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TPM 423 Transport Economics

HND2 levelEnvironmental Sciences12 topics

TPM 423 covers 12 topics. StudyPath paces them into daily study sessions that finish before your exam date, with practice questions and worked answers for each one.

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Course outline

The topics this course covers, in teaching order.

  1. Basic concepts of economics and transport economics
  2. Macroeconomics and microeconomics
  3. Market situations in transport economics
  4. International trade and transport
  5. International trade theory and economic growth
  6. Foreign direct investment and state involvement in trade
  7. Transport services pricing and costing
  8. Supply and demand of transport services
  9. External transport costs and containment
  10. Transport and national economic development
  11. Economic growth theories and development indices
  12. Regulation and deregulation in transport

A sample from this course

One topic, as StudyPath teaches it.

Basic concepts of economics and transport economics

The core of basic economics for transport studies is the interaction of supply, demand, and price, along with the concepts of opportunity cost, market structure, and externalities. Mastering these ideas helps students analyse how transport services are priced, how demand shifts, and how government interventions can influence efficiency and equity in the transport sector.

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