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BSc in International Shipping and Trade

The BSc Shipping provides you with an understanding of the context and strategies of the global shipping industry and prepares you for efficiently planning and managing shipping operations.

About the programme

At the heart of globalisation
Shipping is at the very core of international trade. Millions of tons of cargo are shipped from one end of the globe to the other every day, You could even describe international shipping as “globalisation in its physical form”, linking production, people and companies all over the planet. Developing efficient, reliable and cost-effective solutions to moving goods from producers to buyers is increasingly a key component in assuring business success for international companies. Shipping is not only a very large but also a highly dynamic industry. Denmark is a leading shipping country, home to the world’s largest container shipping company and many other strong, global shipping companies.

Specialisation and industry focus
The BSc Shipping is different from all the other programmes at CBS in that it focuses directly on just one industry. Rather than a general understanding of business conditions and business economics, you will develop a specific understanding of how shipping companies operate, how they develop strategies and business networks and how to plan and manage in a global and dynamic industry.

The programme is for those who feel quite confident that the shipping industry is indeed where they want to have their careers – and who want an academic, industry-focused university degree as the foundation for that career.

International and practical experience
Through your three years in the programme, you will experience academic studies in the fields of business economics, shipping and trade combined with an international as well as intercultural understanding and practical industry experience.

Each year is structured very differently: you will study at CBS, study abroad, study together with students from other countries and cultures and also spend time as an intern in a shipping company. This unique structure will provide you with a varied and exciting study experience, but it will also be demanding and require a lot of hard work.

  • The first year will give you a broad understanding of international business economics and introduce you to the unique aspects of the shipping industry. You will study some of your courses together with students from our International Business programme.
  • The second year will give you a global perspective on shipping. It will focus on the economic, legal and operational dynamics of the industry. You will spend this year together with students from Singapore Management University, Nanyang Technical University, Singapore, Hong Kong Polytechnics and University of Piraeus, Greece. All students will spend the first half year in Copenhagen, and the second half in Singapore, Hong Kong or Greece.
  • The third year will deepen your academic and analytical skills within maritime economics and management and it will give you considerable practical shipping experience. During this year, you will combine your studies at CBS with an internship in a shipping company. This will give you hands-on experience with shipping operations and enable you to embark on a career in shipping.

Special option during BSc Shipping
On BSc Shipping, you can apply for GLOBAL - Global Supply Chain and Logistics Management. GLOBAL SCLM is a programme focusing on international business, global logistics and supply chain management. The accepted students will spend a semester each in Copenhagen and at two partner universities in China and in Canada.

Learn more about GLOBAL SCLM.

Please note that this option only is available to a very limited number of students.

Hear students share insights about BSc Shipping

Hear students at BSc Shipping share some experiences and their thoughts about the programme.

What you should be interested in

To study BSc Shipping successfully and be happy with the programme it would be useful to be interested in:

  • international trade and global markets
  • the shipping industry on both a strategic and operational level
  • shipping and trade from many different perspectives as the programme encompasses a wide range of topics within business administration and shipping
  • a general interest in politics, economics and the cultures of different countries and regions
 
Why students chose BSc Shipping
Students at CBS come from all over the world, and all have different backgrounds. Hear students at BSc Shipping share their background, and why they chose to apply for the programme.
 

Challenges and considerations

BSc shipping has some particular challenges that are important to think about before you choose the programme. How well do these challenges correspond to the sort of person you are, how you like to work and the things you are good at?

Working with people from different backgrounds
BSc Shipping students must be able to adapt and work well with people from very different backgrounds and cultures. During your second year you will study together with American and Singaporean students. During large parts of your third year you will be working together with experienced shipping professionals in an internship. It is therefore a very useful quality to enjoy diversity and be open to other people.

Working analytically and academically
Some students expect BSc Shipping to be very practical in its approach. However, it is important to understand that BSc Shipping is a university programme which will also introduce you to general theories within business administration and expect you to work analytically and academically. You need to be comfortable with this theoretical and analytical approach to studying.

Quarter-structure
BSc Shipping has a so-called “quarter structure” where you follow two courses for about six weeks before taking your exams in those two courses. Each year of study is divided into four such quarters. Some students enjoy this way of working as it allows them to focus on only two courses and two exams at a time. Others find it challenging because it means that you need to keep up your study discipline all the time and if you have just a couple of weeks where you are not very productive it can be challenging to catch up.

Maths as a tool
In close to half of the mandatory courses in BSc Shipping you will use maths as a tool. You will not use maths that is complicated beyond the entry requirement for the programme, but you need to be comfortable having courses where you use maths and do calculations at a practical level.

Studying in English
If you are not used to studying in English or if you are not a native speaker, we recommend that you read more about what to consider before applying for an English-taught programme. 

See Studying in English on Student Life

Hear a student guidance councellor share some challenges and considerations you should be aware of before applying to BSc Shipping

The study environment

What is it like to study at BSc Shipping?
Listen to students share their thoughts on the international environment at Shipping and the opportunities that comes with it.

Career options and Master's programmes

Competenceies after BSc Shipping
The programme will give you:

You can find more information about what you learn on the programme in the Competence profile for BSc Shipping.

Mater's programmes after BSc Shipping
The clear majority of students from Shipping continue to a two-years master’s programme for a total of five years of study. It is very much the master’s rather than the bachelor programme that determines which career paths that lay open to you. Read more about master’s programmes and career options.

Hear a student guidance counsellor give insights to how you can create your own profile as well as share thoughts on career options and master's programmes.

Entry requirements

English - language requirement A
English - specific entry requirement B with min. 6.0 grade average
(Danish scale)
Mathematics B
Social Studies OR International Economics
OR History of Ideas OR Contemporary History 		 B
Motivational essay Yes - see Selection quotas

Read about entry requirements and how to apply at bachelor admission

Admission statistics
Grade point average 9.9                            
Number of enrolled students 68
Quota 1  / Quota 2 50% / 50%
Applicants (quota 2) 826 (748)
Foreign students 44%
Gender distribution - men / women 56% / 44%
Average age 21.1 year

See Admission Statistics for all bachelor programmes.

 

Sidst opdateret: Web editor - Student Communications // 13/09/2024

Oversigt over uddannelsen

1. semester2. semester3. semester4. semester5. semester6. semester
Introduction to Maritime Economics
(7.5 ECTS)		Maritime Law
(7.5 ECTS)		Operations and Logistics Management
(7.5 ECTS)		Course related to maritime economics, transport and international trade 1 (7.5 ECTS)Business Research Methodology
(7.5 ECTS)		Organisational Analysis
(7.5 ECTS)
Statistics
(7.5 ECTS)		Principles of International Marketing
(7.5 ECTS)		Risk Management
(7.5 ECTS)		Course related to maritime economics, transport and international trade 2 (7.5 ECTS)Advanced Maritime Economics
(7.5 ECTS)		Internship 2
(7.5 ECTS)
Microeconomics
(7.5 ECTS)		Corporate Finance
(7.5 ECTS)		Economic Aspects of Maritime Law
(7.5 ECTS)		Course related to maritime economics, transport and international trade 3 (7.5 ECTS)Internship 1
(15 ECTS)		Bachelor project
(15 ECTS)
Macroeconomics and Trade
(7.5 ECTS)		Financial Accounting
(7.5 ECTS)		Elective 1 (7.5 ECTS)Elective 2 (7.5 ECTS)

Introduction to Maritime Economics

The course introduces students to the economics and management of international shipping. The overall aim of the course is to give students knowledge about shipping markets and shipping’s relationship to global trade.
 
The course focuses on recent developments and future challenges in international shipping and introduces theories from micro- and macroeconomics to the study of shipping markets.
 
The course enables students to identify and critically assess factors which determine business opportunities in international shipping.
 
Structure and key topics:

  1. Shipping and global trade
  2. The four shipping markets
  3. Shipping cycles and forecasting
  4. Economics of dry bulk shipping
  5. Economics of tanker shipping
  6. Economics of liner shipping
  7. Maritime finance and risk management
  8. Regulatory framework for international shipping
  9. National shipping policies
  10. Outsourcing and ship management
  11. Quality shipping
  12. Green shipping

Learning Objectives

At the end of the course students should be able to:

  • 1. Discuss how shipping is related to international trade and how international trade affects shipping
  • 2. Identify drivers of demand and supply in the main shipping markets
  • 3. Introduce theories and models from micro- and macroeconomics to the study of shipping markets
  • 4. Identify and critically assess factors which determine business opportunities in international shipping

ECTS

7.5

Maritime Law

To be announced

Learning Objectives

At the end of the course, the students must be able to:

  • • Understand the legal aspect of shipping in respect of maritime contracts and tort law
  • • Describe the general legal setting of the international shipping industry in respect of shipping contracts and tort matters
  • • Identify and explain common legal problems in the international shipping industry and to solve such contractual and non-contractual disputes
  • • Explain commonly used standard contracts such as Bills of Ladings and Charter Parties
  • • Apply the relevant laws/instruments applicable to a tort dispute involving maritime key-actors such as ship-owners, carriers, governmental and inter-governmental authorities

ECTS

7.5

Operations and Logistics Management

The course objective is to provide the students with an understanding of how the principles, theories and concepts of operations and logistics management can be used to improve operational effectiveness within the shipping industry. The task of managing a firm involves making tradeoffs among a range of interrelated decisions that have a major impact on performance. This task is key for any organization and is what Operations Management is concerned with - the activity of managing the resources of the organization that deliver goods and services. Logistics management deals with the supply chain that plans, implements and controls the flow and storage of goods, products and services, and related information to meet customers’ needs.  

 

The course will discuss various themes and problems involving strategic as well as operational and logistics managerial activities such as (but not limited to):  

  • Introduction to Operations and Logistics Management
  • Operations and logistics strategy
  • Performance objectives
  • Product and service innovation
  • Managing capacity
  • Managing supplier relationships
  • Transportations operations
  • Planning and managing inventory
  • Lean operations
  • Quality management
  • Supply chain integration
  • Port operations
  • Human resources in operations and logistics

Learning Objectives

At the end of the course, the students must be able to:

  • • The student should be able to discuss and evaluate the theories, tools, concepts, and methodologies of operations and logistics management presented in the course.
  • • The student should be able to identify and analyze issues pertaining to operations and logistics management in the shipping and related industries.
  • • Explain the concept of supply chain management in relation to a specific product, company activities and the flow of goods.
  • • The students should be able to evaluate case situations and provide clear recommendations.

ECTS

7.5

Course related to maritime economics, transport and international trade 1 (7.5 ECTS)

Common course I takes place at Singapore Management University, Nanyang Technical University (Singapore), Hong Kong Polytechnics and University of Piraeus (Greece) as a part of the exchange on the 4th semester.

Business Research Methodology

The course topic falls within methodology and philosophy of science as it applies to business research and social science. The learning objectives should be interpreted through this lens. The course content is thus structured by (1) various positions from philosophy of science (positivism, hermeneutics, critical rationalism etc.) but with (2) the simultaneous aim of showing how such epistemological positions apply to the study of core disciplines in business economics such as microeconomics, organization theory, strategy, finance and CSR.

 

The course teaching delivers (1) lectures on the theories and concepts of such positions along and (2) training and group exercises of the ability to apply and exemplify such methodological concepts within a concrete practical or scientific context. This also reflects what is ultimately expected of the student at the end of the course: (a) theoretical and conceptual mastery of basic concepts from philosophy of science along with (b) the ability to apply such methodological concepts within the context of social science, business economics and international shipping in particular.

Learning Objectives

At the end of the course, the student must be able to:

  • Describe and explain basic concepts from philosophy of science such as, for instance, ’epistemology’, ’ontology’, ‘validity’ or ’falsification’.
  • Demonstrate a critical understanding of basic epistemological assumptions underlying different core disciplines in business economics such as ‘microeconomics’, ‘organization theory’, ‘accounting’, ‘strategy’, etc.
  • Independently apply basic methodologies in such research, including both selection and critical evaluation of secondary sources and techniques or the collection of primary data.
  • Critically evaluate the choice and implementation of research methodologies in international business research.

ECTS

7.5

Organisational Analysis

This course aims to familiarize you with key ideas and concepts of organization, such as organizational structure, culture, change, leadership, technology and power. We will explore the ways these have been understood historically in organization studies and will ask you to engage critically and practically with these concepts both individually and in groups while analyzing texts and cases and presenting them in class.

Beware that potential company visits are mandatory and part of the course.

Learning Objectives

At the end of the course, the students should be able to:

  • • Explain and practically apply key concepts and ideas of organizational analysis as presented in the course
  • • Show the ability to relate these different concepts and ideas
  • • Understand the strengths and weaknesses of the concepts and ideas
  • • Understand the usefulness and limitations of concepts and ideas in guiding concrete decisions in practice when applied to case examples
  • • Demonstrate appropriate communication skills, including the ability to present information together with analysis, argument and commentary

ECTS

7.5

Statistics

The major goal of the statistics course is to produce statistically educated students which mean that students should develop statistical literacy and the ability to think and reason statistically.

Statistics is a valuable tool in the practical application of every other science. Emphasis is on interpretation and understanding of simple statistical methods as applied in business, economics, different types of companies or institutions and industries.

The topics of the curriculum are:


a)The basic laws of probability and the most important probability distributions.

b) Descriptive statistics, both numerical and graphical.

c) Statistical inference; estimators, confidence intervals and significance tests of hypotheses.

d) One and two sample tests for means and proportions; paired and unpaired data.

e) Analysis of association using contingency tables and correlation.

f) Regression analysis; simple, multiple, logistic.

g) One-way and two-way analysis of variance, analysis of covariance.

 

Learning Objectives

The goal is to enable the students to interpret, understand and apply basic statistical concepts as they apply in scientific research as well as in everyday life. The students will become familiar with basic probability theory as a model for randomness, concepts of statistical inference as well as a number of concrete estimators, confidence intervals and test. Statistical software will be introduced. At the completion of this course the students will be able to:

  • Identify key theories, models and concepts of probability and statistics.
  • Use graphical and numerical methods for exploring and summarizing data
  • Describe basic probability and how probability helps us understand randomness in our lives, as well as grasp the crucial concept of a sampling distribution and how it relates to inference methods.
  • Choose and justify appropriate descriptive and inferential methods for examining and analyzing data and drawing conclusions.
  • Analysis of the association between categorical, discrete, and continuous variables, using contingency tables, correlation, regressions, and analysis of variance.
  • Communicate the conclusions of statistical analysis clearly and effectively, i.e identify connections between basic statistics and the real world.

ECTS

7.5

Principles of International Marketing

This is the core marketing class in the BSc International Shipping and Trade program. The course gives an overview of the marketing activities of companies operating in global markets. The course covers five main themes over seven weeks: 1. deciding whether to internationalize, 2. deciding which markets to enter, 3. market entry strategies, 4. designing a global marketing programme, and 5. implementing and evaluating the global marketing programme. In addition, we discuss the influence of digitalization and the increasing relevance of corporate social responsibility. The primary goal of the course is thereby to provide a comprehensive overview of the basic principles of international marketing-related activities within a firm. After the course, students should be able to apply methods for generating a marketing plan for a company in an international market and reflect on performance outcomes of the suggested marketing program.

 

The above-described course content directly supports the learning goals: Practical application of theory, learning in relation to practical business settings (learning through case studies), a clear focus on an international economic and business perspective, and research-based teaching (fulfilled through class readings which incorporate contemporary research articles in the field of international marketing

Learning Objectives

After having attended the course, students should:

  • Have a clear understanding of globalization - anti-globalization movements, global marketing strategy, and global firms,
  • Learn online and offline data sources and how to access and use them for improving global marketing decision making
  • Assess the market size and market potential for products and services in foreign markets, countries, and regions
  • Critically assess, analyze, and design international marketing strategies including the choice of entry mode and the development of the marketing mix for companies at different stages of internationalization,
  • Adopt the mindset of a global marketing manager and generate relevant managerial solutions while solving concrete case studies

ECTS

7.5

Risk Management

 

The uncertainty involved in ownership and operation of ships has become quite important in recent years as stakes are higher for owners, operators and investors. Agents in the shipping industry face risk from the international and competitive environment in which they operate. Risk emanate from fluctuations in e.g. freight rates, bunker prices, or ship prices as well from the choice of contract during ship operation, finance and credit terms.
 
The course will start with identifying the main sources of risk relevant for the shipping industry. Measuring of risk through various risk measures, including the commonly used Value-at-Risk, will be introduced and finally, possible hedging instruments including a range of different derivatives are introduced and their use in different hedging strategies will be covered.
 
The course builds on prerequisites from Maritime Economics, Maritime Law, Statistics and Corporate Finance.

Learning Objectives

At the end of the course, the students must be able to

  • Describe the main sources of risk in the shipping industry
  • Discuss how risk is identified, measured, reported and managed and calculate relevant risk measures
  • Discuss the role of risk management and real options in value creation
  • Define the financial hedging instruments that are available for shipping firms
  • Discuss and analyze hedging strategies relevant for shipping firm

ECTS

7.5

Course related to maritime economics, transport and international trade 2 (7.5 ECTS)

Common course II takes place at Singapore Management University, Nanyang Technical University (Singapore), Hong Kong Polytechnics and University of Piraeus (Greece) as a part of the exchange on the 4th semester.

Advanced Maritime Economics

Advanced Maritime Economics focuses on shipping company performance. The course analyses factors that influence shipping firms’ performance and explores the causes for performance differences. It qualifies students to engage in strategic management processes within shipping companies and prepares them for their subsequent work with their BSc theses.

Advanced Maritime Economics covers financial, environmental, and social dimensions of firm performance and discusses to what extent performance along these dimensions align or conflict. The course draws on different analytical lenses from strategic management, corporate finance, and sustainability studies and provides students with analytical tools that may help firms improve their performance.

In the course, students also learn how to evaluate the quality of maritime research. They learn how to apply the most common research quality criteria (i.e., reliability, validity, credibility, novelty, rigor, and significance) in assessments of maritime research. They get an opportunity to evaluate several studies on shipping company performance from the syllabus and design their own study on shipping company performance.

The course covers a broad spectrum of shipping segments, from container shipping over tankers and dry bulkers to shipping niches, and leverages on previous courses in the International Shipping and Trade program.

Learning Objectives

At the end of the course, the students must be able to:

  • Identify and analyze factors that influence the financial, environmental, and social performance of shipping companies.
  • Apply theories and concepts from strategic management, corporate finance, and sustainability studies in a study of shipping company performance.
  • Evaluate the quality of maritime research.
  • Design a study to explore why shipping company performance varies.

ECTS

7.5

Internship 2

The topic of Internship II is real-life problems of a strategic or organizational nature, which maritime companies and organizations are currently facing. The course focuses on finding solutions to such problems. It allows students to leverage their practical experiences from their shipping internships as well as their theoretical training from previous courses of the bachelor program to address current real-life problems for maritime companies and organizations.

 

Based on their own experiences in the respective internships students shall identify and describe an organizational or strategic challenge, which maritime companies and organizations are currently encountering. Students shall describe the nature of the challenge and discuss possible solutions for it. In pointing out solutions, students shall refer to selected theories or models from previous courses of the bachelor program such as (but not restricted to) strategic management, finance, marketing, organizational analysis, operations and logistics management, microeconomics and maritime law. Students shall explain how theories or models can inform and guide solutions for the challenges that maritime companies and organizations are experiencing.

 

The course will train students in communicating and discussing real-life business challenges. In class, students shall make presentations for an audience of shipping company practitioners and nautical school students. They shall demonstrate that they can communicate clearly and effectively with colleagues from nautical departments in shipping companies

Learning Objectives

It is important to keep in mind that in spite of the different focus areas the internship report for each internship must include the following learning objectives:

  • Describe a practical, real-life problem of strategic or organizational nature for a maritime company and organization
  • Propose and argue for a solution to the problem based on selected theories or models from previous courses within the bachelor program
  • Explain the proposed solution in such a way that colleagues from different departments of a company or organization are able to understand their argumentation

ECTS

7.5

Microeconomics

Course content and structure
 

This course provides an introduction to the functioning of economic markets: it describes what lies behind the notions of demand and supply. Emphasis is placed on the behavioural assumptions that generate demand for particular products, and on whether the producers of a particular product compete in a perfect or an imperfect way. We also explore important extensions to the basic model such as uncertainty and symmetric information. The main blocks of the curriculum are:

 

  • Supply and Demand
  • Consumer theory: preferences, rationality assumptions, budgetary constraints
  • Producer theory: production and costs functions
  • Market structures: perfect competition, monopoly, oligopolistic competition, etc.
  • Public goods and externalities 

 


Practical Application of Theory

In each main block the theory is exemplified with everyday problems and issues. We will consider economic models evaluating policies such as minimum wages and commodity taxation.

Relation to a Business or an Institutional Setting

We consider in depth how different market structures affect firms and consumers. We also emphasize how governments design institutions to correct market imperfections.

Relation to International Business or Economics

Several examples from the international business area are considered. Examples will be drawn particularly from U.S., Canada and Europe.

Research Based Teaching

Issues which are currently under debate in economic research are presented when relevant. In particular, we will discuss the limits of neoclassical models and how the research frontier confronts those limits.

Learning Objectives

After having followed the course the students should be able to:

  • Understand and apply conceptually and analytically the basic concepts of microeconomics (e.g., the fundamental concepts in consumer theory, producer theory, game theory, and the theory of markets)
  • Describe and rationalise the main assumptions behind simple economic models and analyze the role that those assumptions play.
  • Use economic models graphically (diagrammatically) to analyze the effects of policy experiments (e.g. introducing taxes).
  • Derive numerically economic instruments and apply them in analytical settings (e.g., find a price elasticity and use it to predict a change in demand).
  • Analytically solve simple microeconomic problems (e.g., utility maximisation, profit maximisation, determination of equilibrium economic variables) and interpret these solutions.
  • Use economic analysis to explain topical policy issues (e.g., How to reduce carbon emissions?).

ECTS

7.5

Corporate Finance

This is an introductory course in finance focusing on corporate applications in the international environment. It covers the basic theories of interest rates, valuation of streams of cash flows, pricing of risk, and it draws practical implications for capital structure, project valuation, financing, and risk management.

More specifically, the course contains a basic introduction to topics such as:

  • The main characteristics of corporations
  • The relationship between accounting information and the information analysed in corporate finance
  • Interest rates and the time value of money
  • The valuation of bonds and stocks
  • The investment decision
  • The financing decision including capital structure theory and the cost of capital
  • Payout policy
  • Mergers and acquisitions
  • International financial mangement and capital budgeting
  • Financial and real options
  • Risk management

 

Thereby, the course reflects the BSc IB program learning goals in the following way:

Practical Application of Theory
The course includes many exercises and cases illustrating the practical application of theory. In particular, this is achieved both through lectures (illustrating practical applications) and assigned readings from The Economist.

Relation to a Business or an Institutional Setting
Several aspects of different types of financial markets are examined including public versus privately owned companies and various types of providers of capital (investors).

Relation to International Business or Economics
The international perspective is taken in connection with many of the topics covered during the course especially including mergers and acquisitions, financial management and capital budgeting, and risk management. Several examples are looking at multinational firms.

Research Based Teaching
The curriculum includes articles that summarize several research papers and ties such research to the practical use of the theoretic methodologies introduced in the course. Furthermore, evidence from several empirical studies is discussed during the course.

Learning Objectives

The student is expected to be able to

  • Identify, explain and apply the core concepts, models and methods
  • Calculate, interpret and compare financial statistics, prices, returns and costs
  • Elaborate and present solutions for financial decision problems

ECTS

7.5

Economic Aspects of Maritime Law

The course is a continuation of the course Maritime Law

The purpose of the course is to give the students an introduction to economic and commercial aspects of maritime law. The students are expected to gain knowledge of basic legal principles within each topic. During the course the students will review examples of the application of the legal principles in practice, mainly within but also outside the maritime sector.

Learning Objectives

At the end of the course, the students must be able to:

  • Understand strategic alliances in the maritime sector and the different approaches to the maritime sector, e.g. business and legal approach.
  • Able to identify, describe and apply Company structures in the shipping industry when choosing business strategy
  • Able to handle legal compliance and risk management issues in the maritime sector
  • Understand and be able to exercise legal rights in an international environment
  • Explain and apply the concept "Quality in Shipping"
  • Define and analyse specific legal and economic problems in a maritime setting

ECTS

7.5

Course related to maritime economics, transport and international trade 3 (7.5 ECTS)

Common course III takes place at Singapore Management University, Nanyang Technical University (Singapore), Hong Kong Polytechnics and University of Piraeus (Greece) as a part of the exchange on the 4th semester.

 

Internship 1

The internship in a maritime corporation or organization is an integrated part of the BSc in International Shipping and Trade program. The students are requested to write an academic report along with the studies in order to ensure the academic relevance of the internship (The Internship Report).  

Learning Objectives

It is important to keep in mind that in spite of the different focus areas the internship report for each internship must include the following learning objectives:

  • Present and discuss key current developments for the internship company and its markets
  • Describe your own most important learning processes in the first three months of your internship
  • Reflect critically on practical experiences in the internship regarded in relation to academic theories and/or concepts from previous classes in the BSc in International Shipping and Trade program.

ECTS

15

Bachelor project

First and foremost, keep in mind that this is an International Shipping and Trade Thesis. The project must be international in nature.

 

It is recommended that you examine your past years in the BSc IST programme curriculum. Brainstorm to find a subject area in which all members of your group are interested.

 

Once you have decided on a subject area, you will need to identify a topic within that area, and then formulate a project proposal which addresses an issue you wish to research. This is your problem formulation.

 

Your working materials should include a 200 - 500 word statement which clearly indicates your problem formulation; it should clearly show how you shape a topic within the subject and how your topic is directed towards a relevant issue. This statement should provide you with a working title, which can be in the form of a focused question. Project titles should never be formulated as a question.

Learning Objectives

At the end of the course, the students must be able to:

  • • Independently formulate and justify research questions.
  • • Select, combine and apply relevant concepts and theories in relation to specified research questions
  • • Select and use relevant quantitative or qualitative methods to answer such research questions
  • • Identify and use relevant scholarly literature
  • • Formulate and present (orally and in writing) coherently argued answers, combining theory, methodology and data, to the research question posed.
  • • Reflect critically on the choice of methods and data as well as the quality of the answers produced

ECTS

15

Macroeconomics and Trade

This course offers an introduction to macroeconomic analysis and international trade. This includes the theory of output, employment and inflation determination in open economies; the role of fiscal, monetary and trade policy; and the economic impact of international economic relations. The course has a global focus, as it relates macroeconomic analysis to issues relevant to interconnected economies trading financial assets as well as intermediate and final goods.

 

The lectures on the structure and dynamics of international trade models will provide the backbone for class discussions on the trade flows of goods and on how economic and political changes alter these flows.

Learning Objectives

To achieve the grade 12, students should meet the following learning objectives with no or only minor mistakes or errors:

  • Present the core theoretical frameworks in macroeconomics and explain how output, the interest rate, and inflation are determined in the short and medium-run, both in closed and open economies.
  • Describe the conduct of fiscal, monetary and trade policies. Explain how fiscal and monetary policies are impacted by openness to trade and financial flows.
  • Identify the core theories and models of international trade and apply them to study global trade flows.
  • Analyze how macroeconomics and international trade drivers influence shipping markets from a shipping operator's perspective.

ECTS

7.5

Financial Accounting

  • Accounting as a form of communication
  • Financial statements and Annual Reports
  • Double-entry bookkeeping
  • Cash basis and accrual basis of accounting
  • Inventories and Cost of Goods Sold
  • Cash, receivables and short term investments
  • Fixed Assets (Tangible & Intangible)
  • Goodwill
  • Current Liabilities, Present Value, and Long-term liabilities
  • Shareholders’ Equity
  • Cash Flow Statements
  • Financial Statement Analysis
  • Emerging trends in non-financial reporting


Course aim:
Students learn to develop their understanding of financial accounting via reference to practical examples, exercises and mini-cases.
 
Relation to a Business or an Institutional Setting: Class discussions are focused around multinational companies in different industries – both European and US. The course textbook has many good examples from US business life, which will be contrasted against their European peers.

Relation to International Business or Economics: The core theme of the course is the financial accounting within multinational corporations.

 

Learning Objectives

After having completed the course students should be able to:

  • Read, understand and examine the data in an annual report.
  • Fully comprehend the difference between cash and accrual accounting.
  • Prepare financial statements from the source data based on accounting transactions.
  • Understand the critical role of ethics in providing decision useful accounting information.
  • Develop financial ratios for a company and analyze the information content of these measures to make sound business decisions.

ECTS

7.5

Elective 1 (7.5 ECTS)

Electives are courses of your own choice. You can choose to do your electives at CBS or at other universities.

Elective 2 (7.5 ECTS)

This course takes place at Singapore Management University, Nanyang Technical University (Singapore), Hong Kong Polytechnic University and University of Piraeus (Greece), as a part of the exchange on the 4th semester.