Transport Economics is the perfect introduction to a career in the management in the Australian transport industry. This online unit, delivered by Open Universities Australia and RMIT University, provides a comprehensive study of economic theory and practical management strategies as they apply to the transport sector.
The unit will first teach you the value and demand for transport services, and then the core microeconomic principles of the industry. You will learn how to use industry standard software to estimate and predict economic models that impact transport. You’ll learn to analyse future transport methods, their viability and their economic impact on the industry. The same software and other data-analytical tools will be used to interpret various empirically derived demand elasticities.
All of the theory and analytical skills gained will feed into practical lessons in economic management. The findings you obtain through data analysis and modelling will enable you to discuss, suggest and design related economic policy and pricing schemes. Once you’ve completed the unit, you’ll be able to provide price management advice and cost-benefit strategies from both a private investor and social benefit perspective.
Additionally, you’ll gain an understanding of transport resource allocation and government regulation, and their effects on the industry.
You are recommended to have completed the following unit, or have equivalent knowledge, before starting this unit:
Principles of Economics
A knowledge of first year university statistics, specifically hypothesis testing and multiple-regression, and use of spreadsheets, is also recommended.
Areas of study
In this logistics unit, the topics you will study include:
Brief revision of microeconomic concepts and introduction to transport economics
Transport demand: concepts, forecasting techniques, elasticities
Costs: meanings , types, microeconomic analysis, empirical studies in transport
Profitability measurement and market structure analysis
Transport investment evaluation analysis: cost benefit analysis
Pricing transport services
Government intervention in transport
This unit is part of a major, minor, stream or specialisation in the following course:
Bachelor of Business (Logistics and Supply Chain Management),?RMIT University
Content may also be relevant to other courses, and could qualify you for Recognition of Prior Learning (RPL) for a course offered by another institution.
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Worried your online qualification won't be recognised? Think again.
Transport Economics offers an ideal introduction to a career in the transport industry. Studying this unit will give you the requisite knowledge and skills to analyse transport economics and produce or advise on related policies. Upon completion of the unit, you’ll be confident in pricing, analysing costs, increasing profitability, producing industry forecasts and predictive models, and discussing and advising on government intervention in transport.
How else will I benefit from this unit?
Upon successful completion of this unit you will receive credit for competencies in Transport Economics from RMIT University.
Studying online means you can study where you want, at your own pace.
Gain industry-relevant skills and transferrable knowledge.
Government financial support through FEE-HELP may be available.
Studying single units allows you the flexibility to work towards a qualification at your own pace.
Receive Recognition of Prior Learning (RPL) for this unit across a number of OUA’s full degree programs.
Get more information
Want more information about the career benefits of this unit? Fill out the enquiry form to the right and a study consultant will contact you with the details you need.
If you are an Australian citizen, you may be eligible to receive a government FEE-HELP loan, meaning you can defer payment of your fees.
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Want more information about financial and student support? Fill out the enquiry form to the right and a study consultant will contact you with the details you need.
You may be eligible to receive FEE-HELP for this course!
This course can be paid for through the FEE-HELP government loan scheme. If you are an Australian citizen or hold a permanent humanitarian visa, this means you don’t need to pay upfront.
Instead, the Australian government will pay your course fees on your behalf. You’ll begin repaying your loan through the tax system once you start earning more than the minimum threshold of $54,869 (2016-17 income year).
For two decades, Open Universities Australia (OUA) has partnered with leading Australian educators to make tertiary-level courses easier to access for people, no matter their background, their work status or their other life commitments. OUA has built up their reputation by making education more flexible, easier to tailor and available almost entirely online.
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This online Introduction to Enterprise Systems unit from RMIT University expands your knowledge and expertise in the development and implementation of increasingly popular enterprise resource planning systems.
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