Economics of Marine Transportation Industries

Graduate · Historical course

Fall 2006

This half-semester course studies the economics of the principal markets related to marine transportation, environment, and natural resources. Topics include structures of the markets and industries involved; competition; impacts of policies and regulations. The course analyzes the relationship among industries, markets, technologies, and national policies, and introduces the concepts of national income accounts, sustainability, and intergenerational equity and their relationship to current economic practice.

Readings

LEC #: 2 · READINGS: Samuelson, P. A., and W. D. Nordhaus. Economics . 18th ed. Columbus, OH: McGraw-Hill, 2004, chapters 1-4. ISBN: 9780072872057.
Reading assignment
LEC #: 3 · TOPICS: Fundamentals of Market Economics: Common Property Resources, Economic Efficiency, Market Failure, etc. · READINGS: Samuelson, P. A., and W. D. Nordhaus. Economics . 18th ed. Columbus, OH: McGraw-Hill, 2004, chapters 18, 19, and 21-23. ISBN: 9780072872057.
Reading assignment
Tietenberg, T. H. “Economics of the Environment - An Overview” and “Property Rights, Externalities and Environmental Problems.” Environmental and Natural Resource Economics . 3rd ed. Boston, MA: HarperCollins, 1992, chapters 2 and 3. ISBN: 9780673463289.
Listed reading
Schleifer, Arthur, Jr. “Calculating Net Present Values and Accumulations of Cash-Flow Streams.” Harvard Business School Note 180-026. Boston, MA: HBS Case Services, 1979.
Listed reading
Daly, H. E. Beyond Growth . Boston MA: Beacon Press, 1997, chapters 6 and 7. ISBN: 9780807047095.
Listed reading
Bureau of Economic Analysis, U.S. Department of Commerce. “ Integrated Economic and Environmental Satellite Accounts .” April 1994. ↗
Listed reading
LEC #: 6 · TOPICS: Shipping Markets and Cycles · READINGS: Kite-Powell, H. L. “Marine policy: shipping and ports.” In Encyclopedia of Ocean Sciences . Edited by J. Steele, S. Thorpe, and K. Turekian. London, UK: Academic Press, 2001, pp. 2768-2776. ISBN: 9780122274305.
Reading assignment
Jin, D. “Supply and Demand of New Oil Tankers.” Marit Pol Mgmt 20, no. 3 (2003): 215-27.
Listed reading
LEC #: 9 · TOPICS: Shipping and the Environment: Tanker Spills, Right Whales · READINGS: Committee on Oil Pollution Act of 1990 (Section 4115) Implementation Review, National Research Council. Double-Hull Tanker Legislation: An Assessment of the Oil Pollution Act of 1990 . Washington, DC: The National Academies Press, 1997. ISBN: 9780309063708. ↗
Reading assignment
Marcus, H. S. “Interrelationship Between Strategy and Technology in the International Liner Market.” Mar Pol Rep 1 (1989): 207-215.
Listed reading
There is no required textbook for this course. Students are assigned various readings for each class session. ↗
Listed reading

Sources

Course catalogue ↗Historical OpenCourseWare
MIT OCW readings ↗
MIT OCW syllabus ↗
Historical MIT OpenCourseWare offering. Named reading entries and schedule topics are automatically extracted from the linked source pages.