Syllabus

Prerequisites

14.01 or permission of instructor.

Textbooks and Readings

There is no required textbook for this course. Students are assigned various readings for each class session.

Assignments

Students are assigned two papers during the term. Associated with the second paper, each student also presents their findings in class during the last two sessions.

Grading Policy


ACTIVITIES PERCENTAGES
Written Assignments 50%
Class Participation 50%

Within the written assignments, the term paper carries twice the weight of the shorter assignment.

Calendar


LEC # TOPICS KEY DATES
Part I. Review of Economic Theory
1 Introduction and Overview
2 Fundamentals of Market Economics: Supply and Demand, Elasticity, etc.
3 Fundamentals of Market Economics (cont.): Common Property Resources, Economic Efficiency, Market Failure, etc.
4

Economics of the Environment

The Time Value of Money

5

Economic Sustainability

Macroeconomics: National Income Accounting

Part II. Applications to Marine Industries
6 Shipping Markets and Cycles Written assignment 1 due
7

Bulk Shipping

LNG Shipping

8 Ship Charter/Purchase Decisions (Guest Lecture by Sydney Levine, Shipping Intelligence Inc.)
9 Shipping and the Environment: Tanker Spills, Right Whales
10

Liner Shipping and Ports

FPSOs, Fast Ferries, Fast Freight Ships

11 Shipping Finance, Risk and Return (Guest Lecture by Kevin Hazel, Marsoft Inc.)
12

Student Presentations

Course Evaluation

13

Student Presentations (cont.)

Course Wrap-up

Written assignment 2 due