LAW3005 Maritime EconomicsBahçeşehir UniversityDegree Programs ECONOMICS AND FINANCEGeneral Information For StudentsDiploma SupplementErasmus Policy StatementNational QualificationsBologna Commission
ECONOMICS AND FINANCE
Bachelor TR-NQF-HE: Level 6 QF-EHEA: First Cycle EQF-LLL: Level 6

Course Introduction and Application Information

Course Code Course Name Semester Theoretical Practical Credit ECTS
LAW3005 Maritime Economics Spring 0 2 1 4
This catalog is for information purposes. Course status is determined by the relevant department at the beginning of semester.

Basic information

Language of instruction: English
Type of course: Non-Departmental Elective
Course Level: Bachelor’s Degree (First Cycle)
Mode of Delivery: Face to face
Course Coordinator : Prof. Dr. ERTAN DEMİRKAPI
Course Lecturer(s): Instructor İLKER KADRİ BAŞARAN
Prof. Dr. AYŞE NUHOĞLU
Course Objectives: Almost 90 percent of the world transportation is conducted through marine transportation. Therefore, shipping is vital for the sustainability of the world. But most of us have very little knowledge about the sector. With this course, we will get into details of the Shipping sector, its socio-economic structure and impac on world economy.

Learning Outcomes

The students who have succeeded in this course;
The students who have succeeded in this course;
1) will have general knowledge about the most important sector in internationl transportation
2) will know the historical development of the shipping
3) will know the shipping actors in world stage
4) will know the financial aspect of this vital sector
5) will know the financial impact this sector has in world economy
6) will know the share that the Turkey has in this sector

Course Content

The role of the shipping in the international transportation, the players of this sector, financial dimensions of the ship, competition between states and the situation of our country.

Weekly Detailed Course Contents

Week Subject Related Preparation
1) Introduction to the Marine Transportation and Historical Development.
2) The Organisation of the Shipping Market
3) Shipping Market Cycles
4) Supply, Demand and Freight Rates
5) Financing Ships and Shipping Market
6) Risk, Return and Shipping Company Economics
7) The Transport of Specialized Cargo
8) Midterm
9) The Transport of General Cargo
10) The Economics of Ship Building and Scrapping
11) The Regulatoin of the Maritime Industry
12) Maritime Forcasting and Market Research
13) Geography of Maritime Trade
14) General View of the Turkish Maritine Industry

Sources

Course Notes / Textbooks: Ana kaynak: Martin Stopford, Denizcilik Ekonomisi 3. baski.
Maritin Stopford, Maritime Eonomics.
References: Ders notları
Additional course materials.

Evaluation System

Semester Requirements Number of Activities Level of Contribution
Midterms 1 % 40
Final 1 % 60
Total % 100
PERCENTAGE OF SEMESTER WORK % 40
PERCENTAGE OF FINAL WORK % 60
Total % 100

ECTS / Workload Table

Activities Number of Activities Duration (Hours) Workload
Course Hours 13 2 26
Study Hours Out of Class 13 5 65
Midterms 1 2 2
Final 1 2 2
Total Workload 95

Contribution of Learning Outcomes to Programme Outcomes

No Effect 1 Lowest 2 Low 3 Average 4 High 5 Highest
           
Program Outcomes Level of Contribution
1) Build up a body of knowledge in mathematics and statistics, to use them, to understand how the mechanism of economy –both at micro and macro levels – works. 3
2) Understand the common as well as distinctive characters of the markets, industries, market regulations and policies. 2
3) Develop an awareness of different approaches to the economic events and why and how those approaches have been formed through the Economic History and understand the differences among those approaches by noticing at what extent they could explain the economic events. 1
4) Analyze the interventions of politics to the economics and vice versa. 3
5) Apply the economic analysis to everyday economic problems and evaluate the policy proposals for those problems by comparing opposite approaches. 2
6) Understand current and new economic events and how the new approaches to the economics are formed and evaluating. 2
7) Develop the communicative skills in order to explain the specific economic issues/events written, spoken and graphical form. 3
8) Know how to formulate the economics problems and issues and define the solutions in a well-formed written form, which includes the hypothesis, literature, methodology and results / empirical evidence. 2
9) Demonstrate the quantitative and qualitative capabilities and provide evidence for the hypotheses and economic arguments. 2
10) Understand the information and changes related to the economy by using a foreign language and communicate with colleagues. 3