MARITIME BUSINESS AND ECONOMICS (WITH - THESIS)
Qualification Awarded	Length of Program	Toplam Kredi (AKTS)	Mode of Study	Level of Qualification & Field of Study
Master's ( Second Cycle) Degree	2	120	FULL TIME	TQF, TQF-HE, EQF-LLL, ISCED (2011):Level 7 QF-EHEA:Second Cycle TQF-HE, ISCED (1997-2013): 34

General Course Description Information

Course Code:

DİE544

Course Name:

COST ANALYSIS IN MARITIME LOGISTICS

Course Semester:

Spring

Course Credits:

Theoretical	Uygulama	Credit	ECTS
3	0	3	7.5

Language of instruction:

English

Condition of Course:

Does the Course Work Experience Require?:

Course Type :

Zorunlu

Course Level:

Master

TQF-HE:7. Master`s Degree

QF-EHEA:Second Cycle

EQF-LLL:7. Master`s Degree

Mode of Delivery:

Face to face

Name of Coordinator:

Dr. Öğr. Üyesi Hüseyin GENÇER

Course Lecturer(s):

Dr. Hüseyin Gençer, Dr. Kenan Tat

Course Assistants:

Objective and Contents of the Course

Course Objectives:

1. Understand the fundamental principles and tools of financial statement analysis, including horizontal and vertical analysis, ratio analysis, and benchmarking.
2. Develop a working knowledge of managerial accounting concepts, such as cost objects, product and period costs, and cost-volume-profit analysis.
3. Analyze the various costs associated with container shipping and port operations, including voyage costs, handling costs, storage costs, and infrastructure costs, and develop strategies to minimize these costs and improve profitability.
4. Explore the complex world of freight markets and understand the factors that impact demand and supply for cargo, including trade flows, economic trends, and industry-specific factors.

Course Content:

This course aims to provide students with a comprehensive understanding of cost analysis in maritime logistics. Through the exploration of financial statement analysis, managerial accounting, and logistic costs, students will gain an appreciation of cost structures and how to identify cost drivers. Specifically, the course will delve into the cost analysis of container shipping, port operations and port-related nautical services, and warehouse and inventory-related costs. Students will also learn about risk management in the context of managing financial risks and derivatives. Finally, the course will examine the freight markets, including the demand and supply for cargo and factors affecting freight rates. By the end of the course, students will have the tools to analyze costs and make informed decisions to improve efficiency and profitability in maritime logistics.

Learning Outcomes

The students who have succeeded in this course;
1) Understand the principles and techniques of financial statement analysis, including horizontal and vertical analysis, ratio analysis, and benchmarking.
2) Understand the concepts of cost accounting, including cost objects, product and period costs, and their use in managerial decision-making.
3) Analyze the cost structure of container shipping, including laden container costs, container logistics costs, container leasing, and pricing strategies.
4) Develop skills to analyze and evaluate port operations and nautical services, including pilot costs, towage costs, and infrastructure costs.
5) Understand the principles of risk management and freight markets, including managing financial risks and derivatives, demand and supply for cargo, and factors affecting freight rates.

Ders Akış Planı

Week	Subject	Related Preparation
1)	Financial Statement Analysis: Horizontal and Vertical Analysis, Ratio Analysis, Benchmarking
2)	Financial Statement Analysis: Horizontal and Vertical Analysis, Ratio Analysis, Benchmarking
3)	Managerial Accounting: Cost objects, Product and Period Costs
4)	Managerial Accounting: Cost objects, Product and Period Costs
5)	Logistic Costs I: Cost analysis in container shipping, Container logistics costs, container leasing, pricing in container shipping
6)	Logistic Costs I: Cost analysis in container shipping, Container logistics costs, container leasing, pricing in container shipping
7)	Logistic Costs I: Cost analysis in container shipping, Container logistics costs, container leasing, pricing in container shipping
8)	Logistics Costs II: Cost Analysis in Port Operations and Port-related Nautical Services	• Notteboom, T., Pallis, A., Port Pricing, in Port Economics, Management and Policy • Rodrigue, J-P., Notteboom, T., Transport Costs, in Port Economics, Management and Policy • Talley, W. K. (2017). Port economics. Routledge.
9)	Logistics Costs II: Cost Analysis in Port Operations and Port-related Nautical Services	• Notteboom, T., Pallis, A., Port Pricing, in Port Economics, Management and Policy • Rodrigue, J-P., Notteboom, T., Transport Costs, in Port Economics, Management and Policy • Talley, W. K. (2017). Port economics. Routledge.
10)	Logistics Costs III: Warehouse, Inventory & Transportation Related Costs
11)	Logistics Costs III: Warehouse, Inventory & Transportation Related Cos
12)	Risk Management: Managing Financial Risks/Derivatives
13)	Risk Management: Managing Financial Risks/Derivatives
14)	Freight Markets: Demand and Supply for Cargo Factors Affecting Freight Rates

Sources

Course Notes / Textbooks:	• Notteboom, T., Pallis, A., Port Pricing, in Port Economics, Management and Policy • Rodrigue, J-P., Notteboom, T., Transport Costs, in Port Economics, Management and Policy • Talley, W. K. (2017). Port economics. Routledge.
References:	• Notteboom, T., Pallis, A., Port Pricing, in Port Economics, Management and Policy • Rodrigue, J-P., Notteboom, T., Transport Costs, in Port Economics, Management and Policy • Talley, W. K. (2017). Port economics. Routledge.

Contribution of The Course Unit To The Programme Learning Outcomes

Course Learning Outcomes	1	2	3	4	5
Program Outcomes
1) Ability to interpret and analyze data related to maritime business and economy and to recognize and solve problems in the decision-making process.	1	1	1	1	1
2) An ability to interpret and analysis of the data regarding maritime management and economics, recognition and solution of problems for decision making process.		1		1	1
3) Ability to function on multi-disciplinary teams and to accurately assess ethical and professional responsibilities.		1	1	1
4) Ability to employ knowledge related to the field of maritime business and economics in decision-making, application, and the application of decisions.	1			1	1
5) A recognition of the need for, and an ability to engage in life-long learning	1		1		1
6) An ability to apply legal, societal and environmental knowledge in maritime transportation and in all respective modes of transport operations.		1	1		1
7) Ability to analyze the theoretical information in the area of maritime economics and management, and to assess their implications in implementation.		1			1
8) Ability to acquire distinctive information in the key aspects of the maritime business environment.	1	1			1
9) Ability to acquire knowledge by integrating information related to the field of maritime business and economics into computerized environments.	1			1	1
10) Ability to produce multidisciplinary assessments and conduct analyses in harmony with the area of maritime business and economics, related sub-fields, and other social science areas.	1			1	1
11) A knowledge of contemporary issues and an ability to communicate effectively.	1			1	1
12) To be able to have leadership and management competencies that a manager and entrepreneur should have working at the international level.		1		1	1
13) To act in accordance with social, scientific, cultural and ethical values and with the consciousness of social responsibility in various fields of international trade.	1			1	1

Course - Learning Outcomes

No Effect	1 Lowest	2 Average	3 Highest

	Program Outcomes	Level of Contribution
1)	Ability to interpret and analyze data related to maritime business and economy and to recognize and solve problems in the decision-making process.
2)	An ability to interpret and analysis of the data regarding maritime management and economics, recognition and solution of problems for decision making process.	1
3)	Ability to function on multi-disciplinary teams and to accurately assess ethical and professional responsibilities.	1
4)	Ability to employ knowledge related to the field of maritime business and economics in decision-making, application, and the application of decisions.
5)	A recognition of the need for, and an ability to engage in life-long learning	2
6)	An ability to apply legal, societal and environmental knowledge in maritime transportation and in all respective modes of transport operations.
7)	Ability to analyze the theoretical information in the area of maritime economics and management, and to assess their implications in implementation.	2
8)	Ability to acquire distinctive information in the key aspects of the maritime business environment.
9)	Ability to acquire knowledge by integrating information related to the field of maritime business and economics into computerized environments.	2
10)	Ability to produce multidisciplinary assessments and conduct analyses in harmony with the area of maritime business and economics, related sub-fields, and other social science areas.
11)	A knowledge of contemporary issues and an ability to communicate effectively.	2
12)	To be able to have leadership and management competencies that a manager and entrepreneur should have working at the international level.
13)	To act in accordance with social, scientific, cultural and ethical values and with the consciousness of social responsibility in various fields of international trade.

Learning Activities and Teaching Methods

Assessment & Evaluation Methods of the Course Unit

Assessment & Grading

Semester Requirements	Number of Activities	Level of Contribution
Semester Final Exam	1	% 100
Total		% 100
PERCENTAGE OF SEMESTER WORK		% 0
PERCENTAGE OF FINAL WORK		% 100
Total		% 100

Workload & ECTS Credits of The Course Unit

Aktiviteler	Number of Activities	Duration (Hours)	Workload
Course	14	3	42
Project	4	20	80
Total Workload			122