School of Engineering and Technology, (SET)
 
CE73.14 : Transportation Economics and Project Evaluation  3(3-0)
 
Course objectives:

This course aims to provide students with the tools necessary to undertake transport project evaluation. These tolls comprises of microeconomics background, transport demand forecasting, impact analysis and comprehensive judgment.
 
Learning Outcomes:

Project evaluation system, estimation of project cost and benefit, economic evaluation and financial evaluation, and application of project evaluation system.
 
Pre-requisite(s):

None
 
Course Outline:
I.        Introduction: Project Evaluation System
1.      Background of project evaluation
2.      Project cycle
3.      Process of project evaluation
4.      Contents of project evaluation

II.     Consumer/ Producer Behavior – Microeconomics
1.      Theory of consumer behavior
2.      Theory of producer behavior

III.  Transport Demand Forecasting
1.      Travel demand model
2.      Impact analysis

IV.  Cost Estimation
1.      Classification of cost
2.      Economic and financial cost
V.      Measurement Method of Benefit
1.      Measurement method of benefit
2.      Application method

VI.   Economic Evaluation and Financial Evaluation
1.      Cost and benefit analysis
2.      Financial evaluation

VII.  Application of Project Evaluation System
1.      Case examples of transport project evaluation
 
 
Learning Resources:

Textbook:
Lecture notes provided by the instructor.

Adler, H.A. (1986):
            Economic Appraisal of Transport Projects: A Manual with Case Studies. [Case Studies], EDI Series in Economic Development, Revised and Expanded Edition.

Ortuzar, J. de D. and L.G. Willumsen (1990):
            Modelling Transport, John Willey and Sons.

Hal R. Varian (1999):
            Intermediate Economics, W.W.Norton & Company, Fifth Edition.
 
Reference Books:
James, T. Kneafsey (1975):
Transportation Economic Analysis, Lexington Books.
 

Layard, R. (editor) (1990):
Cost Benefit Analysis, Cambridge University Press, Second Edition.
 

Kenneth, A. Small (1995):
Urban Transportation Economics, Harwood academic publishers.
 
Journals and Magazines:

Journal of Public Economics


Journal of Transportation Economics and Policy
 
 
 
Evaluation Scheme:
Mid-Semester Examination         30%
 
Semester Project                       20%
 
Final Examination                      50%

Closed book exams
 
Instructor(s):
SECTION NAME
A Dr. Makoto Chikaraishi , Dr. Pattharin Sarutipand