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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:
A knowledge of first year university statistics, specifically hypothesis testing and multiple-regression, and use of spreadsheets, is also recommended.
In this logistics unit, the topics you will study include:
This unit is part of a major, minor, stream or specialisation in the following course:
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.
Want more information about 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.
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.
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).Find out more about government study loans here.
Want more information about the career benefits of this course?
Fill out the enquiry form to the right and a study consultant will contact you with the details you need.