Course unit title

Transportation economics

Course unit code

EKP625

Type of course unit (compulsory, optional)

Optional

Level of course units (according to

EQF: first cycle Bachelor, second cycle Master)

Second cycle Master

Year of study when the course unit is delivered

(if applicable)

Year 1

Semester/trimester when the course unit is delivered

Semester 2

Number of ECTS credits allocated

4.8 ects

Name of lecturer(s)

Bambang Eko Afiatno, MSE., Ph.D

Dr. Nurul Istifada

Learning outcomes of the course unit

After taking this course students are able to:

  1. Select and use relevant concepts and tools from microeconomics for research topics in transportation economics including regulation, externalities, and pricing;
  2. using methods to analyze transportation planning and policy making;
  3.  using methods used in transportation engineering and other disciplines, including traffic assignment and travel demand models;
  4. use cost-benefit analysis to evaluate transportation investment and policy measures, and assess the strengths and weaknesses of the applied cost-benefit analysis;
  5. analyze the influence of externalities, cost structure, and fundamental assumptions of welfare economics related to the transportation sector on transport pricing.

Mode of delivery (face-to-face, distance learning)

- Face to face (offline) using LCD, White Board, and or 

- Distance learning (online)

Prerequisites and co-requisites (if applicable)

No

Course content

Transport economics is a branch of economics that deals with the allocation of resources within the transport sector. Transport economics differs from some other branches of economics in that the assumption of a spaceless, instantaneous economy does not hold. This course also introduces the analysis of transportation systems from an economic perspective. Topics covered include firm, consumer, and market economic theory, demand models, discrete choice analysis, cost and production function models, and pricing theory. Applications for transportation systems include price bottlenecks, technological change, resource allocation, market and regulatory structures, revenue forecasting, public and private transport finance, and project evaluation; covering urban passenger transportation, freight, aviation and intelligent transportation systems

Recommended or required

reading and other learning resources/tools
  1. Kockelman, K., Chen, T.D., Larsen, K. & Nichols, D. 2013. The Economics of Transportation Systems: A Reference for Practitioners. Center for Transportation Research at the University of Texas at Austin
  2. Small, KA & Verhoef, ET 2007. Economics of Urban Transportation. Routledge.
  3. Coto-Millan, P. & Inglada, V. (Eds.) 2007. Essays on Transport Economics. Springer.
  4. de Palma, A., Lindsey, R., Quinet, E. & Vickerman, R. (Eds.). 2011. A Handbook of Transport Economics. Edward Elgar.
  5. Coyle, JJ, Novack, RA Gibson, BJ & Bardi, EJ 2011. Transportation: A Supply Chain Perspective. 7th edition. South-Western Cengage Learning

Planned learning activities and teaching methods

Teaching (Classical Method), Presentation, Discussion, case/problem-based method

Language of instruction

In Bahasa (Indonesian Language) and English

Assessment methods and criteria

- Mid Exam (15%)

- Final Exam (15%)

- Task of Problem set (research paper) (70%)