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Demostrar capacitat per comunicar de manera fluida en llengua espanyola, catalana i anglesa de forma oral i escrita en l'entorn de la logística i els negocis marítims
Identify the basic economic concepts, as well as the microeconomic and macroeconomic functioning of the markets
Select and use quantitative instruments for decision making and contrasting economic hypotheses
The maritime economy is vital to understanding the industry of the maritime sector. The shipbuilding industry is a reflection of global trade. The more trade increases, the greater the demand for maritime transporte. For this reason the maritime economy is complex as it is interrelated with the overall growth of the economy.
A theoretical and practical analysis of the principles of maritime economics will be seen. The main aspects that will be seen are:
During the course special attention will be paid to:
• At the end of the subject, the student will know the economic factors of maritime transporte that influence the efficient operation of the transporte of goods.
• From a more general point of view, the student will acquire an overview of how ships operate to meet supply and demand and understand the role of markets and competition.
In the master sessions with the whole group, participatory theory sessions will be combined with group work sessions to solve practical cases of the subject and oral presentations by the students. The theoretical exposition will include examples that will help the student to solve exercises autonomously.
This subject has methodological and digital resources to make possible its continuity in non-contact mode in the case of being necessary for reasons related to the Covid-19. In this way, the achievement of the same knowledge and skills that are specified in this teaching plan will be ensured.
The TecnoCampus will make available to teachers and students the digital tools needed to carry out the course, as well as guides and recommendations that facilitate adaptation to the non-contact mode.
UNIT 0: INTRODUCTION TO THE SUBJECT
UNIT 1: THE ECONOMIC AND COMMERCIAL ENVIRONMENT OF THE MARITIME TRANSPORT MARKET
1.1 Economic analysis of the maritime sector
1.2 Analysis of cargoes carried on board ships
UNIT 2: THE ORGANIZATION OF THE MARITIME MARKET
UNIT 3: COMPARISON BETWEEN "BULK" AND "LINER"
UNIT 4: COSTS, INCOME AND CASH FLOW
4.1 Elementary cost classification: Fixed and Variable
4.2 Classification of shipping costs:
4.3 Income: Chartering and its modalities
UNIT 5: FINANCING OF SHIPS AND SHIPPERS
5.1 Credits and their return
5.2 Investment analysis
5.3 Average Value of Capital Costs
5.4 Income Statement, Profits or Losses, Profit Maximization and Cash Flow
5.5 Calculation of the freight per trip
UNIT 6: THE FLEET MARKET: SUPPLY AND DEMAND
6.1 Market. Introduction to the 4 markets.
6.2 Structure of the freight market
6.3 The regular online freight market
UNIT 7: THE NEW CONSTRUCTION MARKET, SECOND HAND AND SCRAP
7.1 The new construction market
7.2 The second hand market or buying and selling
7.3 The scrapping market
UNIT 8: TRENDS AND DEVELOPMENTS IN MARITIME TRANSPORT
8.1 Forecasting and statistics
8.2 Ship and operation design economics
8.3 Impact on demand for environmental concerns
Group work and oral presentation: A work of 3 to 5 pages must be submitted. A list of specific topics will be circulated for your choice. Topics suggested by students are also accepted upon acceptance by the teacher. The work must be in English. Any text that is not written by oneself must be properly referenced, the work must be free of plagiarism.
Continuous Evaluation Activity: Final activity of each unit
Online test: Online test to be performed after each unit
Final exam 50%: The exam lasts 2 hours. The minimum grade to average with the other parts assessments is 5/10.
Group work and oral presentation: 15%
Continuous Evaluation 35%:
Participation in the activities proposed in the classroom and attendance: 10%
Completion of the online test for each unit: 10%
Final activity of each unit: 15%
PALAU, Enric. Maritime Economy. Keys to Naval Trade, ISBN-13: 978-1515214557; ISBN-10: 1515214559; Publisher: Createspace Independent Publishing Platform; Edition: 1 (March 1, 2015); Soft cover: 216 pages.
Stopford, Martin. Maritime economics. 3rd ed. London: Routledge, 2009. ISBN 9780415275583
Economy of the Maritime Sector. First edition. Madrid: Spanish Maritime Institute, 2010. ISBN 9788481987904.
Economics of Transport and International Trade 2013 Edition, Institute of Chartered Shipbrokers, ISBN 978-1-908833-18-1
GRAMMENOS, Costes Th, The handbook of maritime economics and business, 2nd ed, London: Lloyd's List, 2010. ISBN 978 1 84.311 880 0