MAR8137 : Maritime Economics
MAR8137 : Maritime Economics
- Offered for Year: 2024/25
- Module Leader(s): Professor D John Mangan
- Lecturer: Dr Alessio Tei
- Owning School: Engineering
- Teaching Location: Newcastle City Campus
Semesters
Your programme is made up of credits, the total differs on programme to programme.
| Semester 2 Credit Value: | 10 |
| ECTS Credits: | 5.0 |
| European Credit Transfer System | |
Pre-requisite
Modules you must have done previously to study this module
Pre Requisite Comment
NONE
Co-Requisite
Modules you need to take at the same time
Co Requisite Comment
NONE
Aims
To gain an understanding of economics principles and as applied to the maritime sector.
Outline Of Syllabus
1. Macroeconomics of shipping (market organisation, economic variables, shipping demand & supply, macroeconomics),
2. Microeconomics of shipping (market competition, pricing, economic regulation, market efficiency, microeconomics),
3. Transport Economics (transport modes, sector competition, service organisation),
4. Environment and Society (external costs, labour, CBA, CSR),
5. Technology and Innovation (shipping innovations, market changes, shipping technologies),
6. Economic impact of companies’ strategy (competition authorities, economic regulation, market efficiency)
This module will include preschool reading, a preschool zero weighted pass/fail formative assignment, an intensive school (five days), and an end of week in-class examination.
Learning Outcomes
Intended Knowledge Outcomes
On completion of this module students will be able to demonstrate knowledge and understanding of the following:
IKO1. Key economics principles (M2)
IKO2 How these economics principles are applied to the maritime sector (M3)
IKO3 How economics principles help explain market structures and competition (M5)
Intended Skill Outcomes
On completing the module students will be able to develop the following subject specific skills:
ISO1. Application of economic evaluation principles to the maritime sector (M1)
Teaching Methods
Teaching Activities
| Category | Activity | Number | Length | Student Hours | Comment |
|---|---|---|---|---|---|
| Guided Independent Study | Assessment preparation and completion | 1 | 12:00 | 12:00 | Exam preparation |
| Scheduled Learning And Teaching Activities | Lecture | 11 | 2:00 | 22:00 | Intensive School |
| Guided Independent Study | Assessment preparation and completion | 1 | 20:00 | 20:00 | Preparing, researching and assimilation of preschool zero weighted pass/fail formative assignment |
| Guided Independent Study | Assessment preparation and completion | 1 | 2:00 | 2:00 | Exam in Intensive School |
| Guided Independent Study | Independent study | 1 | 44:00 | 44:00 | General revision, reading and consolidating of lecture notes |
| Total | 100:00 |
Teaching Rationale And Relationship
The lectures are designed to assist students in the acquisition of a knowledge base that will facilitate understanding of economics principles and their application to the maritime sector (IKO1-3).
Independent study involves:
Reading and consolidation of lecture notes
Consulting references from reading lists
Accessing market reports and statistical sources
Preparing a written report on a relevant maritime economics topic (ISO1).
Reading Lists
Assessment Methods
The format of resits will be determined by the Board of Examiners
Exams
| Description | Length | Semester | When Set | Percentage | Comment |
|---|---|---|---|---|---|
| Written Examination | 90 | 2 | M | 100 | In-class examination at the end of block teaching. |
Zero Weighted Pass/Fail Assessments
| Description | When Set | Comment |
|---|---|---|
| Written exercise | M | Students must pass the pre-school formative assignment |
Assessment Rationale And Relationship
The examination provides students with an opportunity to demonstrate knowledge, understanding and the possession of subject-specific, cognitive and key skills in relation to the subject matter. The medium also allows students to demonstrate intended learning outcomes across a wide range of topics within the syllabus since maritime economics has many dimensions.
The zero-weighted pass/fail formative pre-school coursework assignment provides students with an opportunity to demonstrate written communication skills, research-related skills, IT skills and depth of understanding (and associated cognitive skills).
Timetable
- Timetable Website: www.ncl.ac.uk/timetable/
- MAR8137's Timetable
Past Exam Papers
- Exam Papers Online : www.ncl.ac.uk/exam.papers/
- MAR8137's past Exam Papers
General Notes
N/A
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Disclaimer
The information contained within the Module Catalogue relates to the 2024 academic year.
In accordance with University Terms and Conditions, the University makes all reasonable efforts to deliver the modules as described.
Modules may be amended on an annual basis to take account of changing staff expertise, developments in the discipline, the requirements of external bodies and partners, and student feedback. Module information for the 2025/26 entry will be published here in early-April 2025. Queries about information in the Module Catalogue should in the first instance be addressed to your School Office.