MTL502 Transportation Demand and Economics

Instructor: To Be Announced

Transportation Demand and Economics introduces students to the concepts required for a rigorous understanding of transportation economics and markets. In the first half of the course, we present consumer and firm theory, with a special focus on discrete choice analysis for consumer behavior. Theoretical developments such as utility maximization, duality, and cost and production functions are supplemented with empirical results, case studies, and papers from the transportation literature. A wide range of transportation modes for both passenger and freight are considered. In the second half of the course, we merge the supply and demand theory to consider pricing, regulation and deregulation, market structure, project evaluation, technological change, and network economics.