Course unit title

Maritime Economics

Course unit code

EKP 622

Type of course unit (compulsory, optional)

Optional

Level of course unit (according to

EQF: first cycle Bachelor, second cycle Master)

Second cycle Master

Year of study when the course unit is delivered

(if applicable)

Year 1

Semester/trimester when the course unit is delivered

Semester 2

Number of ECTS credits allocated

4.8 ects

Name of lecturer(s)

1.Bambang Eko Afiatno, Ph.D.

2. Prof. Dr. Tri Achmadi

Learning outcomes of the course unit

After taking this course students are able to:

  1. Mastering certain fields of maritime economics which are supported by other fields of economics according to learning interests.
  2. Accommodate the development of knowledge, information, and technology in theory and practice in the field of maritime economics to produce innovative works;
  3. 3. solve problems in the maritime economic field and formulate relevant policy alternatives using an inter or multidisciplinary approach

Mode of delivery (face-to-face, distance learning)

- Face to face (offline) using LCD, White Board, problem set, and or 

- Distance learning (online)

Prerequisites and co-requisites (if applicable)

No

Course content

The course content focuse on the maritime economics and maritime industry, with a combination of historical and geographical approaches. The topics such as an introduction to history of development of international trade and shipping from the 18th century to the present; shipping market analysis; market structure and factors, dynamics market in maritime economics perspective, demand and profitability in short-term and long-term perspectives; major shipping and offshore markets. Other topics are economic theory of the division of labor and international trade - from Ricardo to new economic geography; industrial cluster theory and location competition between countries.

Recommended or required

reading and other learning resources/tools

1. Stopford, M. 2009. Maritime economics. 3rd Ed. Routledge. Tayler & Francis Group


2. Talley, W. K. 2009. Port economics. Routledge. Tayler & Francis Group


3. Cullinane, K. (Eds.). 2011. International Handbook of Maritime Economics. Edward-Elgar.


4. Talley, K.W. 2012. The Blackwell Companion to Maritime Economics. Wiley-Blackwell


5. Grammenos, C. Th. 2013. Handbook of Maritime Economics and Business. 2nd Ed. Taylor & Francis eBook

Planned learning activities and teaching methods

Teaching (Classical Method), Presentation, Discussion, and case-based method

Language of instruction

In Bahasa (Indonesian Language) and English

Assessment methods and criteria

- Mid Exam (15%)

- Final Exam (15%)

- Task of Problem set (70%)