- Policy identification and strategy formulation.
- Frameworks for appraising transport policy impact – land use, accessibility, air pollution, noise, accidents, and sustainability.
- Principles for evaluating benefits and costs.
- Basic principles and methodology for market and non-market valuation, such as stated choice methods, hedonic price models, contingent valuation, and travel cost method.
- Present value, interest rate and discount rates.
- Taxes, charges and regulation.
- Principles and methods to handle uncertainties in appraisal and evaluation.
- Equity and distributional impacts.
- Sustainability and intergenerational equity.
- Implementation and barriers to implementation.
The content of the course is presented and exercised in tutorials. Further training is provided in laboratory exercises. In a project assignment, the student will assess different policies to address an urgent policy issue.