Information Package / Course Catalogue
| Course Code | : ULT208 |
| Course Type | : Area Elective |
| Couse Group | : First Cycle (Bachelor's Degree) |
| Education Language | : Turkish |
| Work Placement | : N/A |
| Theory | : 3 |
| Prt. | : 0 |
| Credit | : 3 |
| Lab | : 0 |
| ECTS | : 6 |
The objective of this course is to convey the fundamental principles of global maritime economics, the operational mechanisms of shipping markets, and freight pricing theories to students. Within the scope of the course, it aims to examine the balance of supply and demand in maritime transport, shipping market cycles, vessel and voyage costing (including the Worldscale system), freight exchanges, ship finance, and sectoral macroeconomic dynamics from an analytical perspective.
The content of the course encompasses the economic organization of maritime markets, supply-demand dynamics in maritime transportation, and the cyclical nature of the shipping industry. Within this framework, decisions on optimum vessel speed and size, voyage costing methods, the Worldscale structure, cost-revenue balance, and financial performance analysis are addressed. Additionally, the operation of freight exchanges, market structures of liner and tramp shipping, and financing methods for vessels and shipping companies are examined through current case studies.
| 1. | To gain the ability to analyze the shipping business mechanism. |
| 2. | To learn the steps necessary in modeling the maritime concerns especially in evaluating the related problems. |
| 3. | To gain the ability to analyze the demand and supply of sea transport. |
| 4. | Understanding the formation of freight rates in scheduled shipping |
| 5. | To establish the connection between ship size and costs in scheduled sea transportation |
| 1. | Maritime Economics, Martin Stopford, 3rd Edition, London, Routledge, 2009 |
| 2. | Gazioğlu, Ş., & Öztürk, İ. (2020). Deniz ekonomisi: Teori ve uygulamalar. Ekin Basım Yayın. |
| Type of Assessment | Count | Percent |
|---|---|---|
| Assignment | 2 | %2 |
| Midterm Examination | 1 | %38 |
| Final Examination | 1 | %60 |
| Activities | Count | Preparation | Time | Total Work Load (hours) |
|---|---|---|---|---|
| Lecture - Theory | 13 | 0 | 3 | 39 |
| Assignment | 2 | 2 | 0 | 4 |
| Individual Work | 13 | 0 | 4 | 52 |
| Midterm Examination | 1 | 27 | 1 | 28 |
| Final Examination | 1 | 31 | 1 | 32 |
| TOTAL WORKLOAD (hours) | 155 | |||
PÇ-1 | PÇ-2 | PÇ-3 | PÇ-4 | PÇ-5 | PÇ-6 | PÇ-7 | PÇ-8 | |
OÇ-1 | 3 | 3 | 3 | 1 | 2 | 3 | 2 | 4 |
OÇ-2 | 4 | 3 | 4 | 3 | 4 | 3 | 3 | 4 |
OÇ-3 | 3 | 4 | 4 | 4 | 5 | 3 | 4 | 4 |
OÇ-4 | 4 | 3 | 2 | 3 | 4 | 3 | 4 | 3 |
OÇ-5 | 4 | 3 | 5 | 4 | 3 | 2 | 4 | 3 |