Singapore University of Social Sciences

This course provides the working professional in the urban land transport sector with the basic economic tools and concepts that are directly useful to the analysis of a variety of urban land transport problems. Ideas that will be covered include the notion of a demand function for transport; the value of time; the costs of transport; the elasticity of transport demand and supply; the pricing of transport; congestion externality and various approaches to manage congestion. The basic analytics of social cost-benefit analysis and the economic appraisal of infrastructure projects will also be covered as will the government regulation of various aspects of urban transport.