TEM 510 - International Transportation Economics

Students learn to apply microeconomic principles, especially in the field of freight transportation, with special attention to international transport and maritime related scenarios. Students use classical and behavioral microeconomic methods and practices to illuminate the management of enterprises and assets in transportation markets, as well as in their global settings and in the presence of external influences such as regulation and political and social concerns. Students work individually and in teams to analyze case studies on specific topics in the field, and practice issue diagnosis and explanation using the important concepts and methods covered. Topics include: Modern theories of transport supply and demand, the firm and costs, industrial organization in markets, externalities, regulation, and models of social welfare. Examples will be drawn primarily from freight transportation scenarios, including a maritime link.