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Transportation Economics applies economic principles to the profitable management of transportation and logistics. Working with a deeper understanding of macro-economic trends, government intervention (or deregulation) and a better knowledge of how to use micro-economic levers to their advantage, learners can make seemingly uncontrollable influences on supply chain profitability much more predictable—and survivable.
Transportation Economics is recommended for buyers or suppliers of transportation services or anyone involved in pricing decisions, planning of supply, demand or supply-chain capacity management.
Prerequisites: Transportation Systems and Logistics Processes
Recommended: Introductory Economics or equivalent
Transportation Economics helps professionals understand, anticipate and adjust for economic factors impacting their business, allowing them to compete and remain profitable even in tough economic, competitive or regulatory conditions.
Course grads will be able to:
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Anticipate how the health of Canada’s economy will impact supply, demand, pricing and profitability in the supply chain and transportation sector and how to best respond to economic cycles.
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Understand how government regulations impact companies’ operations, costs and pricing.
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Recognize the early signs of changes in supply and demand in the various transportation modes, and adjust modal planning to avoid cost increases and service delays or interruptions.
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Perform thorough cost/benefit analyses, identifying all costs (direct, indirect, internal and external) so companies are better prepared to deal with competition.
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Apply key economic concepts such as the point of diminishing returns and economies of scale to pricing and profitability decisions.
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Develop different transportation pricing strategies considering a variety of inputs such as: marginal and average costing, peak load, fronthaul and backhaul pricing, congestion cost pricing and price discrimination.
Over 83% of Transportation Economics grads recommend the course to their colleagues.
"Higher profits, lower costs,
better negotiation skills."
To take Transportation Economics online, register here.
Course Fee:
The fee for Transportation Economics is $615 plus applicable tax (see chart).
This fee includes all course materials and textbooks. International students must pay an additional $125 plus 5% GST per course. There are no refunds issued for courses taken directly through CITT once your registration and payment has been received and processed.
Course Materials:
All materials required to complete this course will be available online.
Assignments and Examination:
This course will require candidates to complete all assignments online. The final examination is also held online. More detailed information regarding your final examination will be provided with your course registration confirmation.
Grades are reported as Honours, Pass, or Fail. To obtain a Pass, candidates must obtain a grade of 50%. The final grade is based on both term work and the final examination.
Students have the option of completing assignments and examinations in French if they desire.
Please note: This only applies to courses taken directly through CITT. Fees may vary for courses taken through other educational institutions.
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