CPT874 - Principles of Transport Economics

SchoolCardiff School of Planning and Geography
Department CodeCPLAN0
Module CodeCPT874
External Subject CodeK460
Number of Credits20
Language of DeliveryEnglish
Module Leader Dr Georgina Santos
SemesterAutumn Semester
Academic Year2013/4

Outline Description of Module

The module provides the basis for the understanding of demand and supply in the transport sector, transport externalities and corrective instruments, investment and economic appraisal, transport simulation models and transport management. It makes students aware of relevant microeconomic theory and solutions to transport problems.

On completion of the module a student should be able to

Students will also improve a number of skills they hopefully already have, and:

How the module will be delivered

The module consists of lectures, group and class discussions and group presentations. The group and class discussions promote skills in communication, as do the group presentations. Most topics throughout the module are illustrated with at least one example or case-study, which helps put the concepts together.

Skills that will be practised and developed

During the course of the module there will be plenty of opportunities to practise and master a number of skills. Students will be expected to: 

How the module will be assessed

Assignment 1 - Individual Essay (25%)

Assignment 2 - Group Presentation  (25%) The group presentations will also get detailed group AND individual feedback, which will be part of the formative assessment of this module and will help students to improve their group work and presentation skills for other modules.

Exam (50%)

Class and group debates and discussions (0%)

Students are permitted to be reassessed (usually once) in a module which they have failed, in line with course regulations. The reassessment will usually take place during the summer.






Assessment Breakdown

Type % Title Duration(hrs) Period Week
Written Assessment 25
N/A 1 N/A
Presentation 25
Group Presentation
N/A 1 N/A
Examination - Autumn Semester 50
Principles Of Transport Economics
1.5 1 N/A

Syllabus content

Appraisal of transport projects. Important concepts in (transport) economics. Demand, supply and elasticities. Externalities and policies to correct them. Parking policies and road pricing. Discrete choice models. Transport management.

Essential Reading and Resource List

Button, K. J. (2010), Transport Economics, 3rd edition, Cheltenham, UK - Northampton, MA - USA: Edward Elgar.

 Button, K. (2004), ‘The Rationale for Road Pricing: Standard Theory and Latest Advances’, in Santos, G. (Ed.), Road Pricing: Theory and Evidence, Oxford: Elsevier, pp. 3-25.

 Department for Transport (2011), Transport Analysis Guidance: Cost Benefit Analysis (TAG Unit 3.5.4), April



HM Treasury (2003), Green Book, Appraisal and Evaluation in Central Government, London. http://www.hm-treasury.gov.uk/d/green_book_complete.pdf

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