| CODE | ECN1100 | |||||||||
| TITLE | Economics of Logistics and Transportation | |||||||||
| UM LEVEL | 01 - Year 1 in Modular Undergraduate Course | |||||||||
| MQF LEVEL | 5 | |||||||||
| ECTS CREDITS | 4 | |||||||||
| DEPARTMENT | Economics | |||||||||
| DESCRIPTION | Logistics is about how the flow of goods, information and money are managed. Transportation is an important part of logistics and transportation economics looks at the demand and supply of transport services and how demand and supply can be integrated to respond efficiently to people's requirements. Transportation is an important sector in the economy and provides many economic benefits to society. It requires a strong infrastructural support as well as on-going investment. However, as for other sectors in the economy, hard choices need to be made by policy-makers and private businesses. In today's economic climate, efficiency in transportation has assumed even greater significance. Topics that will be discussed in this course are: (a) What are the resources required to be used in Logistics and Transportation? (b) Different modes of transportation and pricing (c) Capacity and efficiency issues in Logistics and Transportation (d) Design of efficient logistics and transportation system compatible with environmental requirements (e) EU policy on transport Study-unit Aims Through an exploration of the above mentioned issues from EU policy on transport to various issues relating to Logistics and Transportation this course aims to impart certain skills and information to the students for them to gain a broader understanding of the subject. Learning Outcomes 1. Knowledge & Understanding: By the end of the study-unit the student will be able to: - interprete the economics of logistics and transportation which in turn could help to analyse transport and logistics issues; - determine differences in prices of transport modes and price elasticity; and to consider the effect of congestion and environment on pricing; - develop understanding of economies of scale, density and scope; measures of productivity and efficiency and their application to the real world. 2. Skills (including transferable [generic] skills): By the end of the study-unit the student will be able to: - analyse transport policy issues that are important to society. - apply techniques to formulate and critically analyse key policy questions in transportation and logistics, for example: What are the true costs of transport and how can they be measured effectively? Should users pay directly for their personal contribution to environmental damage? Main Text/s and any supplementary readings - McCarthy PS, (2001) Transportation Economics: Theory and Practice: A Case Study Approach. Oxford, Blackwell Publishers. - Stevens H, (2004) Transport Policy in the European Union. Hampshire/New York, Palgrave MacMillan |
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| STUDY-UNIT TYPE | Lecture | |||||||||
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| LECTURER/S | Philip Von Brockdorff |
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The University makes every effort to ensure that the published Courses Plans, Programmes of Study and Study-Unit information are complete and up-to-date at the time of publication. The University reserves the right to make changes in case errors are detected after publication.
The availability of optional units may be subject to timetabling constraints. Units not attracting a sufficient number of registrations may be withdrawn without notice. It should be noted that all the information in the description above applies to study-units available during the academic year 2023/4. It may be subject to change in subsequent years. |
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