Transport economics (1375)
  
Coordinating lecturer :Prof. dr. Wouter DEWULF 

Language of instruction : English
Credits: 6,0
  
Period: semester 1 (6sp)
  
2nd Chance Exam1: Yes
  
Final grade2: Numerical
 
Exam contract: not possible
 
Sequentiality
 
   Mandatory sequentiality bound on the level of programme components
 
 
  Following programme components must have been included in your study programme in a previous education period
    Principles of economics (5417) 6.0 stptn
 

Prerequisites

- The student is familiar with the law of supply and demand, including elasticities
- The student knows the characteristics of the market structure (monopoly, oligopoly, free market)
- The student is familiar with basic concepts such as fixed costs, variable costs, average costs, marginal costs, consumer and producer surplus and can apply these in assignments.
- The student is aware of the impact of goverment intervention into the free market


Content

Transport economics, transport policy, transport infrastructure and transportation modes, traffic and transport

Outline:

1.Introduction 2.The role of transport in modern economies 3.Fundamentals of markets for transport services 4.External effects of transportation 5.Governmental intervention in transportation markets 6.Disruptive innovation in transportation



Organisational and teaching methods
Organisational methods  
Lecture ✔  
Small group session ✔  


Evaluation

Semester 1 (6,00sp)

Evaluation method
Written evaluation during teaching period40 %
Homework✔
Written exam60 %
Open-book ✔
Open questions✔
Take-home assignment✔
Additional information 60% of final mark based on written exam, 40% based on assignments during the semester

Second examination period

Evaluation second examination opportunity different from first examination opprt
No
Explanation (English)Students can keep the marks they obtained on the part that they passed.
So if a student passes the assignments, (s)he only has to redo the
written exam. Whoever passes the written exam, should only redo the
assignments. Students that fail on both parts, have to redo both the
assignments and the written exam.
 

Compulsory textbooks (bookshop)
 

Textbook 1:

The Economics of Transport, paperback

ISBN: 9780415419802
 

Compulsory course material
 

Compulsory study material will be provided on Blackboard
 

Recommended reading
  Transport economics,Blauwens Gust, De Baere Peter, Van de Voorde Eddy,2012 (5th edition),De Boeck,9789045541440

Transportation Economics - Theory and Practice: A Case Study Approach,McCarthy Patrick S.,Wiley,9780631221807

Transport economics,Button Kenneth,2010 (3rd edition),Edward Elgar Publishing,9781840641912

The Economics of Transport - A theoretical and applied perspective,Cowie Jonathan,2010,Routledge,9780203874103,Available as e-book: https://ebookcentral.proquest.com/lib/ubhasselt/detail.action?docID=4566 50&pq-origsite=summon

Transport economics - Theory, Applications and Policy,Mallard Graham, Glaister Stephen,2008,Palgrave Macmillan,9780230516885


Learning outcomes
Bachelor of Transportation Sciences
  •  EC 

    • EC1: The graduate acquires knowledge independently, self-directed and critically. The graduate is able to plan, monitor, adjust and evaluate their own learning processes and ensure their own (quality) control.

  •  EC 

    • EC2: The graduate has a sound knowledge and understanding of the concepts, methods, and (research) techniques of transportation sciences and applies them adequately.

  •  EC 

    • EC3: The graduate is able to find sustainable solutions to complex transportation issues based on acquired knowledge and insight. Additionally, the bachelor student approaches transportation problems from a broader perspective by making links within the domain of transportation and to other disciplines.

  •  EC 

    • EC4: The graduate views society - including all interested parties - as an important stakeholder and thinks critically about the social relevance and consequences of recommendations and consultancy.

  •  EC 

    • EC6: The graduate is able to communicate - both orally and in writing - about his/her field of study with scholars from his/her own or similar domains as well as with broad social groups.

 
  EC = learning outcomes      DC = partial outcomes      BC = evaluation criteria  
Offered inTolerance3
2nd year Bachelor of Transportation Sciences J



1   Education, Examination and Legal Position Regulations art.12.2, section 2.
2   Education, Examination and Legal Position Regulations art.15.1, section 3.
3   Education, Examination and Legal Position Regulations art.16.9, section 2.