6 points, SCA Band 2, 0.125 EFTSL
Postgraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
This unit applies transport economics concepts and principles to contemporary issues in transport operations, infrastructure investment and policy decision-making. Fundamental concepts and methods relevant to analysis of transport demand, cost, pricing, investment analysis and decision-making are considered. The central role of regulations in the operations of markets and transport operations is examined as are the forms and impacts of different types of government intervention e.g. (de)regulation and privatisation.
On completion of this unit, students should be able to:
- distinguish the economic characteristics of transport operations involving the movement of people or freight;
- differentiate the factors influencing transport/travel demand and their relevance to modelling the demand for transport;
- apply cost concepts to decision-making for transport operations and investment;
- apply cost-benefit analysis principles to transport decision-making applications;
- assess the implications of market structure on the supply and demand for transport services.
Continuous assessment: 50%
Examination (2 hours): 50%
Students are required to achieve at least 45% in the total continuous assessment component and at least 45% in the final examination component and an overall mark of 50% to achieve a pass grade in the unit. Students failing to achieve this requirement will be given a maximum of 45% in the unit.
150 hours study
See also Unit timetable information
This unit applies to the following area(s) of study