-Study the economic framework to analyze the supply and demand for transportation
-Study how principles of economics can be applied to evaluate the effects of transportation plans and/or policies
1. Introduction of Economic Theory for Transportation Studies
2. Economic Benefit of Transport Infrastructure Development
3. Valuation of Travel Time Savings
4. Transportation Costs
5. Congestion Pricing
6. Why Cities Exist: Urban Formation and Agglomeration
7. Urban Spatial Structure
8. Individual Presentation
-Study the economic framework to analyze the supply and demand for transportation
-Study how principles of economics can be applied to evaluate the effects of transportation plans and/or policies
1. Introduction of Economic Theory for Transportation Studies
2. Economic Benefit of Transport Infrastructure Development
3. Valuation of Travel Time Savings
4. Transportation Costs
5. Congestion Pricing
6. Why Cities Exist: Urban Formation and Agglomeration
7. Urban Spatial Structure
8. Individual Presentation
-Varian, H.R. “Microeconomic Analysis,” Norton, 1992.
-McCarthy, P. “Transportation Economics,” Blackwell, 2001.
-Small, K. and Verhoef, E. “The Economics of Urban Transportation,” Routledge, 2007.
-Jara-Diaz, S. “Transport Economic Theory,” Elsevier, 2007.
-Brueckner, J. “Lectures on Urban Economics,” The MIT Press, 2011.
Prior Recommendation:
-Some chapters in the above-mentioned books are recommended to be studies prior to each class (announced by email). The lectures will be done based on this preparation.
-Several research papers related to each class topic will be circulated in advance and strongly recommended to be read prior to each class.
Class participation (15%), Assignments (60%) Final Presentation (25%)