MARE532 : Economics of Marine Systems

Department

Department of Marine Engineering

Academic Program

Bachelor in Marine machinery and engines

Type

Elective

Credits

02

Prerequisite

MARE415

Overview

Economic aspects of marine resource utilization and , management will be analyzed. Topics include open access , aspect of marine resources; conflict and allocation of , marine resources, marine , resource markets, marine , recreation, pollution. 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.