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Transport economics (6 points)
Synopsis: Role of transport in the economy; the determinants of demand for passenger and freight transport services; cost characteristics of various modes, pricing of private and publicly owned transport; urban transport problems; business logistics; evaluation of transport projects; regulation, deregulation and privatisation.
Assessment: Mid-semester quiz: 30% + Tutorial exercises: 20% + Examination (2 hours): 50%
Contact Hours: 2-hour lecture and 1-hour tutorial per week
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