(Award available for year: Master of Science)
On completion of the programme students should have shown evidence of being able to:
- demonstrate an understanding of the different approaches to pricing, cost measurement and allocation of resources in the transport sector; recognising its special problems as compared to other sectors;
- understand the principles of welfare economics and be able to critically appraise their practical value in conducting cost benefit analysis;
- understand the complex trade-offs involved in determining the appropriate balance of regulation, competition and government involvement / ownership in transport and public utilities more generally;
- understand and be able to use appropriate econometric techniques for answering questions relevant to transport;
- understand the purpose and relative merits of the main transport models and to use a modelling package to analyse realistic, 'real life' problems in transport;
- demonstrate competence in the identification, collection, management and analysis of a range of data related to transport;
- design and conduct an independent research study on a topic related to transport economics.
Competence Standards 
1. Demonstrate critical analysis skills necessary to undertake a higher research degree and/or for employment in fields directly relevant, and closely aligned to Transport Economics.
2. Demonstrate knowledge and application of transport economic tools to effectively evaluate and appraise the design of transport systems and transport policies.
3. Demonstrate understanding of the role transport economics can play, in conjunction with other disciplines, to address complex transport problems
4. Identify, manage, analyse and interpret data from a diverse range of sources related to transport to develop solutions to transport to
develop solutions to transport problem
5. Effectively communicate key facts, ideas, problems, solutions.
6. Effectively work collaboratively in groups with appropriate support as required
The key skills that students will develop through the programme are highly relevant to a range of employment opportunities:
- being able to formulate and critically analyse key policy questions;
- being able to translate policy principles into practice;
- being able to understand the limitations and constraints of policies;
- being able to access up to date resources in an area and process them;
- to understand key data requirements and collection processes;
- being able to communicate confidently through written work and in oral presentations;
- being able to apply analytical skills to solve a wide range of economic, business and policy problems;
- being able to apply statistical techniques in a range of contexts;
- being able to independently research a substantive topic and draw balanced conclusions based on the evidence.
The learning outcomes for the programme have been designed in conjunction with the learning outcomes of the modules. Each module comprises a balance of assessment of understanding of core principles, critique of practice and demonstration of the ability to conduct key tasks. Importantly, the process of assessment takes a balanced approach to assessing both the learning outcomes and the achievement of the key skills portfolio outlined.
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