Module overview
Aims and Objectives
Learning Outcomes
Subject Specific Intellectual and Research Skills
Having successfully completed this module you will be able to:
- Appraise/evaluate the economic impacts of transport schemes using cost benefit analysis and alternative methods
- Prepare and present a critique of the key economic issues in transport policy.
- Utilise demand, supply and pricing theory and elasticities in economic analysis, using both graphical and numerical analysis.
- Assess issues relating to transport funding, road pricing and the pricing of public transport.
- Identify /recall the key issues in transport economics and economic appraisal.
Knowledge and Understanding
Having successfully completed this module, you will be able to demonstrate knowledge and understanding of:
- The use of established techniques of economic enquiry, including demand and cost modelling, welfare analysis and the estimation of elasticities.
- Economic appraisal and evaluation methods and their application to transport investments in developing and developed countries.
- The links between transport and the wider economy, including on the location and level of economic activity.
- Economic theory as applied to transport, including demand, supply and pricing theory and practice.
Transferable and Generic Skills
Having successfully completed this module you will be able to:
- Learn and study/research independently
- Collate and synthesise/prioritise information
- Manipulate and analyse data
- Manage your time
- Report your work effectively
- Use creativity and innovation in problem solving
- Develop and use spreadsheets for appraisal
Subject Specific Practical Skills
Having successfully completed this module you will be able to:
- Deal with complex economic issues, both systematically and creatively, and make sound judgements in the absence of high quality data.
- Continue to advance your knowledge and understanding and to develop new skills to a high level
- Produce and interpret economic data on demand, costs, revenues and profitability and on wider socioeconomic costs and benefits.
- Demonstrate self-direction and originality in tackling and solving economic problems, and act autonomously in planning and implementing policies to a professional level.
- Use computer-based (and web-based) decision making tools to make critical economic decisions on transport investments and recurrent expenditure.
Syllabus
Learning and Teaching
Teaching and learning methods
Type | Hours |
---|---|
Wider reading or practice | 14 |
Completion of assessment task | 72 |
Seminar | 4 |
Preparation for scheduled sessions | 3 |
Follow-up work | 9 |
Lecture | 30 |
Revision | 18 |
Total study time | 150 |
Resources & Reading list
General Resources
Web-based transport project appraisal.
Assessment
Formative
This is how we’ll give you feedback as you are learning. It is not a formal test or exam.
Class Exercise
- Assessment Type: Formative
- Feedback: Hand-outs (also presented on Blackboard) and discussed in Class. One automated test on Blackboard.
- Final Assessment: No
- Group Work: No
Summative
This is how we’ll formally assess what you have learned in this module.
Method | Percentage contribution |
---|---|
Final Assessment | 50% |
Continuous Assessment | 50% |
Referral
This is how we’ll assess you if you don’t meet the criteria to pass this module.
Method | Percentage contribution |
---|---|
Set Task | 100% |
Repeat
An internal repeat is where you take all of your modules again, including any you passed. An external repeat is where you only re-take the modules you failed.
Method | Percentage contribution |
---|---|
Set Task | 100% |
Repeat Information
Repeat type: Internal & External