|ECON5805||Transportation Economics I (A)||3 ch (3C)|
This course focuses on basic tools of economic analysis to determine demand and supply in transportation markets. Considerable attention is devoted to the derivation of market and aggregate demand for transportation services as well as to cost functions as determinants of supply of transportation services. Efficient pricing of transportation services is analysed. Investment criteria are reviewed to determine the efficient pricing. Market failures and imperfections of transportation markets are examined.