Description
Transport Economics in the Diploma in Transport and Logistics equips learners with the economic reasoning needed to understand and manage transport systems. The book opens with the foundations of transport economics: demand and supply in transport markets, the costs operators face and the pricing decisions that follow. It then develops the economics of transport modes and markets, transport costs and pricing strategies, and the role of government through regulation, subsidy and competition policy. Further chapters address transport investment appraisal and project evaluation, freight transport economics, and international transport and trade. The closing chapters turn to the urban context: the economics of public transportation systems, congestion and its solutions, and the integration of land use with transport planning, before surveying emerging trends in digital technology, automation, green logistics and smart mobility. Its eight chapters follow the unit’s lessons step by step, each with practical exercises, a global scope discussion and current advances in technology, preparing the learner to make sound economic decisions in any transport organisation.
