TRANSPORTATION ECONOMICS PROGRAMME COURSE DESCRIPTION

Code	Name of the Course Unit	Semester	In-Class Hours (T+P)	Credit	ECTS Credit
HYM207	TRANSPORTATION ECONOMICS	3	3	3	6

GENERAL INFORMATION
Language of Instruction :	Turkish
Level of the Course Unit :	BACHELOR'S DEGREE, TYY: + 6.Level, EQF-LLL: 6.Level, QF-EHEA: First Cycle
Type of the Course :	Compulsory
Mode of Delivery of the Course Unit	-
Coordinator of the Course Unit	Assoc.Prof. SEDA MUMLU KARANFİL
Instructor(s) of the Course Unit	Assist.Prof. GÖZDE ÇAĞLAR GHASIDI
Course Prerequisite	No

OBJECTIVES AND CONTENTS
Objectives of the Course Unit:	The aim of the course is to examine transport services through microeconomic and macroeconomic analytical tools; to provide a theoretical perspective on demand, cost, market structure and pricing analyses as well as on regulation, subsidy, environmental externalities and the appraisal of transport investments; and to analyse the transport subsystems and transport policies of Türkiye from an economic point of view.
Contents of the Course Unit:	The course covers microeconomically based topics such as demand, supply and equilibrium in the market for transport services, demand elasticity, cost structures, firm behaviour under perfect and imperfect competition, and pricing; together with the relationship between transport and economic development, environmental externalities, regulation and ownership structures, subsidy policies, the economics of freight transport, the appraisal of transport projects, and transport subsystems and transport policies in Türkiye.

KEY LEARNING OUTCOMES OF THE COURSE UNIT (On successful completion of this course unit, students/learners will or will be able to)
Defines the basic concepts of transport economics and the relationship between transport and economic development.
Explains the formation of demand, supply and equilibrium in the market for transport services, and the elasticity of transport demand.
Compares transport cost structures and firm behaviour under different market structures.
Explains pricing principles in transport services, environmental externalities, and regulation and subsidy policies.
Explains the basic characteristics of freight transport economics and the methods used in the appraisal of transport investments.
Explains the economic structure of transport subsystems in Türkiye and the transport policies implemented.

WEEKLY COURSE CONTENTS AND STUDY MATERIALS FOR PRELIMINARY & FURTHER STUDY
Week	Preparatory	Topics(Subjects)	Method
1	Reading	Course Introduction and Introduction to Transport Economics: Basic Concepts and Scope	Lecture, Question and Answer, Discussion
2	Reading	Transport and Economic Development	Lecture, Question and Answer, Discussion
3	Reading	The Market for Transport Services: Demand, Supply and Equilibrium	Lecture, Question and Answer, Discussion
4	Reading	Transport Demand Elasticity	Lecture, Question and Answer, Discussion
5	Reading	Transport Costs: Cost Structures and Economies of Scale	Lecture, Question and Answer, Discussion
6	Reading	Perfect Competition in Transport Markets	Lecture, Question and Answer, Discussion
7	-	MID-TERM EXAM	-
8	Reading	Imperfect Competition in Transport Markets	Lecture, Question and Answer, Discussion
9	Reading	Pricing of Transport Services	Lecture, Question and Answer, Discussion
10	Reading	Transport and the Natural Environment: Environmental Externalities	Lecture, Question and Answer, Discussion
11	Reading	Regulation, Ownership Structures and Subsidy Policies in Transport	Lecture, Question and Answer, Discussion
12	Reading	The Economics of Freight Transport	Lecture, Question and Answer, Discussion
13	Reading	Appraisal of Transport Investments	Lecture, Question and Answer, Discussion
14	Reading	Road and Rail Subsystems in Türkiye	Lecture, Question and Answer, Discussion
15	Reading	Maritime and Air Transport Subsystems in Türkiye, Turkish Transport Policies	Lecture, Question and Answer, Discussion
16	-	FINAL EXAM	-
17	-	FINAL EXAM	-

SOURCE MATERIALS & RECOMMENDED READING
Prentice B., Prokop D. (2015), Concepts of Transportation Economics, World Scientific Publishing Company
McCarthy., (2001). Transportation Economics: Theory and Practice: A Case Study Approach, Wiley.
Cowie and Ison (2018).The Routledge Handbook of Transport Economics, Routledge.
Vasigh, B., Fleming, K., & Tacker, T. (2018). Introduction to air transport economics: from theory to applications. Routledge.
Cowie, J. (2010). The Economics of Transport: A Theoretical and Applied Perspective, Routledge.

ASSESSMENT
Assessment & Grading of In-Term Activities	Number of Activities	Degree of Contribution (%)	Description	Examination Method
Mid-Term Exam	1	50		Optical (Test) Exam
Final Exam	1	50		Optical (Test) Exam
TOTAL	2	100

Level of Contribution
0	1	2	3	4	5

KNOWLEDGE
Theoretical
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Explain the historical development process of Aviation Management	0
2	Use computer programs related to Aviation Transportation	0
3	Define basic concepts related with aviation management.				3

KNOWLEDGE
Factual
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Relate the information and facts in the field with other social sciences such as law, sociology, philosophy and history.			2
2	Classify the relationship between the basic functions of the business and the interactions between these functions.		1
3	Apply knowledge and skills related to his / her field by considering the legal aspect of occupational health and safety.		1
4	Explain the concepts of entrepreneurship and innovation with the field.		1

SKILLS
Cognitive
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Manage operational activities related to the airline.	0
2	Gain lifelong learning skills and use knowledge of the field in the business life with the awareness of social responsibility.			2

SKILLS
Practical
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Prepare written agreements with relevant institutions in accordance with the legislation.	0
2	Perform the theoretical and practical knowledge related to the field with appropriate analytical methods and modeling techniques in business life.			2
3	Cooperate with stakeholders related to air transport.		1
4	Develop the modern techniques and tools necessary for applications related to the field.	0
5	Manage all phases from planning to implementation of aviation operations as a member of a team.		1

OCCUPATIONAL
Autonomy & Responsibility
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Execute a study in his/her field independently.			2
2	Decide as an individual or a team member to solve the problems encountered in applications related to the field.		1

OCCUPATIONAL
Learning to Learn
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Evaluate advanced knowledge and skills in his/her field with a critical approach.					4
2	Apply activities to improve his/her performance and his / her responsibility in line with the learning objectives by determining the learning needs.		1

OCCUPATIONAL
Communication & Social
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Communicate with people and institutions related to the field in writing and verbally.		1
2	Explain his/her thoughts on the issues related to the field and suggestions for solutions to the problems by the related departments by using supporting quantitative and qualitative data.			2
3	Organize projects and activities for the social environment with social responsibility consciousness and to be able to apply those.		1

OCCUPATIONAL
Occupational and/or Vocational
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Manage airports and terminal operations efficiently using aviation and business information.			2

WORKLOAD & ECTS CREDITS OF THE COURSE UNIT
Workload for Learning & Teaching Activities
Type of the Learning Activites	Learning Activities (# of week)	Duration (hours, h)	Workload (h)
Lecture & In-Class Activities	14	3	42
Preliminary & Further Study	13	3	39
Land Surveying	0	0	0
Group Work	0	0	0
Laboratory	0	0	0
Reading	13	1	13
Assignment (Homework)	0	0	0
Project Work	0	0	0
Seminar	0	0	0
Internship	0	0	0
Technical Visit	0	0	0
Web Based Learning	13	1	13
Implementation/Application/Practice	0	0	0
Practice at a workplace	0	0	0
Occupational Activity	0	0	0
Social Activity	0	0	0
Thesis Work	0	0	0
Field Study	0	0	0
Report Writing	0	0	0
Final Exam	1	1	1
Preparation for the Final Exam	5	5	25
Mid-Term Exam	1	1	1
Preparation for the Mid-Term Exam	4	5	20
Short Exam	0	0	0
Preparation for the Short Exam	0	0	0
TOTAL	64	0	154