The course will cover analysis of transport pricing, economic valuation of non-market goods such as travel time and reliability, social cost-benefit analysis of transport investments and policy measures, and transport externalities such as congestion and emissions. Emphasis is on the use of analytical techniques to study real-world urban transportation problems and policy-making.
- Value of time, theoretical derivation and applied econometric methods
- Travel time reliability and variability, theory and applied econometric methods, and unresolved issues
- Congestion and road pricing
- Valuation and pricing of externalities
- Subsidization of public transport
- Welfare economics
- Principles for applied cost benefit analysis