ECONOMICS AND FINANCE
Bachelor	TR-NQF-HE: Level 6	QF-EHEA: First Cycle	EQF-LLL: Level 6

Course Introduction and Application Information

Course Code	Course Name	Semester	Theoretical	Practical	Credit	ECTS
LOG4432	Transport Economics	Spring	3	0	3	6

This catalog is for information purposes. Course status is determined by the relevant department at the beginning of semester.

Basic information

Language of instruction:	English
Type of course:	Departmental Elective
Course Level:	Bachelor’s Degree (First Cycle)
Mode of Delivery:	Face to face
Course Coordinator :	Dr. Öğr. Üyesi TUBA TORU DELİBAŞI
Recommended Optional Program Components:	None
Course Objectives:	The course aims at presenting students with the main tools of transportation economics. The course discusses the main concepts, theories, models and methods in transportation economics and puts special emphasis on contemporary urban transportation problems and policy issues. Topics of the course include, demand analysis, pricing, regulation in transport industry, network economics, cost analysis, market structure analysis, public transport analysis, externalities, investment analysis.

Learning Outcomes

The students who have succeeded in this course;
Knowledge of main concepts, teories, models and methods in transportation economics.
Knowledge of current problems of transportation economics and policy.
Knowledge of current problems of logistics and supply chain management.
The ability to define and analyze the structure of the transport sector and conditions of the market and logistic services
To understand the components of logistics as well as the importance of the coordination among these components.
To know the necessary ingredients for improving the productivity in business life
To understand the demands and particular questions of globalization
To be aware of the two way interaction between globalization and logistics; as well as to use this interaction for increasing the productivity.
To be able to identify business processes and use them to increase the productivity in logistics system.

Course Content

I. TRANSPORTATION DEMAND / Why Study Transportation Economics? / The Source of Transportation Demand / Demand for Freight Transportation / The Demand for Passenger Transportation
II. TRANSPORTATION COSTS. / Transportation Cost Concepts. / The Costs of Fixed Facilities. / Transport Vehicle Cost. / The Cost of Operating Transport Vehicles.
III. ECONOMIC PRINCIPLES FOR TRANSPORT PRICING. / Transportation Investment and Disinvestment. / Efficient Pricing. / Paying for Use of Transport Facilities.
IV. GOVERNMENT REGULATION OF TRANSPORTATION. / Market Power in Transportation. / Regulation of Market Power in Transportation. / Regulation of the Social Costs of Transportation.

Weekly Detailed Course Contents

Week	Subject	Related Preparation
1)	Introduction to the course
2)	I. TRANSPORTATION DEMAND / Why Study Transportation Economics? /	Textbook
3)	I. TRANSPORTATION DEMAND / The Source of Transportation Demand	Textbook
4)	I. TRANSPORTATION DEMAND / Demand for Freight Transportation / The Demand for Passenger Transportation	Textbook
5)	II. TRANSPORTATION COSTS / Transportation Cost Concepts	Textbook
6)	II. TRANSPORTATION COSTS / The Costs of Fixed Facilities	Textbook
7)	II. TRANSPORTATION COSTS / Transport Vehicle Cost / The Cost of Operating Transport Vehicles	Textbook
8)	Review
9)	Midterm Exam
10)	III. ECONOMIC PRINCIPLES FOR TRANSPORT PRICING. / Transportation Investment and Disinvestment.	Texbook
11)	III. ECONOMIC PRINCIPLES FOR TRANSPORT PRICING / Efficient Pricing	Textbook
12)	III. ECONOMIC PRINCIPLES FOR TRANSPORT PRICING / Paying for Use of Transport Facilities	Textbook
13)	IV. GOVERNMENT REGULATION OF TRANSPORTATION / Market Power in Transportation	Textbook
14)	IV. GOVERNMENT REGULATION OF TRANSPORTATION / Regulation of Market Power in Transportation / Regulation of the Social Costs of Transportation	Textbook
15)	Review
16)	FINAL EXAM

Sources

Course Notes / Textbooks:	Principles of Transportation Economics, Kenneth D. Boyer, Michigan State University ISBN-10: 0321011031
References:	.

Evaluation System

Semester Requirements	Number of Activities	Level of Contribution
Midterms	1	% 40
Final	1	% 60
Total		% 100
PERCENTAGE OF SEMESTER WORK		% 40
PERCENTAGE OF FINAL WORK		% 60
Total		% 100

ECTS / Workload Table

Activities	Number of Activities	Duration (Hours)	Workload
Course Hours	13	3	39
Study Hours Out of Class	10	9	90
Homework Assignments	8	3	24
Midterms	2	2	4
Final	1	2	2
Total Workload			159

Contribution of Learning Outcomes to Programme Outcomes

No Effect	1 Lowest	2 Low	3 Average	4 High	5 Highest

	Program Outcomes	Level of Contribution
1)	Build up a body of knowledge in mathematics and statistics, to use them, to understand how the mechanism of economy –both at micro and macro levels – works.	3
2)	Understand the common as well as distinctive characters of the markets, industries, market regulations and policies.	3
3)	Develop an awareness of different approaches to the economic events and why and how those approaches have been formed through the Economic History and understand the differences among those approaches by noticing at what extent they could explain the economic events.	1
4)	Analyze the interventions of politics to the economics and vice versa.	1
5)	Apply the economic analysis to everyday economic problems and evaluate the policy proposals for those problems by comparing opposite approaches.	4
6)	Understand current and new economic events and how the new approaches to the economics are formed and evaluating.	2
7)	Develop the communicative skills in order to explain the specific economic issues/events written, spoken and graphical form.	2
8)	Know how to formulate the economics problems and issues and define the solutions in a well-formed written form, which includes the hypothesis, literature, methodology and results / empirical evidence.	1
9)	Demonstrate the quantitative and qualitative capabilities and provide evidence for the hypotheses and economic arguments.	3
10)	Understand the information and changes related to the economy by using a foreign language and communicate with colleagues.	3