Course Title: Transport Economics

Part A: Course Overview

Course Title: Transport Economics

Credit Points: 12.00

Terms

Course Code	Campus	Career	School	Learning Mode	Teaching Period(s)
OMGT1058	City Campus	Undergraduate	620H Business IT and Logistics	Face-to-Face	Sem 2 2010, Sem 2 2011, Sem 1 2012, Sem 2 2012, Sem 1 2013, Sem 2 2013, Sem 1 2014, Sem 2 2014, Sem 1 2015, Sem 2 2015, Sem 1 2016, Sem 2 2016, Sem 1 2018, Sem 1 2019, Sem 2 2019, Sem 1 2020, Sem 2 2020, Sem 1 2021
OMGT1058	City Campus	Undergraduate	630H Management	Face-to-Face	Sem 1 2006, Sem 2 2006, Sem 2 2007, Sem 2 2008, Sem 2 2009
OMGT1058	City Campus	Undergraduate	665H Accounting, Information Systems and Supply Chain	Face-to-Face	Sem 1 2022, Sem 1 2023
OMGT2102	Open Learning Australia	Non Award	620H Business IT and Logistics	Distance / Correspondence	OUASP1UG18, OUASP2UG19, OUASP1UG20, OUASP3UG20, OUASP2UG21
OMGT2102	Open Learning Australia	Non Award	665H Accounting, Information Systems and Supply Chain	Distance / Correspondence	OUASP3UG22
OMGT2227	Singapore Inst of Management	Undergraduate	620H Business IT and Logistics	Face-to-Face	Offsh1 13, Offsh1 14, Offsh1 15, Offsh1 16, Offsh2 16, Offsh3 16, Offsh3 18, Offsh1 19, Offsh3 19, Offsh1 20, Offsh3 20, Offsh1 21, Offsh3 21
OMGT2227	Singapore Inst of Management	Undergraduate	665H Accounting, Information Systems and Supply Chain	Face-to-Face	Offsh3 22, Offsh1 23, Offsh3 23, Offsh1 24
OMGT2278	RMIT University Vietnam	Undergraduate	620H Business IT and Logistics	Face-to-Face	Viet1 2018, Viet3 2018, Viet2 2019, Viet1 2020
OMGT2303	OUA CSP	Undergraduate	620H Business IT and Logistics	Internet	OUACSP2018

Flexible Terms

Course Code	Campus	Career	School	Learning Mode	Teaching Period(s)
OMGT2303	OUA CSP	Undergraduate	620H Business IT and Logistics	Internet	OUACSP2019 (All)
OMGT2303	OUA CSP	Undergraduate	620H Business IT and Logistics	Internet	OUACSP2020 (All)
OMGT2303	OUA CSP	Undergraduate	665H Accounting, Information Systems and Supply Chain	Internet	OUACSP2022 (All)
OMGT2303	OUA CSP	Undergraduate	665H Accounting, Information Systems and Supply Chain	Internet	OUACSP2023 (All)

Course Coordinator: Associate Professor Richard Tay

Course Coordinator Phone: +61 3 9925 1438

Course Coordinator Email: richard.tay@rmit.edu.au

Course Coordinator Location: City Campus, Building 80

Course Coordinator Availability: via email

Pre-requisite Courses and Assumed Knowledge and Capabilities

Prices and Markets (ECON1020/ECON1025/ECON1194) or an equivalent course code.

Course Description

This course is intended to provide you with an understanding of the basic microeconomic principles applicable to the transport sector. It also seeks to develop an understanding of various analytical techniques of managerial economics that facilitate decision-making in the areas of production and costs, demand, pricing, investment and government regulation and intervention in the transport sector. 

Objectives/Learning Outcomes/Capability Development

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On successful completion of this course you will be able to:

1.  Apply selected concepts, principles and procedures of transport economics for effective decision making.
2. Evaluate and apply appropriate analytic techniques and methods in forecasting demand for transport services, calculation of demand elasticity and transport planning.
3. Determine the profitability and viability of transport services and their operations in different market conditions with reference to the economic concept of cost and other cost constructs.
4. Determine the impact on firm performance and community welfare of different pricing strategies and governmental regulations in transport sectors.

Overview of Learning Activities

Your learning will be supported through various activities which may include quizzes; assignments; prescribed readings; sourcing, researching and analysing specific information; solving problems; debating selected topics on discussion forums and producing written work.

In this course you will be encouraged to be an active learner. Your learning will be supported through various in-class and online activities comprising individual and group work. These may include quizzes; assignments; prescribed readings; sourcing, researching and analysing specific information; solving problems; conducting presentations; producing written work and collaborating with peers on set tasks or projects.

Overview of Learning Resources

Various learning resources are available online through MyRMIT Studies\Canvas. The lecture notes and workshop notes are posted on Canvas.

Resources are also available online through RMIT Library databases and other facilities. Visit the RMIT library website for further details. Assistance is available online via our chat and email services, face to face at our campus libraries or via the telephone on (03) 9925 2020.

Additional resources and/or sources to assist your learning will be identified by your course coordinator and will be made available to you as required during the teaching period. 

Overview of Assessment

The assessment tasks, their weighting and the course learning outcomes to which they are aligned are as follows:

Assessment Task 1: 30%
Linked CLOs: 1, 2
Assessment Task 2: 30%
Linked CLOs: 3, 4
Assessment Task 3: 40%
Linked CLOs: 1, 2, 3, 4

Feedback will be provided throughout the semester in class and/or in online forums through individual and group feedback on practical exercises and by individual consultation.