre-recorded material. 

Due to the uncertainties related to the pandemic evolution, the module could be also delivered through pre-recorded materials and online activities, students will be advised on how to deal with this possibility as soon as clear information will be available.

SYLLABUS/CONTENT

Part I: The role of shipping in the international trade

- Derived Demand

- Trade And Shipping

Part II: The demand for shipping

- Liquid Bulk

- Dry Bulk

- General Cargo

- Passengers

Part III: The supply side: tramp and liner shipping

Part IV: Freight rates; Co-operation and competition

Part V: Seaports

Part VI: The Political economy of shipping

- Flags of convenience and International Registers

- Subsidies

- The shipping sector in the national payments balance

RECOMMENDED READING/BIBLIOGRAPHY

Main textbook: M. Stopford. "Maritime Economics"

Further readings will be suggested during the lectures.