ECON-4555 (3) Transportation Economics and Policy

Provides an overview of the characteristics and structure of transportation markets including aggregate demand, vehicle and mode choice, surface freight and air travel. Explores market failures in the transportation sector including market power and externalities such as pollution, congestion and accidents as well as policies aimed at addressing these issues. Requisites: Requires prerequisite courses of ECON 3070 and ECON 3818 (all minimum grade C-).