FAH3461 Transport and Economics 7.5 credits

Samhällsekonomi och transporter

Offering and execution

Course offering missing for current semester as well as for previous and coming semesters

Course information

Content and learning outcomes

Course contents *

The course will cover analysis of transport pricing, economic valuation of non-market goods such as travel time and reliability, social cost-benefit analysis of transport investments and policy measures, and transport externalities such as congestion and emissions. Emphasis is on the use of analytical techniques to study real-world urban transportation problems and policy-making.

  • Value of time, theoretical derivation and applied econometric methods
  • Travel time reliability and variability, theory and applied econometric methods, and unresolved issues
  • Congestion and road pricing
  • Valuation and pricing of externalities
  • Subsidization of public transport
  • Welfare economics
  • Principles for applied cost benefit analysis

Intended learning outcomes *

After completing the course the student should be able to

  • choose and use relevant concepts and tools of microeconomics for research topics in the field of transport economics including regulations, externalities, and pricing
  • use methods to analyze real-world problems in transportation planning and policy-making
  • use methods used in transport engineering and other disciplines, including models for traffic assignment and travel demand
  • relate sustainability goals and measures to relevant concepts and methods in economics
  • apply theoretical constructs to derive cost-benefit rules
  • use cost-benefit analysis to evaluate transport investments and policy measures, and value the strengths and weaknesses of applied cost benefit analysis
  • discuss how transport pricing is affected by externalities and cost structures
  • axiomatic neoclassical approach, and fundamental assumptions of welfare economics in relation to the field of transport

Course Disposition

No information inserted

Literature and preparations

Specific prerequisites *

Advanced Transport Modelling, Discrete Choice Econometrics, or similar

Transport Policy and Evaluation or course in Microeconomics

Recommended prerequisites

No information inserted

Equipment

No information inserted

Literature

Eliasson, J., CBA walk through, Kompendium

Small, K.A., and Verhoef, E.T., 2007, The Economics of Urban Transportation, Second Edition.

Hensher, D.A., and Button, K.J., 2000, Handbook of Transport Modelling, Elsevier.

Winston, C., "Conceptual developments in the economics of transportation: An interpretive

survey", Journal of Economic Literature XVIII(1), 1985, 57-94.

Button, K.J., 2010, Transport Economics, third edition Edward Elgar, Cheltenham, UD, Northampton, Mass. 2010.

Quinet, E. and R. Vickerman (2004), Principles of Transport Economics, Cheltenham and Northampton, Mass: Edward Elgar

Selected paper

Examination and completion

Grading scale *

P, F

Examination *

    Based on recommendation from KTH’s coordinator for disabilities, the examiner will decide how to adapt an examination for students with documented disability.

    The examiner may apply another examination format when re-examining individual students.

    P/F

    Other requirements for final grade *

    Term paper 4.0 Credits

    Written exam 3.5 Credits

    Opportunity to complete the requirements via supplementary examination

    No information inserted

    Opportunity to raise an approved grade via renewed examination

    No information inserted

    Examiner

    Anders Karlström

    Further information

    Course web

    Further information about the course can be found on the Course web at the link below. Information on the Course web will later be moved to this site.

    Course web FAH3461

    Offered by

    ABE/Systems Analysis and Economics

    Main field of study *

    No information inserted

    Education cycle *

    Third cycle

    Add-on studies

    No information inserted

    Contact

    Anders Karlström, amail@kth,se

    Ethical approach *

    • All members of a group are responsible for the group's work.
    • In any assessment, every student shall honestly disclose any help received and sources used.
    • In an oral assessment, every student shall be able to present and answer questions about the entire assignment and solution.

    Postgraduate course

    Postgraduate courses at ABE/Systems Analysis and Economics