Foundation degrees

Course Information

Maritime Economics and Global Business Management

Module summary

Module code: ECON1149
Level: 7
Credits: 15
School: Engineering and Science
Department: Applied Engineering and Mgt.
Module Coordinator(s): Georgios Kiourktsoglou

Specification

Pre and co requisites

None

Aims

This course is intended to prepare the postgraduate marine professional in his/hers general functions within a ship-management environment, by providing him/her with a broad yet specific knowledge on a variety of maritime economics and global business management and business subjects surrounding the global maritime industry. S/he will develop an in-depth appreciation of how the world markets operate and how specific financial management tools promote success and facilitate growth in this global industry.

Furthermore, successfully completing this course, the student will be able to analyse how the global market has evolved in recent years, the drivers for this change and what effects this has had in the structure and operation of global organisations. Furthermore, the course aims at providing the student with an in-depth understanding of the general issues that guide global industrialisation and economic development thus building their confidence and skills, at a managerial level, and facilitating their mobility within the global professional marketplace.

Learning outcomes

On successful completion of this course a student will be able to:
Learning Outcome

1 Reflect and critically appraise the key factors related to international sea borne trade economics; economics of shipping markets and shipping cycles; economics of shipping sectors and of maritime safety and the seafaring labour market.

2 Reflect and critically appraise the key issues of globalization and the nature and structure of global business; the culture of a ‘global enterprise’; the effects of the geo- political environments and the role of national and supranational regulatory agencies and the strategic environmental factors that affect global business.

3 Reflect and critically appraise the impact of global financial, economic and socio-economic factors; the impact of global cultural and socio-cultural factors; the importance of natural resources and the impact of industrialisation on the global environment;The roles of the global manager and the function of international human resources management. Global strategies and global operations and marketing management.



Indicative content

• Maritime Economics
o International sea borne trade economics; Economics of shipping markets and shipping cycles; Economics of shipping sectors;
o Economics of maritime safety and the seafaring labour market.

• Global Business Management
o The definition of globalization and the nature and structure of global business; The culture of a ‘global enterprise’;
o The effects of the geo-political environments and the role of national and supranational regulatory agencies; The strategic environmental factors that affect global business;
o The impact of global financial, economic and socio-economic factors; The impact of global cultural and socio-cultural factors;
o The importance of natural resources and the impact of industrialisation on the global environment; The roles of the global manager and the function of international human resources management; Global strategies and global operations and marketing management.

Teaching and learning activity

Lectures will provide a conceptual framework of all key areas, while tutorials will be used for discussion of practical examples, case studies, exploration of issues, and student presentations. Directed learning will take place outside of lectures and tutorials each week, as students will be required to prepare practical exercises and become aware of changes in related issues. Students will work in groups of 3-5 for the preparation and presentation of the final coursework. External guest speakers will be invited to supplement teaching when possible.

Assessment

Methods of SUMMATIVE Assessment: Essay.
Outcome(s) assessed by summative assessment:1-3.
Weighting % 60%
Pass Mark 40%
50% overall
Word Length 3,000
Outline Details: Essay submission assignment consisting of case study based reflection - on (a) Maritime Economics; (b) Global Business Management; (c) Impact Studies on Global Environments on Businesses.


Methods of SUMMATIVE Assessment: Exam.
Outcome(s) assessed by summative assessment:All.
Weighting % 40%
Pass Mark 50%
Word Length n/a
Outline Details: Closed exam.

Are students required to pass all components in order to pass the course? Yes.