Singapore University of Social Sciences

Transport Economics (UTM505)

Applications Open: 01 April 2019

Applications Close: 31 May 2019

Next Available Intake: July 2019

Course Types: Modular Graduate Course, SkillsFuture Series

Language: English

Duration: 6 months

Fees: $2200 View More Details on Fees

Area of Interest: Business Administration

Schemes: Alumni Continuing Education + (ACE+), Lifelong Learning Credit (L2C)

Funding: SkillsFuture


Synopsis

This course provides the working professional in the urban land transport sector with the basic economic tools and concepts that are directly useful to the analysis of a variety of urban land transport problems. Ideas that will be covered include the notion of a demand function for transport; the value of time; the costs of transport; the elasticity of transport demand and supply; the pricing of transport; congestion externality and various approaches to manage congestion. The basic analytics of social cost-benefit analysis and the economic appraisal of infrastructure projects will also be covered as will the government regulation of various aspects of urban transport.

Level: 5
Credit Units: 5
Presentation Pattern: Every July

Topics

  • Basic Tools and Concepts
  • The Demand for Transport and The Value of Time
  • The Direct Costs of Transport
  • The Pricing of Transport Services
  • Congestion Externality and the Theory of Road Pricing
  • Principles of Social Cost Benefit Analysis
  • Economic Appraisal of Transport Projects
  • Project Selection under Capital Rationing
  • The Regulation of Transport
  • Case Studies

Learning Outcome

  • Arrange the factors influencing demand
  • Examine the nature of the full cost of travel
  • Evaluate the concept of an externality
  • Assess the factors influencing supply
  • Distinguish between economies of scale and economies of scope
  • Contrast private CBA to social CBA
  • Inspect the principles of social cost benefit analysis
  • Estimate the value of time, life and intangibles
  • Construct criteria used in project evaluation
  • Analyze the impact of regulatory measures on the market
  • Design an economic appraisal scheme for transport projects
  • Propose the regulations for transportation
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