This course provides an understanding of the major economic issues involved in the provision of transportation services. The course will analyse 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 isn't currently offered through BCIT Part-time Studies. Please check back next term or subscribe to receive email updates.
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
TDMT 2203 is offered as a part of the following programs:
Interested in being notified about future offerings of TDMT 2203 - Transportation Economics?
If so, fill out the information below and we'll notify you by email when courses for each new term are displayed here.