The Transport Economics course offers you the chance to delve into a a booming sector, where demand for labour is constantly growing. Today, urban mobility and economic regulation play a crucial role in the sustainable urban development. Through this course, you will acquire key skills in microeconomics, economic regulation, pricing and the analysis of transport investments. These skills are essential for tackling the sector’s current challenges, enabling you not only to understand, but also to to influence urban mobility policies and strategies. The online programme gives you the flexibility to study from anywhere, making it easier to access content that will prepare you to become a leader in the field of transport and urban mobility. Join our programme and become an expert capable of transforming the future of transport.
Transport Economics
Mobility
40 hours
Introduction
Objectives
- To understand the basic concepts of microeconomics as applied to transport.
- To analyse economic regulation and its impact on urban mobility.
- Assess pricing schemes to optimise transport usage.
- To identify best practice in urban transport investment.
- To investigate sustainable and efficient urban mobility models.
- Apply economic principles to solve transport problems.
- To develop critical skills for the analysis of transport policy.
Table of Contents
TEACHING UNIT 1. FUNDAMENTAL CONCEPTS OF MICROECONOMICS
The user and the utility function
Demand and the concept of elasticity
Supply and production costs
The functioning of urban transport service markets. Perfect competition
The functioning of urban transport services markets. Monopoly
TEACHING UNIT 2. ECONOMIC REGULATION AND URBAN MOBILITY
Competition and externalities in transport
The need to regulate urban passenger transport
Transport as a public service and the public interest
Economic regulation criteria
Efficiency-based control methods
TEACHING UNIT 3. TRANSPORT FARING SYSTEMS
The pricing process in transport
Pricing rules
Pricing in accordance with the principles of efficiency and fairness
Pricing options
Effects of pricing criteria, intermodal effects
TEACHING UNIT 4. ANALYSIS OF INVESTMENTS IN TRANSPORT AND URBAN MOBILITY
Capacity investments
Economic evaluation of investments
Decision criteria
Risk analysis
Income distribution, social welfare and decision-making criteria.