Transport Economics
UndergraduateRMI-LGM2602023
Course information for 2023 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.
Enrolments for this course are closed, but you may have other options to start studying now. Book a consultation to learn more.
- Study method
- 100% online
- Assessments
- 100% online
- Entry requirements
- Part of a degree
- Duration
- 13 weeks
- Loan available
- HECS-HELP and FEE-HELP available
Transport Economics
About this subject
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.
- Please refer to RMIT University’s Learning Management System - Canvas, for further details.
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).
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Entry requirements
To enrol in this subject, you must be admitted into a degree.
Prior study
To help set you up for success before you start this subject, we suggest completing or having equivalent knowledge in:
USA-ECO11 (Not currently available)
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.