Credits: 3 (3-0-0)
Prerequisites: M.Tech: CVL741; B.Tech: Instructor’s permission
Description
Overview of Transportation Economics; Transportation Investments and economic Development. Basics of Engineering economics, marginal analysis, opportunity cost, shadow price, money value of time, discounted cash flow, NPV, ROR, benefit-cost analysis. Road User Costs; Public transportation economics; Social Cost of Transportation;Cost of congestion, pollution, traffic accidents. Taxation, regulations, financing Transport Systems; Legal framework for transportation sector, case studies.