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Fact Sheet on Maritime Economics Track

1.  What is the Maritime Economics Track?

  • The Maritime Economics Track (MET) is a maritime-focused cluster of courses within the Economics major, designed to give students a distinctive preparation for maritime-related roles in industry and government organisations such as the MPA.
  • Building on the foundations established in the major, the MET develops essential knowledge and contextualised skills relevant for analysis of economic issues in the maritime sector. 
  • An important distinguishing feature of the MET is that academic courses are complemented in a variety of ways that make the Track a fully comprehensive preparation for careers in the maritime sector.  MET students will have access to industry scholarships and experiential learning opportunities including industry study missions, site visits, local and overseas internships, and non-credit courses presented by industry professionals.

2.  How did this programme come about?

  • Singapore is one of the world’s leading maritime hubs and there is a strong demand for competent graduates with specialised knowledge of the maritime sector who are able to take on a variety of maritime-related roles within the sector.  By way of this programme, SMU seeks to respond to this talent shortage.
  • The MET was framed after discussions with maritime industry partners and MPA who identified the MET’s combination of economic skills and maritime knowledge  as an ideal preparation for contributing to Singapore’s talent pool. 
  • Shipping companies, shipyards, rig builders, port operators and maritime logistics companies are among those in need of graduates equipped with the necessary skills for the commercial side of their businesses. MPA also has a need for economics majors with maritime knowledge for research and business roles.

3.  Who is the programme targeted at?

  • SMU students who are majoring in economics and are interested to pursue a career in the maritime industry.  The MET accommodates students doing two majors, such as finance and economics.  These students will bring additional skills to maritime occupations.
  • SMU’s School of Economics has been offering maritime-related courses, supported by the MPA Professorship, and these have proved very popular with students.  The MET builds upon this established base of interest and is expected to attract more students because of the many career advantages it offers.

4.  When will the programme begin and who will be eligible to take the Track?

  • The new Track will be launched in Academic Year 2013 and is meant for students going into year 3 for the fall 2013 term.

5.  What are the eligibility criteria?

  • SMU students taking a first degree in the School of Economics, and all students from the other five Schools in SMU taking a second major in Economics will be eligible to apply for the MET. These students will take it as a second major in Economics with a Track in Maritime Economics.

6.  What is the duration of the programme?

  • The MET requires students to take eight courses. These include the maritime courses and core courses for the Economics major. All students in the MET will be doing an Economics major, and possibly also a second major. In either case, the degree(s) with the MET can be obtained within four years.

7.  What does the MET entail?  What are the modules under the programme?

  • The MET requires students to take a minimum of eight courses. These include maritime-related courses and core courses for the Economics major.
  • The maritime-related topics will include Maritime Economics and Ship Finance, Port Economics and Management, Economic Aspects of Maritime Law, Shipping Business, International Economics (Trade and Finance), Industrial Organisation and Supply Chain Management, among others. 
  • MET students will also be taking non-credit short courses taught by industry professionals. These provide ‘immersion’ into specific areas of the maritime industry.

Last updated on 08 Dec 2016 .