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2015/16 Taught Postgraduate Module Catalogue
TRAN5270M Economics of Transport Regulation
15 creditsClass Size: 40
Module manager: Jeremy Toner
Email: J.P.Toner@its.leeds.ac.uk
Taught: Semester 2 (Jan to Jun) View Timetable
Year running 2015/16
Pre-requisite qualifications
Prior economies experience required; discuss with tutor in advance.This module is approved as an Elective
Module summary
This course aims to provide students with a thorough understanding of the costs and benefits of alternative approaches to correcting market failure in respect of public utilities, and in particular the transport sector (a variety of modes will be explored). Consideration will be given to theoretical contributions and empirical evidence. The course will focus on UK examples, but will also consider international evidence where appropriate to draw out important similarities and differences with the UK case. The question of how best to regulate and involve the private sector in the public utilities, especially transport, continues to be a major issue in the UK and internationally. In the UK and elsewhere, the public utilities are the source of considerable employment opportunities for micro economists, either directly in the regulation departments of the firms themselves, or indirectly through employment at the industry regulators, relevant government department and consultancy firms.Objectives
This course aims to provide students with a thorough understanding of the costs and benefits of alternative approaches to correcting market failure in respect of public utilities, and in particular the transport sector (a variety of modes will be explored). Consideration will be given to theoretical contributions and empirical evidence.The course will focus on UK examples, but will also consider international evidence where appropriate to draw out important similarities and differences with the UK case.
Syllabus
- Theories of regulation
- market failure
- responses to market failure
- privatisation and its comparison with state ownership and mixed models
- competition policy
- non-market failure
- models of economic regulation
- efficiency analysis in regulatory reviews
- sectoral applications include a variety of transport modes, and also other public utilities where relevant
Teaching methods
Delivery type | Number | Length hours | Student hours |
Lecture | 10 | 2.00 | 20.00 |
Private study hours | 130.00 | ||
Total Contact hours | 20.00 | ||
Total hours (100hr per 10 credits) | 150.00 |
Opportunities for Formative Feedback
Progress will be monitored informally through discussion in the lectures and formally through the coursework to be submitted during the course of the module.Students may make an appointment to meet the lecturer to discuss questions / problems.
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 websiteLast updated: 04/04/2016
Browse Other Catalogues
- Undergraduate module catalogue
- Taught Postgraduate module catalogue
- Undergraduate programme catalogue
- Taught Postgraduate programme catalogue
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