00
  • How OUA works
  • Advice
13 673600
Sign inCreate account
  1. Home
  2. Subjects

Undergraduate RMI-LGM260-2023

Transport Economics

Apply microeconomic principles to the transport services sector.

Develop the mathematics skills needed to run the costs and benefits of transport investments. Rely on industry software to forecast economic variables that will impact future demand.

From

$1,892 $2,142

Your upfront cost: $0

International student?

Duration

13 weeks

Study method

100% Online

Available loans

  • HECS-HELP
  • FEE-HELP

Assessments

100% online

Prior study

Required

Start dates

  • 29 May 2023
RMIT University logo

One of Australia's largest dual-sector institutes, offering both TAFE and higher education, RMIT University proudly delivers work-related education and practical research relevant to current business and community needs. More than 96,000 students study with RMIT, and many of their degrees are available through Open Universities Australia.

Learn more about RMIT.

Explore RMIT courses.

QS Ranking 2023

11

Times Higher Education Ranking 2023

22

Need help?

Our student advisors are here to guide you with:

  • Enrolling and eligibility
  • Fee and loan information
  • Credit and recognition for prior learning
  • 2023

Subject details

What you'll learn

On successful completion of this subject you will be able to:

  1. Apply selected concepts, principles and procedures of transport economics for effective decision making.
  2. Evaluate and apply appropriate analytic techniques and methods in forecasting demand for transport services, calculation of demand elasticity and transport planning.
  3. Determine the profitability and viability of transport services and their operations in different market conditions with reference to the economic concept of cost and other cost constructs.
  4. Determine the impact on firm performance and community welfare of different pricing strategies and governmental regulations in transport sectors.
Topics covered
    • Please refer to RMIT University’s Learning Management System - Canvas, for further details.
Entry requirements

You are recommended to have completed the following subjects(s) or have equivalent knowledge before starting this subject:

  • USA-ECO11-Principles of Economics (No longer available)

Others

Or equivalent first-year university economics, statistics and calculus

Additional requirements

No additional requirements

Description

This subject is intended to provide you with an understanding of the basic microeconomic principles applicable to the transport sector.

It also seeks to develop an understanding of various analytical techniques of managerial economics that facilitate decision-making in the areas of production and costs, demand, pricing, investment and government regulation and intervention in the transport sector. 

Assessments

  • Assessment Task 1 (Linked CLOs: 1, 2) (20%)
  • Assessment Task 2 (Linked CLOs: 3, 4) (30%)
  • Assessment Task 3 (Linked CLOs: 1, 2, 3, 4) (50%)
Textbooks

For textbook details check your university's handbook, website or learning management system (LMS).

  • Contact us
  • About us
  • OUA Blog
  • Media centre
  • Partnerships
  • Universities
  • Your career
  • FAQ and glossary
  • Work with us
  • Courses
  • MBA online
  • Partner Hub

Open Universities Australia acknowledges the Traditional Owners of Country throughout Australia. We pay our respects to Elders past and present.

  • Accessibility statement
  • Cookies
  • Copyright
  • Disclaimer
  • Privacy
  • Site map
  • Terms of use

Open Universities Australia is a not-for-profit organisation.

© Open Universities Australia 2023. All rights reserved.