COURSE DESCRIPTION

TRANSPORT ECONOMICS I
E. Sabrakos

Introduction to Transport Economics. Statistical analysis of transport sector. Transport market and external influences. Supply and demand in the transport services. Determining factors and elasticities (price, income, crosselasticity). Transport services production cost. Pricing of transport services, investments in the transport sector. Evaluation methods of planned transport investments (methods based on one criterion, methods based on multiple criteria, cost – benefit, IRR, NPV) The traffic problem in big cities. Intercity road networks – cost and pricing. Railway Transports – cost, pricing, commercial policy.

Contents

MARINE INSURANCE I
N. Poulantzas – M. Pazarzis

General on insurance. Categories of insurance. Private and Social Insurance. Marine Insurance. Historic evolution of Marine Insurance. Hellenic and International Marine Insurance Legislation. Marine Insurance in International Trade. International Sales Terms. Organization and Operation of Marine Insurance Markets – Lloyd’s, Insurance companies – Insurance brokers – Salvage Association – Registers – Institute of London Underwriters – Average Adjuster Associations. Concepts of Marine Insurance. Insurable Interest, Insurable Value and Amount, Premium, Freight, Types of Freights. Good Faith- Warranties – Proximate Cause. Marine Insurance Policy. Types of Policies. Practical of Policies. Practical issues.

Contents

OCEANOGRAPHY
F. Sakellariadou

The subject of Oceanography. Historical Review. Distribution of Waters. Hydrological Cycle. Basic Tools of Oceanography (oceanographic vessels – underwater devices – platforms etc.). Chemical Oceanography (General, components of sea water, photosynthesis and the cycle of life in the sea. Forms of sea water components, chemical elements of sea water, nutritional elements, sampling). Biological Oceanography (General, subdivisions of marine environment, ocean population, plants and the ocean, animals and the ocean, sampling). Natural Oceanography (General, salinity, temperature, density, waves, tides, currents, sound waves in the sea, the light in sea water, sampling). Geological Oceanography (General, continental and oceanic crust, continental shore and oceanic basin, marine sediments, rocks of the oceanic bottom, sampling).

Contents

SHIPPING ECONOMICS AND POLICY I
G. Vlachos – C. Giziakis

Concepts and definitions. International sea trade. Flows, relations, economic significance. Comparisons between means of transportation. Shipping categories: tramp shipping and liner shipping. Types of vessels and their economic significance. Production cost of sea transport services. Private and community cost. Economies and diseconomies of scale. Specialisation economies. The economic significance of technological developments in the mercantile marine. Demand for sea transport services (Types, characteristics, sources, elasticity). Supply of sea transport services (concept, characteristics, sources, elasticity)

Contents

MARITIME LAW
N. Poulantzas

Introduction. Sources of maritime law and progressive codification of maritime law. The vessel. 1/ Legal status. 2/ Nationality. 3/ Acquisition of ownership a/ Private Law, b/ Public Law. Vessel operation methods. 1/ Natural persons (owner, shipowner, manager, confusion between ownership and management). 2/ Legal entities (part ship ownership, shipping company). Supplementary persons in the operation of the vessel. 1/ The shipmaster. 2/ The crew. Agreement with crew. 3/ The pilot. 4/ The Shipping Agent. VI. Vessel operator’s liability. Sea transport contract covering the transport of goods. Manager’s liability. ChartererTs responsibilities. Sea transport contract covering the transport of passengers and their luggage. Special issues of Maritime Law. 1/ General averages and shares. 2/ Securing measures (arrest of vessels. Provisional order). 3/ Arrest of vessels. 4/ Collision of vessels. 5/Claims arising from the salvage of vessel, cargo and passengers. 6/ Marine mortgage and claims secured by lien. 7/ Short – term prescriptions in maritime law. Bill of lading. 1/ Advantages and disadvantages. 2/ The bill of lading in the future (Electronic Bill of Lading etc.). Marine Insurance Law. European Union and Maritime Law.

Contents

INTERNATIONAL ECONOMICS
E. Thalassinos
Introduction to International Trade. Foreign Exchange Market – determination of foreign exchange parity – arbitrage – speculation. Balance of payments. Balance of payments adjustment mechanism. Theory of comparative costs. Review of the traditional approach and the new developments in the theory of international trade. Duties. Multinational enterprises. Economic integration. Exercises – Case Studies. Visits to banks and organisations.

Contents

ENGLISH V
G. Diamantis

Advanced level, specialized texts based on issues related to Economics, Business Administration, Trade, Bank Administration and Shipping. Analytical processing and translation of the texts. Additional vocabulary enrichment and practice with vocabulary, grammar / syntax exercises on the basis of the material taught during the previous semesters. Commercial correspondence: Models of letters to be used in connection with specific or more complex matters and problems. Useful sentences, vocabulary and translation exercises with a content similar to that of the letters. Introduction to the writing of reports, statements, summaries, memos and projects.

Contents