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Transport Economics

Undergraduate | RMI-LGM260 | 2019

Course information for 2019 intake

View information for 2020 course intake

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.

Study method
100% online
Assessments
Subject may require attendance
Entry requirements
Prior study needed
Duration
13 weeks

HECS-HELP and FEE-HELP available

Transport Economics

About this subject

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

    1. Refer to 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.

Entry requirements

Prior study

To help set you up for success before you start this subject, we suggest completing or having equivalent knowledge in:

Others

or equivalent first-year university economics, statistics and calculus

Additional requirements

No additional requirements

Study load

0.125 EFTSL
This is in the range of 10 to 12 hours of study each week.

Equivalent full time study load (EFTSL) is one way to calculate your study load. One (1.0) EFTSL is equivalent to a full-time study load for one year.

Find out more information on Commonwealth Loans to understand what this means to your eligibility for financial support.

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