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Courses

MAR7001V Finance and Economics for International Supply Chains

Module description

This module develops an understanding of supply chain economics and financial risk management with a focus on the maritime sector.


Module aims

The aim of the module is to provide the student with an in-depth understanding of finance in a supply chain context including financial risk management, and to enable the student to use the tools of economic analysis in the management of international supply chains and supply chain businesses.

Assessed learning outcomes

At the end of the module the learner will be expected to be able to:
• Examine the impact of finance and financial decisions on the management of supply chains and their component businesses.
• Critically Analyse financial risk management techniques.
• Apply economic theories and data to businesses in international supply chains
• Use economic theories and data to explain and make predictions for the behaviour of markets in international supply chains.

Topics

This course consists of 2 parts:

1. Economics:

  • The shipping markets
  • The interrelation between the 4 shipping markets
  • The transport of bulk cargoes and liner shipping
  • Liner service economics
  • The optimization of the deployment of fleets
  • Competition and cooperation in liner shipping
  • The response of liner shipping to global SCM
  • Modal shifts from road to sea with a new mathematical model
  • Inland waterway shipping in Europe
  • Recent trends in tanker management

2. Statistics and Finance:

Statistics:

  • Measurement scale
  • Mode, (Geometric) Mean
  • Median
  • Range
  • Standard Deviation
  • Normality
  • Box Plots
  • SPSS
  • Chi square test for independence
  • Independent samples T-test
  • One-way ANOVA
  • Mann Whitney U test
  • Kruskal Wallis test
  • SPSS

    Finance:

    • Financial econometrics
    • Markets (inflation, deflation, stagflation)
    • Exchange rates (Cryptocurrency, Fiat currency, Bitcoin mining, blockchain)
    • Forecasting
    • Hedging

    Type of instructions

    You will deepen your knowledge through a combination of individual coursework, group work with presentations, and guest lectures given by experts and professionals.