Subject 'Transportation Economics'

Year:   2016/2017    2017/2018    2018/2019    2019/2020    2020/2021    

- Task-solving based on the theory of transportation economics;
- Capital and current assets in transportation, their characteristics, structure, assessment, use,
circulating.
- Aging of capital assets and amortization calculation;
- Program/ plan of activity - planning and calculating the activity of freight and passenger transport .
Comparison of indicators and economic analysis;
- Cost of materials - cost of fuel, cost of tires. Staff calculation. Labor productivity figures in transport;
- Technical development planning, new techniques and technology, economic efficiency calculation
(operating lease, capital-rent leasing);
- The structure and classification of transport cost, net-cost calculation, factors affecting it;
- Factors affecting transport demand determinants, the marginal cost and its use in business decisions;
- The position of equilibrium, market regulation in transport - the transport externalities, public
transportation vs car usage, Pareto optimality, external cost transformation into internal cost.
- Socio-economic cost-benefit analysis, the lowest cost model;
- Financial indicators of a transport company - profit, cost benefit, business solvency, return on assets
(ROA), return on equity (ROE); return on investments (ROI). Risks and profitability.
- Taxes and fees in transport.

The course aims to deal with basics of transportation economics and their applications on freight and passenger transport levels. Acquired knowledge and skills within the framework of the subject, create a primary idea of exploring and analyzing of interdisciplinary relationships both individually and at company level in the system as a whole. The acquisition gives the idea of forming and understanding the substance of "Transport Strategy".

Student:
- Is familiar with the terminology, holds knowledge of the nature of transportation economics, its
theory and application possibilities;
- Is able to associated the economy with techniques and technology;
- Understands the pricing policy in freight and public transport;
-Is cognizant of the transport expenditure categories - commits cost accounting and creates cost
accounting system for a company, is able to determine the cost of materials and plan the workforce and calculate the payroll;
- Can identify the different types of stocks in transport;
- Conducts statistical database of consumption of current assets, commits the analysis of consumption;
- Plans and organizes maintenance and repairs of fleet - contracts the maintenance and repairing with workshops, prepares regular maintenance schedules for the fleet, organize regular in-house inspection of vehicles;
- Can use professional models for optimizing transportation and conduct cost-benefit analysis of
transport-related investment;
- Is able to analyze the transport system individually by its components and integrated as a whole, to
find its bottlenecks in order to propose alternatives;
- Is cognizant in planning, calculating and analyzing an estimate transport costs, counting the net-cost and finding necessary financial information;
- Understands the content of financial indicators, is able to calculate and provide an economic
interpretation;
- Is adequate to react to matters related to transportation economics within the company - is able to see the links between costs and effectiveness of the company.

Course may be conducted in two forms: in classes or in e-learning format. In the first case the subject consists of lectures and practices. During practices different tasks are being solved, developed discussions on the vital issues of transportation economics. Home works are being given to students in order to practice studying independently. In the second case, all learning materials regarding the subject are uploaded into MOODLE setting. Students work individually studying theoretical material, solve personal exercises and solve self-tests. Meetings within classroom take place in accordance with the wishes of students.

M.Villemi, Transpordiökonoomika, Tallinn. Külim 1996.a.
M. Villemi, Transpordi hinnakujundus. Tallinn: TTÜ Kirjastus, 2003
H.Kallam, E.Kolbre, E.Lend jt.Ärikorralduse põhiteadmised.Tallinn. Külim. 2003.a.
T. Powell "The Principles of Transport Economics" PTRC, London 2001
Summary prepared by the lecturer, practice-tasks, case-studies.

In case of auditory learning two main tests (max 50% grades) and final exam (max 50% of final grade) will take place. The final evaluation is carried out at the end of a course out of practical main tests and theoretical written exam results. 2 main test are obligatory as well as exam at the end of course, all of them must all be performed ​​at least positively (i.e. min 51%). Additional homework, given by lecturer, must be submitted in a timely manner. 2 main test within a semester give totally 60% out of final result. The remaining 40% are formed out of independent home work and teamwork (solving cases in classes) results.
In case of e-learning the final grade will form out of 3 graded tests in MOODLE setting (15-30% of final result) and written essay on a foreign language material basis (30% of final result).

2012: LI  RT  

2011: LI  RT  

2010: LI  RT  

2009: LI  RT  

2008: LI  RT  

2007: LI  

2006: LI