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.
$1,892 $2,142
Your upfront cost: $0
Duration
13 weeks
Study method
100% Online
Available loans
- HECS-HELP
- FEE-HELP
Assessments
100% online
Prior study
Required
Start dates
- 29 May 2023
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Subject details
On successful completion of this subject you will be able to:
- Apply selected concepts, principles and procedures of transport economics for effective decision making.
- Evaluate and apply appropriate analytic techniques and methods in forecasting demand for transport services, calculation of demand elasticity and transport planning.
- 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.
- Determine the impact on firm performance and community welfare of different pricing strategies and governmental regulations in transport sectors.
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- Please refer to RMIT University’s Learning Management System - Canvas, for further details.
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
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.
- 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%)
For textbook details check your university's handbook, website or learning management system (LMS).