Course Overview
This course provides an understanding of the major economic issues involved in the provision of transportation services. The course will analyze the factors which determine the supply and demand for these services. Both practical and theoretical aspects of transportation economics, including both the domestic and international scenes, will be undertaken. Emphasis will be placed on applying these economic concepts to transportation problems. This course is 36 hours in the classroom and 12 hours online using the BCIT Learning Hub system
Prerequisite(s)
- No prerequisites are required for this course.
Credits
4.0
- Not offered this term
- This course is not offered this term. Notify me to receive email notifications when the course opens for registration next term.
Learning Outcomes
At the end of this course, the student will be able to:
- Determine the significance of transportation services in the economy:
- Identify the economic value of goods due to transportation
- Recognize the impact of transport on the Canadian Economy
- Interpret the trends in transportation services
- Discuss the demand for freight and passenger services.
- Describe the measurement of freight and passenger demand.
- Analyze aggregate demand and demand elasticity
- Explain the elasticity of demand for transport
- Explain the characteristics of transport demand
- Identify problems due to non-uniform demand
- Discuss economic costs and their implications in price determination
- Distinguish between accounting, economic and social costs
- Distinguish between cost-of-service and value-of-service pricing.
- Discuss pricing factors, strategies, and techniques in transportation
- Apply cost-benefit principles to choose between alternate investment proposals.
- Identify tangible vs. non-tangible costs
- Identify when to use cost benefit analysis vs. other selection techniques
- Analyze the cost/economic characteristics of transport carrier operations
- Determine cost factors for intermodal movements
- Describe ocean transport costs.
- Identify additional intermodal costs
- Describe the impact of international economic activities on transport decisions
- Identify the impact of government intervention
- Compare the impact of economic regulation vs. deregulation of transportation.
Effective as of Fall 2005
Related Programs
Transportation Economics (TDMT 2203) is offered as a part of the following programs:
- Indicates programs accepting international students.
School of Business + Media
- Global Business Studies
Associate Certificate Part-time
- International Trade and Transportation Logistics
Certificate Part-time
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