Subject 'Transportation Economics'

Year:   2013/2014    2014/2015    2015/2016    2016/2017    2017/2018    

Modes of transport; transportation market. Capital and current assets in transportation. Determination the need of vehicles. The analysis of fleet exploitation. Calculation and the analysis of recourses of transport company. The structure and classification of transport cost. The net-cost calculation. Financial indicators of a transport company. An investment analysis on the basis of transportation company. Market regulation in transport. Transport systems in theory. Taxes and fees in transport; including public transportation - external cost of transport. Socio-economic cost-benefit analysis. Tasks, case studies.

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 analysing, based on principles that are currently active in practice of transportation economic.

Student:
- Knows theoretical points of transport economics, the role of transport in the economy, characteristics and behaviour of transportation markets.
- Is able to analyse complex problems regarding the choice of mode of transport within the company.
- 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.
- Is able to plan the volume of activity, and the need for vehicles in service:
a) conducts statistical database of consumption of current assets, commits the analysis of consumption;
b) 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.
- Is cognizant in planning, calculating and analysing an estimate transport costs, counting the net-cost and finding necessary financial information;
- Can use professional models for optimizing transportation and conduct cost-benefit analysis of transport-related investment.
- Is able to analyse the transport system individually by its components and integrated as a whole, to
find its bottlenecks in order to propose alternatives.
- 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.
- Is familiar with the transport company's accounting and cost accounting, main aspects, can provide an economic interpretation of financial indicators.
- Understands problems/goals of the European Union’s transport systems and is familiar with policy measures being applied.
- Has an overview of the freight and passenger transport pricing policies and competitiveness.
- Knows the basic principles of cost-benefit analysis and examples of its applications.

The course is conducted maximum 50% as e –learning based course. The other 50% (or more) classes are in-class contact-meetings with students. Contact-classes: networking, lectures, seminars (solving tasks and case studies, group works, presentations).

- e-course materials at TTK's MOODLE.
- M. Villemi; Transpordiökonoomika. Heaolu kontseptsioon, TTÜ Kirjastus 2011.
- M. Villemi; Transpordiökonoomika, Külim 1996.
- M. Villemi; Transpordi hinnakujundus, TTÜ Kirjastus 2003.
- T. Powell; The Principles of Transport Economics, PTRC 2001.
- J. Alver; L. Alver; Finantsarvestus. Tallinn, Kirjastus Deebet, 2009 a.
- P. Coto-Millán; V. Inglada; J.Castanedo-Galán; M. A. Pesquera; R.Núñez-Sánchez; Externalities Analysis of Investments in Infrastructure: a Practical Approach.
- W. K. Talley; Classifying Urban Passenger Transportation Services
- DIRECTIVE 1999/62/EC OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 17 June 1999 on the charging of heavy goods vehicles for the use of certain infrastructures; Official Journal of the European Communities.

The final Grande will form out of:
1) Full-time learning group (LI)
- Independent homework - writing an essay on the basis of foreign professional-based text (max 30 % of final grade);
- 3 main tests during the semester (max 30% of the final grade );
- A written exam at the end of semester ( max 40% of the final grade ).

2) Distance learning group (TLI) (the lowest positive result - grade 2):
- Independent homework - writing an essay on the basis of foreign professional-based text (max 30 % of final grade);
- A written exam at the end of semester ( max 70% of the final grade ).

* Students may improve their final grade by one grade in form of an oral interview with the lecturer at the end of semester.

Minimum positive grade - "satisfying" (2).

E-course at TTK's Moodle: * Transpordiökonoomika - Jelizaveta Janno (E-kursuse kvaliteedimärk 2011)
http://ekool.tktk.ee/course/view.php?id=226

2020: LO  

2019: TL  

2018: TL  

2017: TL  

2016: TL  

2015: TL  

2014: TL  

2013: TL