The course presents basic economic principles as well as cost benefit analyses in transport; it also introduces methods used to derive the monetary values of non-market goods.
Objective
Familiarity with basic microeconomic and macroeconomic principles and with the essential methods of project appraisal
Content
Basic microeconomic and macroeconomic üpronciples; Cost-Benefit-Analyses; multi-criteria analyses; European guidelines; stated response methods; travel cost approach and others; Valuation of travel time savings; valuation of traffic safety
Lecture notes
moodle platform for the basic economic principles; handouts