Maritime Economics

Core Course 6 - MBA DMSC Program

This course explores the economic forces that shape the maritime industry. Students will learn how global trade, freight rates, fuel prices, and shipping demand impact shipping companies and ports. The course emphasizes market cycles, charter markets, cost structures, and the future of maritime economics in a digital world.

Duration:8 weeks
Credits:6 credits
Level:Graduate
Format:Online
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IITMadrasMaritimeEconomicsGlobalTrade

Why This Course is Essential?

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Industry Relevance
Apply economic theories to real-world shipping company decisions.
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Market Understanding
Gain deep insights into how maritime markets operate and fluctuate.
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Global Trade Impact
Understand how international trade patterns affect shipping demand.

Who Should Take This Course?

1. Maritime Professionals Understanding Economics
Professionals who want to learn the economics behind shipping decisions.
2. Trade Analysts Exploring Trade Flows
Analysts tracking global trade and shipping demand.
3. Finance Managers Cost & Profitability
Finance professionals in ports and shipping companies.
4. Graduates Careers in Shipping Economics
Students looking to enter consulting, trade, or maritime finance roles.
38
Hours of Content
8
Modules
6
Case Studies
IIT Madras
Certificate

Curriculum

Module 1: Introduction to Maritime Economics
  • tickBasics of Maritime Economics – Understanding supply and demand in shipping.
  • tickImportance of Maritime Transport – The backbone of global trade.
Module 2: Shipping Markets
  • tickCharter Markets – Spot, time charter, and contract markets.
  • tickMarket Cycles – Boom, bust, and recovery phases of shipping.
Module 3: Freight Rates
  • tickFreight Pricing – How freight rates are determined.
  • tickFactors Influencing Rates – Fuel costs, demand, and market cycles.
Module 4: Shipping Costs
  • tickOperating Costs – Crew, maintenance, insurance, and fuel.
  • tickCapital Costs – Ship financing and depreciation.
Module 5: Port Economics
  • tickRevenue Models – Tariffs, port dues, and revenue streams.
  • tickCompetition – How ports compete for cargo traffic.
Module 6: Global Trade
  • tickTrade Patterns – Routes and flows of global trade.
  • tickGeopolitical Impacts – Impact of conflicts and trade wars.
Module 7: Digital Disruption
  • tickAI & Forecasting – Using digital tools to predict market shifts.
  • tickBlockchain in Shipping – Transparency in contracts and transactions.
Module 8: Case Studies
  • tickMaersk & MSC – Global giants in container shipping.
  • tickIndian Shipping Companies – Economic strategies in developing markets.

Course Learning Outcomes

By the end of this course, you will have gained comprehensive knowledge and practical skills in the subject area.

What You'll Master:

  • Core concepts and theoretical foundations
  • Practical applications and case studies
  • Industry best practices and methodologies
  • Problem-solving and analytical skills
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Course Structure

This Course is Part of the MBA DMSC Program

This course is one of 20 core courses in the MBA in Digital Maritime & Supply Chain Management program at IIT Madras. To take this course, you need to enroll in the complete MBA DMSC program.

Complete Curriculum

20 core courses + 12 electives designed by IIT Madras faculty

IIT Madras Degree

Earn a prestigious MBA degree from India's premier technical institute

Industry Ready

Practical skills and knowledge for maritime and supply chain leadership

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IIT Madras - MBA DMSC Program