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Subject 'Transportation Economics'

Name in Estonian: Transpordiökonoomika

Year:   2006/2007    2007/2008    2008/2009    2009/2010    2010/2011    

Statuspassive
State codeTLM281
Study languageEstonian
ChairTransport ja logistika
Credit points 3.5 CP; 4 ECTS
Grading method Exam

General description

The main relation between economics, technology and logistics. The role of transport in national economy, main tasks. Modes of transportation, comparison. Assets (capital assets and floating assets) in transportation - characteristics, structure, rating possibilities, usage, circulation. Calculation of intangible assets. Planning and calculation the transportation of goods and passengers. Calculation of material cost. Labor need, its calculation, planning wages fund. Working efficiency, wage policy, wages setups. Production cost, classification. Price policy of shipment, competition on the transportation market. Transportation net-cost calculation, affecting factors. Main cost in providing public transportation service - pricing passenger transport, foreign impacts. Company's main financial figures - profit, profitability, credit worthiness, assets usage efficiency,
Risks and cost-benefit. Bankruptcy and its forecast. Financial analysis tasks databases, analysis modules.

General aim

The objective of the course is to develop and verify economic knowledge on the base of logistics and transportation mainly. The course teaches to associate economic fundamental notions and economic terminology with transport sector. The main objective is to master the skills of planning,
calculating and analyzing, based on principles that are currently active in practice of transportation economic.

Aim

The student:
- commands specific terminology and associates it correctly with technology and economics.
- manages to refer different modes of transportation and determine their best usage.
- orientates in contemporary price policy and consequently is able to commit planning and
calculation of transport service as well as analyze production cost/ net-cost and determine material cost.
- manages in labor need figures, is able to plan wages fund and use different wages setups.
- is especially well orientated in financial figures and manages calculating them, is able to perform profitability calculations as well as forecast bankruptcy.

Form description

The course consists of theoretical lectures and practical classes. During the semester 3-4 tests are planned and agreed with students in the process of course. Personal assignment and presentation about examined project must be performed before final examination.

Literature

M.Villemi. Transpordiökonoomika Tallinn. Külim 1996.a.
V.Raudsepp. Finantsjuhtimise alused. Ettevõtte rahandus.Tallinn. Külim 1999.a.
J.Bõtskova, A.Teearu. Ärirahandus Tallinn 1997.a.
H.Kallam, E.Kolbre, E.Lend jt.Ärikorralduse põhiteadmised.Tallinn. Külim. 2003.a.
Äriseadustik
T.Powell "The Principles of Transport Economics" PTRC, London,2001

Is taught in following curricula

2012: LI  RT  
2011: LI  RT  
2010: LI  RT  
2009: LI  RT  
2008: LI  RT  
2007: LI  
2006: LI  

Related subjects

Replacement Subjects
TLM177 Transportation Economics
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