Transport Economics

Qualification: Undergraduate unit
Study mode: Online
Payment options: FEE-HELP may be available
Duration: 13 weeks
Start date: Enquire now for upcoming start dates
Awarded by: RMIT University
Course Unit A course unit is a single subject offered as part of a program of study, but can be completed individually. You may receive Recognition of Prior Learning for studying this unit.

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About this unit

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.

Eligibility

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

Course pathways

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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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.

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How will this unit advance my career?

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.

Financial assistance

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.

 

Get more information

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).

Find out more about government study loans here.
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OUA's devotion to online education remains to this day, but where they once focused on higher education, today they offer the broadest set of post-secondary education and training programs in Australia.
Open Universities Australia offers a range of administrative and student support options. As a student of OUA you will have access to four hours of free expert tutoring support for each unit undertaken through the tutoring service SMARTHINKING. This on-demand service allows you to get fast, detailed feedback on your assignment drafts and gives you access to your tutor in real time.

The My OUA portal is an online student medium that allows you access to all your course and enrolment information as well as access to student forums and assessment tips.

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Get more information

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.

FREE CALL 1800 063 523

Monday to Friday: 8am - late
Saturday and Sunday: 9am - 5pm

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