Module overview
Aims and Objectives
Learning Outcomes
Transferable and Generic Skills
Having successfully completed this module you will be able to:
- Use creativity and innovation in problem solving
- Develop and use spreadsheets for appraisal
- Report your work effectively
- Manage your time
- Manipulate and analyse data
- Learn and study/research independently
- Collate and synthesise/prioritise information
Subject Specific Practical Skills
Having successfully completed this module you will be able to:
- Produce and interpret economic data on demand, costs, revenues and profitability and on wider socioeconomic costs and benefits.
- Use computer-based (and web-based) decision making tools to make critical economic decisions on transport investments and recurrent expenditure.
- Demonstrate self-direction and originality in tackling and solving economic problems, and act autonomously in planning and implementing policies to a professional level.
- Continue to advance your knowledge and understanding and to develop new skills to a high level
- Deal with complex economic issues, both systematically and creatively, and make sound judgements in the absence of high quality data.
Subject Specific Intellectual and Research Skills
Having successfully completed this module you will be able to:
- Utilise demand, supply and pricing theory and elasticities in economic analysis, using both graphical and numerical analysis.
- Identify /recall the key issues in transport economics and economic appraisal.
- 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.
- Assess issues relating to transport funding, road pricing and the pricing of public transport.
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.
- 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.
- Economic appraisal and evaluation methods and their application to transport investments in developing and developed countries.
Syllabus
Learning and Teaching
Teaching and learning methods
Type | Hours |
---|---|
Revision | 18 |
Preparation for scheduled sessions | 3 |
Completion of assessment task | 72 |
Lecture | 30 |
Wider reading or practice | 14 |
Seminar | 4 |
Follow-up work | 9 |
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 |
---|---|
Continuous Assessment | 50% |
Final 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