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picture1_Transport Economics Pdf 128879 | Tec711s Unit 1 Introduction To Transport Economics


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File: Transport Economics Pdf 128879 | Tec711s Unit 1 Introduction To Transport Economics
unit 1 introduction to transport economics transport economics by immanuel nashivela outline in the course of this unit you will learn about the economic problem and its relevance to transport ...

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          UNIT 1 
             
     Introduction to Transport 
         Economics 
             
     Transport economics [TEC411S]  
       By: Immanuel Nashivela 
            Outline 
  In the course of this unit, you will learn about: 
    
  • The economic problem and its relevance to transport 
   issues 
  • The factors of production that make up the production 
   of all transport services 
  • The production possibility frontier and its illustration of 
   the three concepts of scarcity, choice and opportunity 
   cost 
  • The importance of transport to economic development 
   Introduction to Transport Economics 
               
  • Most individuals have a basic need to travel from 
   one location to another.  
  • Modern life-  structured around accessing goods 
   and services that lie outside of the immediate 
   vicinity of the home.  
  • Transport services required  
    – to gain access to  employment, education, leisure 
    activities, personal care/health services as well as 
    access to retail outlets for household goods such as 
    food, clothing, electrical goods, books, CDs and so on.  
   
  • The development of the world wide web,  
    – has not, as yet, succeeded in turning the majority of 
    individuals into computer geeks that need to get out 
    more!  
    – Transport therefore still has a key role to play in 
    modern society.  
  • This importance is further reflected in the link 
   between transport levels and economic growth. 
  • In the past this link has been very strong, as both 
   passenger and freight transport play a vital role in 
   the function of the economy, with strong growth 
   normally associated with innovative transport 
   solutions. 
    
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...Unit introduction to transport economics by immanuel nashivela outline in the course of this you will learn about economic problem and its relevance issues factors production that make up all services possibility frontier illustration three concepts scarcity choice opportunity cost importance development most individuals have a basic need travel from one location another modern life structured around accessing goods lie outside immediate vicinity home required gain access employment education leisure activities personal care health as well retail outlets for household such food clothing electrical books cds so on world wide web has not yet succeeded turning majority into computer geeks get out more therefore still key role play society is further reflected link between levels growth past been very strong both passenger freight vital function economy with normally associated innovative solutions...

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