MAR8029 : 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 | |
Aims
A1. 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)
Teaching Methods
Teaching Activities
| Category | Activity | Number | Length | Student Hours | Comment |
|---|---|---|---|---|---|
| Scheduled Learning And Teaching Activities | Lecture | 8 | 3:00 | 24:00 | Lecture |
| Guided Independent Study | Assessment preparation and completion | 1 | 1:30 | 1:30 | 1.5 hour in-class written exam at the end of the block teaching week. |
| Guided Independent Study | Assessment preparation and completion | 1 | 17:30 | 17:30 | Exam preparation. |
| Scheduled Learning And Teaching Activities | Small group teaching | 1 | 3:00 | 3:00 | Group Teaching |
| Guided Independent Study | Independent study | 1 | 26:00 | 26:00 | General revision, reading and post module consolidation of lecture notes |
| Guided Independent Study | Independent study | 1 | 28:00 | 28:00 | Pre-reading prior to module teaching and formative report |
| Total | 100:00 |
Jointly Taught With
| Code | Title |
|---|---|
| MAR8137 | Maritime Economics |
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:
1. Reading and consolidation of lecture notes
2. consulting references from reading lists
3. accessing market reports and statistical sources
4. preparing a written report on a relevant maritime economics topic (ISO1).
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 | 90 minute in-class written exam at the end of the block teaching week. |
Formative Assessments
Formative Assessment is an assessment which develops your skills in being assessed, allows for you to receive feedback, and prepares you for being assessed. However, it does not count to your final mark.
| Description | Semester | When Set | Comment |
|---|---|---|---|
| Report | 2 | M | Formative report based on pre-module reading. Max 300 words. |
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 formative assessment ensures that students become familiar with core concepts and topics in maritime economics prior to the module starting and thus ensuring that they can maximise their learning during the block teaching week.
Reading Lists
Timetable
- Timetable Website: www.ncl.ac.uk/timetable/
- MAR8029's Timetable