FT-140: Marine Resource Managements and Financial Management 

Untitled Document

GENERAL INFORMATION:

Course title: FT 140 Marine Resource Managements and Financial Management                                           

Campus:   FSM-FMI

Initiator:   Alvin E. Sinem

Date: 5/6/16

Course description
This course is for students requiring basic knowledge of Marine resource management and Financial management skills for a small scale fishing business.

 

COURSE HOURS/CREDITS:

 

 

Hours per Week

 

No.  of Weeks

 

Total Hours

 

Semester Credits

Lecture

 

          4

x

8

=

32

=

 

Laboratory

 

          3

x

8

=

24

=

 

Lecture/Lab

 

 

x

 

=

56

=

 

Workshop

 

 

x

 

=

 

=

 

 

 

 

 
Total  Semester Credits

 

 

 

 

 

 

 

 

PURPOSE OF COURSE:        
[   ] Degree requirement
[   ] Degree elective
[ X] Certificate
[   ] Other

PREREQUISITES: None

PSLOS OF OTHER PROGRAMS THIS COURSE MEETS:

 

                             Program

 

 

 

 

 

 

INSTITUTIONAL STUDENT LEARNING OUTCOMES

 

[    ]

1. Effective oral communication: capacity to deliver prepared, purposeful presentations designed to increase knowledge, to foster understanding, or to promote change in the listeners’ attitudes, values, beliefs, or behaviors.

 

[    ]

2. Effective written communication: development and expression of ideas in writing through work in many genres and styles, utilizing different writing technologies, and mixing texts, data, and images through iterative experiences across the curriculum.

[    ]

3. Critical thinking: a habit of mind characterized by the comprehensive exploration of issues, ideas, artifacts, and events before accepting or formulating an opinion or conclusion.

[ X]

4. Problem solving: capacity to design, evaluate, and implement a strategy to answer an open-ended question or achieve a desired goal.

 

[    ]

5. Intercultural knowledge and competence: a set of cognitive, affective, and behavioral skills and characteristics that support effective and appropriate interaction in a variety of cultural contexts.

 

[X]

6. Information literacy: the ability to know when there is a need for information, to be able to identify, locate, evaluate, and effectively and responsibly use and share that information for the problem at hand.

[X ]

7. Foundations and skills for life-long learning: purposeful learning activity, undertaken on an ongoing basis with the aim of improving knowledge, skills, and competence.

 

[    ]

8. Quantitative Reasoning: ability to reason and solve quantitative problems from a wide array of authentic contexts and everyday life situations; comprehends and can create sophisticated arguments supported by quantitative evidence and can clearly communicate those arguments in a variety of formats.

 

PROGRAM STUDENT LEARNING OUTCOMES (PSLOs): The student will be able to: 

1. Demonstrate competency in basic fishing knowledge and techniques;
2.  Demonstrate competency in designing fishing gears, instruments, and machinery operations; and
3.  Demonstrate competency in marine resource management for small scale fishing.

COURSE STUDENT LEARNING OUTCOMES (CSLOs) (General): The student will be able to:

  • Outline the main characteristics of fisheries resources;
  • Describe fluctuation factors of stock biomass;
  • Describe the meaning of catch per unit effort (CPUE);
  • Outline stock biomass estimation methods.
  • Describe fish age estimation methods;
  • Describe the meaning of the Optimum yield;
  • Describe the major kinds of fisheries management methods;
  • Describe steps for feasibility studies in small scale fishing business;
  • Describe causes of fishing business failure;
  • List fishing business best practice;
  •  Estimate fishing cost, expected incomes and profit;
  •  Describe outline of fish market; and
  • Describe importance of keeping fishing logbooks.

 

COURSE STUDENT LEARNING OUTCOMES (CSLOs) (Specific): The student will be able to:

CSLO (General) 1: Outline the main characteristics of fisheries resources

Student Learning Outcome (specific)

ISLO

PSLO

Assessment Strategies

1.1 Describe the three major characteristics of fisheries resources

 

4,6,7

 

3

Written test and oral assessment will be used to assess students’ competence in describing the three major characteristics of fisheries resources.

CSLO (General) 2: Describe fluctuation factors of stock biomass

Student Learning Outcome (specific)

ISLO

PSLO

Assessment Strategies

2.1 Describe the Russell’s formula and its factors

 

4,6,7

 

3

Written test and oral assessment will be used to asses students’ competence describing the Russell’s formula and its factors.

CSLO (General) 3: Describe the meaning of Catch Per Unit Effort (CPUE)

Student Learning Outcome (specific)

ISLO

PSLO

Assessment Strategies

3.1 List examples of Catch Per Unit Effort (CPUE).

 

4,6,7

 

3

Written test will be used to assess students’ competence in listing  examples of CPUE and calculating the value of CPUE.

3.2 Calculate the value of CPUE.

 

 

3

CSLO (General) 4: Outline stock biomass estimation methods.

Student Learning Outcome (specific)

ISLO

PSLO

Assessment Strategies

  • 4.1 Describe the De Lury method, Petersen method, Spawning study and Acoustic survey

 

4,6,7

 

3

  • Written test and oral assessment will be used to assess students’ competence in describing Petersen method, Spawning study, and Acoustic, and calculating of stock biomass estimation methods in case studies.
  • 4.2 Calculate stock biomass estimation methods in case studies.

 

4,6,7

 

3

CSLO (General) 5: Describe fish age estimation methods.

Student Learning Outcome (specific)

ISLO

PSLO

Assessment Strategies

5.1. Conduct fish body measurement surveys.

 

4,6,7

 

3

Practical assessment checklist will be used to assess students’ competency in demonstrating fish body measurement surveys,
Written and oral assessment will be used to assess students’ competence in describing the major age characters of fish and growth estimation curve.

5.2. Describe the major age characters of fish.

 

4,6,7

 

3

5.3. Describe the growth estimation curve.

 

4,6,7

 

3

CSLO (General) 6: Describe the meaning of the optimum yield.

Student Learning Outcome (specific)

ISLO

PSLO

Assessment Strategies

6.1. Describe the logistic model of reproduction

 

4,6,7

 

3

Written test and oral assessment will be used to assess students’ competence in describing logistic model of reproduction, MSY, MEY and OY, and the effects of over fishing on the stock biomass. 

6.2. Describe the maximum catch level on sustainable basis determined by biological factor (MSY), Maximum sustainable Economic Yield (MEY) and optimum yield (OY).

 

4,6,7

 

3

6.3. Describe the major causes and the effects of over fishing on the stock biomass.

 

4,6,7

 

3

CSLO (General) 7: Describe fisheries management methods

Student Learning Outcome (specific)

ISLO

PSLO

Assessment Strategies

    • List the major input and output control methods.

 

4,6,7

 

3

Written test and oral assessment will be used to assess students’ competence in listing several kinds of input control and output control methods, and selecting suitable fishing control methods for case study.

7.2. Select suitable fishing control methods for case study.

 

4,6,7

 

3

CSLO (General) 8: Describe steps for feasibility studies in small scale fishing business.

Student Learning Outcome (specific)

ISLO

PSLO

Assessment Strategies

8.1. List required resources for starting fishing business.

 

4,6,7

 

3

Written test and oral assessment will be used students’ competence in listing required resources for starting fishing business, and describing technical feasibility study, market feasibility study and overall viability study.

    • Describe technical feasibility study, market feasibility study and overall viability study.

 

4,6,7

 

3

CSLO (General) 9: Describe causes of fishing business failure

Student Learning Outcome (specific)

ISLO

PSLO

Assessment Strategies

9.1 Describe some causes of small scale fishing business failure in case study.

 

4,6,7

 

3

Written test assessment will be used to assess students’ competence in describing some causes of small scale fishing business failure in case study.

CSLO (General) 10: List fishing business best practices.

Student Learning Outcome (specific)

ISLO

PSLO

Assessment Strategies

10.1 List points of operation management and financial management

 

4,6,7

 

3

Written test assessment will be used to assess students’ competence in listing points of operation management and financial management.

CSLO (General) 11: Estimate fishing cost, expected incomes and profit.

Student Learning Outcome (specific)

ISLO

PSLO

Assessment Strategies

11.1. Describe variable cost and fixed cost and depreciation.

 

4,6,7

 

3

Written test and oral assessment will be used to assess students’ competence in describing variable cost and fixed cost and depreciation, calculating expected incomes of fishing business, and listing points that increase profits.

11.2. Calculate expected incomes of fishing business.

 

4,6,7

 

3

(11.3. List points that increase profits.

 

 

3

CSLO (General) 12: Describe outline of fish market.

Student Learning Outcome (specific)

ISLO

PSLO

Assessment Strategies

12.1. Describe local market and overseas market characteristics

 

4,6,7

 

3

Written test and oral assessment will be used to assess students’ competence in describing local market and overseas market characteristics.

CSLO (General) 13: Describe the importance of keeping logbooks.

Student Learning Outcome (specific)

ISLO

PSLO

Assessment Strategies

13.1. List the information required to keep in logbook

 

4,6,7

 

3

Written test assessment will be used to assess students’ competence in listing the information required to keep in logbook, and recording activities from a case study into a SPC logbook.

 13.2. Record case study activities using the SPC logbooks

 

4,6,7

 

3

COURSE CONTENT:

1. Fisheries resources

  • Marine resources and Fishery resources
  • Characteristics of Fishery resources
  • Fishery resources and fishing activities
  • Fluctuation factors of stock biomass
  • CPUE and fishing effort
  • Stock estimation methods
  • Growth and age estimation
  • Optimum Yield
  • Fishery resources management

2. Financial management of fishing

  • Outline of commercial fishing
  • Feasibility study
  • Causes of small scale fishing failure
  • Management of small scale fishing business
  • Operation costs, Incomes and Profits
  • Market
  • Keeping logbooks

    METHOD(S) OF INSTRUCTION:
    [X] Lecture                  [   ] Cooperative learning groups
    [  ] Laboratory             [X] In-class exercises
    [X] Audio visual         [X] Demonstrations
    [  ] Other

    REQUIRED TEXT(S) AND COURSE MATERIALS:

    Text:

    • Kawamoto, Taro (Compile 2002.), Marine Resources and Financial Management, FSM Fisheries and Maritime Institute Colonia, Yap

     Materials:

    • Calculator
    • Access to fishing market
    • Copy of SPC logbook
    • REFERENCE MATERIALS:
    • Fishing in General 1991. Overseas Fishery Cooperation Foundation, Japan;
    • Financial Management of small scale fishing. business South Pacific Commission;
    • Fisheries Management by Communities. Secretariat of the Pacific Community;
    • Catalogue of small sale fishing gear FAO. Dr. Matsumiya Yoshiharu;
    • (Catch and increase fish).  Dr. Sakuramoto kazumi; and
    • (ABC of fishing managements).  

    INSTRUCTIONAL COSTS: None

    EVALUATION:

    A grade of at least 70% or a “C” must be achieved to progress to the next level.  All demonstrations should achieve at least a rate of 80%.

    CREDIT BY EXAMINATION: None

     

     

    This website and all COM-FSM Internet based services are best viewed with Firefox 3.0 or better.
    © Copyright 2014 College of Micronesia-FSM | Site Disclaimer
    P. O. Box 159, Kolonia, Pohnpei, 96941 - (691) 320-2480
    College of Micronesia-FSM is accredited by the Accrediting Commission for Community and Junior Colleges,
    Western Association of Schools and Colleges, 10 Commercial Bldv., Suite 204, Novato, CA 94949, (415) 506-0234,
    an institutional accrediting body recognized by the Council for Higher Education Accreditation and the U.S. Department of Education.
    Additional information about accreditation, including the filing of complaints against member institutions, can be found at: www.accjc.org

    feedback