|School||Cardiff School of Planning and Geography|
|External Subject Code||K460|
|Number of Credits||20|
|Language of Delivery||English|
|Module Leader||Dr Georgina Santos|
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.
Students will also improve a number of skills they hopefully already have, and:
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.
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:
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.
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.
|Examination - Autumn Semester||50||
Principles Of Transport Economics
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.
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