Economics of International Shipping (20 credits)
Course Schedule
This course runs every Wednesday for 15 weeks from 10am - 12pm. The terms dates are from 11th January to 28th March 2012, there is then a break for Easter and classes resume from 25th April to 9th May 2012.
Course Content
This course concentrates on providing a comprehensive understanding of every aspect of the economics in 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 market pricing, finance 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.
Subject areas include:
- The Economics of International Trade
- Commodity Trading and Demand for Shipping Transport
- The Shipping Market Structure
- The Shipping Supply Mechanism
- The Bulk Carrier Freight Market
- Shipping Contracts, Cost, Revenues and Financial Performance
- Marine Forecasting
- The Economics of Shipbuilding and Scrapping
Course Format
This course is taught in a two hour session once a week for 14 weeks in the Old Royal Naval College, Greenwich, UK. The classes are taught in small groups with students registered on the MA International Maritime Policy and MBA Maritime Management degree programmes.
Assessment Option
This course is equivalent to 20 credits at postgraduate level if the assessment of one 4,000 word essay is successfully completed by the submission deadline set. Any credits accumulated may then be put towards the full MA International Maritime Policy or MBA Maritime Management if the student wishes to apply to continue their studies with the GMI.
The assessment is not compulsory for those wishing to to attend the course for leisure.
Fee
The tuition fee for this 15 week course is £433.33 for UK and EU applicants, £1,038.89 for International applicants.(Note: These are the 2010 fees, the 2011 fees will be published shortly)
Entry Requirements
Applicants are expected to have:
- A good honours degree or equivalent qualification AND/OR
- Relevant personal or professional experience acceptable to the Director.
How to Apply
Please complete an online application form. The programme code is P10291 and the programme title, Postgraduate Credit Associate - Greenwich Maritime Institute. Please specify in the personal statement section that you are applying for the 'Economics of International Shipping' course.