Economic Influences on Logistics

Logistics Courses & Business Education - Specialized Logistics Courses - Economic Influences on Logistics

Economic Influences on Logistics (formerly Transportation Economics) helps learners relate economic forces to costing, pricing and operating logistics operations within a business enterprise. Learners will gain a deeper understanding of macroeconomic trends, government intervention, and how to capitalize on microeconomic levers. And they’ll know how to use that knowledge to make seemingly uncontrollable influences on supply chain profitability much more predictable—and survivable.

Economic Influences on Logistics is an updated version of the CITT course Transportation Economics, and 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

Register now to take Economic Influences on Logistics online starting Jan 23 - Apr 15, 2023
You can also register by phone, fax or mail

Economic Influences on Logistics 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.

Topics include:

Logistics and Technology
Trade and Transportation
Transportation Costs & and Efficiencies
Supply and Demand of Transportation
Transportation Costing and Pricing - Road & Rail
Transportation Costing and Pricing - Ocean & Air
Location and Transportation
Government Policy's Influence on the Transportation Industry
Transportation and Environmental Economics

Course grads will be able to:

Adapt operations to the unique influences of Canadian infrastructure, transportation, trade agreements and logistics technology, and understand how they affect Canada’s ability to compete globally
Identifying all costs (direct, indirect, internal and external)
Adjust logistics strategies to changes in the health of the Canadian economy and economic cycles and governmental regulation
Capitalize on economic concepts such as supply and demand, diminishing returns and economies of scale
Decide between modes of transportation based on economic characteristics and internal and external factors
Develop pricing strategies considering inputs such as marginal and average costing, front haul / back haul pricing, price discrimination, and congestion cost pricing
Adjust to early signs of changes in supply and demand across modes and adjust modes to avoid cost increases and delays

Over 83% of Transportation Economics grads recommend the course to their colleagues.

"Higher profits, lower costs,
better negotiation skills."

To take Economic Influences on Logistics online this winter (starting Jan 23, 2023), register here

Economic Influences on Logistics Course Fee:

The fee for Economic Influences on Logistics is $800 plus applicable tax.

There is an additional International Fee of $125 plus 5% GST per course for students taking the course from outside Canada. There are no refunds issued for courses taken directly through CITT once your registration and payment has been received and processed.

Economic Influences on Logistics Course Materials:

The required textbook for this course is Concepts of Transportation Economics, by Barry E Prentice & Darren Prokop (ISBN: 9789814656160). As this textbook is not published by CITT, it has to be purchased externally. It is available at Indigo and Amazon.

All other readings will be available through the course site.

Please note: This only applies to courses taken directly through CITT. Fees for CITT courses taken through our partner educational institutions are set by those institutions.

Economic Influences on Logistics Assignments and Exam:

**Course work for Economic Influences on Logistics includes:**

Weekly Think Tank Discussions (20%)
Case Study Assignment (30%)
An Online Final Exam (50%)

Weekly Think Tank Discussions – 20% of course mark

Students participate in Think Tank weekly discussions focused on the modules that make up the Economic Influences on Logistics course materials. These online discussions engage students in reflection, dialogue and debate around the weekly topic, challenge students to apply the course material in real world business scenarios, and enable students to learn from their classmates and facilitator in addition to the course materials.

Think Tank marks are based on the quality, quantity and timeliness of responses in the Think Tank discussions. In general, students are expected to contribute 3-4 high-level comments throughout each week.

Highest marks are given for comments that:

offer substantive ideas to the discussion
provide major insights or direction for the group
demonstrate excellent preparation and familiarity with the relevant course materials
reflect relevant professional experiences of the learner
help to clarify or synthesize ideas
use direct quotes from the readings or other materials to support the discussion
respond critically to other learners’ comments
are shared early in the week to give other learners time to read and respond

Formal Report (Case Study Assignment) – 30% of course mark

The major project for Economic Influences on Logistics is the preparation of a formal report based on a case study scenario and questions. Learners are challenged to analyze the scenario provided, and apply the skills and knowledge gained throughout the course to prepare a detailed 10-12 page report including a high-level executive summary.

Final Exam – 50% of course mark

The final exam for Economic Influences on Logistics is held online, is 2.5 hours long, and is open-book. The exam is made up of a minimum of five essay-style questions.

The final exam period runs over the course of several days at the end of the semester. You can choose any (continuous) 2.5 hour window of time to begin & complete your exam during the exam period. Once exam period dates have been set for each semester they are available on the Key Dates page.

This exam requires access to a computer with a reliable internet connection. In order to reduce the chances of technical issues, learners should use the Firefox web browser.

Learning Assessment and Grades

Grades are reported as Honours, Pass, or Fail. To obtain a Pass, learners must earn a minimum grade of 50%. To achieve Honours, learners must earn a total grade of 80% or higher.

The final grade is assessed based on both term work and the final examination, as follows:

Weekly Think Tank Discussions – 20%
Case Study Assignment – 30%
Final Examination – 50%

Approximately one month after the final exam, you will receive your course results from CITT.

Language Options

Although the learning materials and course site are in English, a francophone facilitator is available and learners have the option of completing the formal report and answering exam questions in French if they desire.

Questions about Economic Influences on Logistics or the CCLP program of study and professional designation?

Download your free copy of our PDF guide for a complete overview of CITT courses and the CCLP designation.

You can also visit our FAQ section for answers to the most commonly asked questions that have helped thousands of supply chain and logistics professionals decide to enrol and start deepening and demonstrating their logistics and supply chain expertise with CITT and the CCLP program of study and professional designation.

Or simply contact the CITT team—we'd be happy to help you out by answering your questions or processing your course registration for you. We're available 9am to 5pm EST, Monday to Friday. Give us a call at 416-363-5696 ext. 0 or email us at info@citt.ca.

You can also fill out the form below if you'd like us to contact you with more information or an answer to your specific question.