14 July 2023
Transport Economics and Analytics
Transport connectivity is often referred to as the lifeline of a nation and is a precondition for economic progress and development. In developed countries, transport typically accounts for 6-8% of Gross Domestic Product (GDP). This percentage can be higher than 20% in developing countries or in maritime nations such as Denmark and Singapore. Transport is also an integral part of a global supply chain system. Goods cannot move on their own from supply points to demand locations, conferring transport a central role in the global distribution of freight. Asset-based carriers such as Maersk and DHL create value-add in a supply chain by performing the "moving" function in the physical distribution of products, thereby facilitating international trade and globalisation.
This course explores the economic and business issues in the operation of international transport systems and deployment of transport assets, especially from the freight carriers’ perspective (rather than shippers’ or passengers’ perspectives). We draw upon the disciplines of microeconomics, decision analysis and operations research to present a holistic view of the theories and practices in the transport industry.
Shao Hung Goh
EUR 346: EU/EEA citizens
EUR 730: NON-EU/EEA citizens
No scholarships available