Economics of International Shipping
This course will concentrate on providing a comprehensive understanding of every aspect of the economics of the international shipping industry and the economic theory which underpins the economic decisions of industry participants. It aims to familiarise students with those aspects of economic theory which are important for an understanding of how the international shipping industry functions; its markets pricing, financing and operations within the context of fluctuating trade and economic growth; and the tools of analysis which economists use when examining aspects of industry performance. Students will gain knowledge of the international shipping industry that will enable them to appreciate the industry's economic inter-relationships, as well as understanding how economic change impacts upon the industry and its development.