2017/18 Taught Postgraduate Module Catalogue

TRAN5050M Principles of Transport Economics

15 creditsClass Size: 50

Module manager: Dr Jeremy Toner
Email: j.p.toner@its.leeds.ac.uk

Taught: Semester 1 (Sep to Jan) View Timetable

Year running 2017/18

This module is not approved as an Elective

Objectives

To ensure that students can determine appropriate approaches to the measurement of costs, determination of prices and allocation of resources in the transport sector, given the special problems in terms of peaking, increasing returns to scale and joint costs of that sector.

Syllabus

Determination of transport prices, costs, resource allocation and subsidy.

Topics likely to be covered as follows:
- Marginal Cost Pricing Rule
- Indivisibilities, Joint and Common Costs, Peak Loads
- Non uniform pricing
- Uniform (Ramsey) pricing, Cost and Production Theory
- Statistical Cost Analysis, Economies of Scale, Density and Scope
- Cost and Productivity Efficiency Measurement
- User Costs: Waiting Time, Boarding and Alighting Time, Capacity Constraints
- User Costs: Route Structure, Vehicle Size
- External Costs
- Congestion, Accidents and Environmental Effects
- Road Pricing
- Subsidy, Cross Subsidy
- Determining Optimal Levels of Subsidy and Investment

Teaching methods

Delivery type	Number	Length hours	Student hours
Lecture	11	2.00	22.00
Private study hours			128.00
Total Contact hours			22.00
Total hours (100hr per 10 credits)			150.00

Opportunities for Formative Feedback

- Progress monitoring is by means of problem sets and in-class discussions.
- Students may also choose to submit a formative non-credit bearing essay to get feedback.

Methods of assessment

Coursework

Assessment type	Notes	% of formal assessment
Essay	3,000 words	33.30
Total percentage (Assessment Coursework)		33.30

Normally resits will be assessed by the same methodology as the first attempt, unless otherwise stated

Exams

Exam type	Exam duration	% of formal assessment
Standard exam (closed essays, MCQs etc)	2 hr 00 mins	66.70
Total percentage (Assessment Exams)		66.70

Normally resits will be assessed by the same methodology as the first attempt, unless otherwise stated

Reading list

The reading list is available from the Library website

Last updated: 13/09/2012

Disclaimer

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