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Lei Zhang
Herbert Rabin Distinguished Professor
Director, National Transportation Center
Dept of Civil and Environmental Engineering
1173 Glenn Martin Hall
University of Maryland
College Park, MD 20742
Tel: (301) 405-2881
Email: lei@umd.edu

 

ENCE 688Q

Transportation Economics (3 credits)

Description: Transportation Economics applies economic theories to transportation engineering and planning. Topics include: demand and demand forecasting, cost and cost estimation, externalities pricing, investment, regulation, industrial organization, economic impact, equity, and other social/environmental issues. Applications and special topics cover urban, intercity, and multimodal transportation.

Outline:

Week

Date

Topic

Readings

Due

1

9/1

Course Introduction and Organization

Syllabus

9/3

Group Project: Purple Line LRT Benefit Cost Analysis

Group Project Files

2

9/8

Evaluation

TEP5, EUT5.2

9/10

Discussion 1: Benefit cost Analysis

Evaluation Wikibook, Flyvbjerg2005

Reading Summary

3

9/15

Demand I: Models and Applications

TEP2

9/17

Discussion 2: Evolution of travel demand models

McFadden2000, Zhang2006a

Reading Summary

4

9/22

Demand II: Disaggregate and Activity-Based Demand Models

EUT2

Project Data Request

9/247

Discussion 3: Preference and Value

Zhang2007, Hensher1999

Reading Summary

5

9/29

Cost I: Learning about Transportation Cost

TEP3

Term Paper Topic

10/1

Discussion 4: Full Cost of Travel

Levinson1997

Reading Summary

6

10/6

Cost II: Highway and Transit Cost Functions

EUT3

Group Project Progress Report

10/8

Discussion 5: Cost Efficiency and Cost Allocation

McMullen1999, FHWA1997

Reading Summary

7

10/13

Discussion 6: Negative externalities

Delucchi2000, Forkenbrock 2001, Sutter2001

Reading Summary

10/15

Pricing I: Pricing Theory

TEP4&6

8

10/20

Pricing II: Congestion Pricing Models

EUT3

Term Paper Outline

10/22

Discussion 7: Congestion pricing in practice

London, CaliforniaSR91, SanDiegoHOT

Reading Summary

9

10/27

Investment I: Transportation Planning and Investment Process

EUT5.1, Zhang2009a

10/29

Discussion 8: Positive Externalities and Transportation Infrastructure Investment

Canning2000, Weisbrod1998, Blum1998

Reading Summary

10

11/3

Investment II: Joint Pricing and Investment Models

Zhang2008a, Lindsey2000

11/5

Discussion 9: Transportation Network Growth

Economides1996, Zhang2006b

Reading Summary

11

11/10

Group Project Presentation

Group Project Report

11/12

Discussion 10: Vehicle ownership and use models

West2004, Mannering1987, Train 1986

12

11/17

Equity

Levinson2002

11/19

Discussion 11: Distributional Effect of Transportation Policies

Zhang2004, Zhang2009b

Reading Summary

13

11/24

Discussion 12: Regulation and Deregulation

TEP14, Ivaldi2008, West2004, Small2005

Reading Summary

11/26

Happy Thanksgiving

14

12/1

Industrial Organization and Ownership

EUT6

12/3

Discussion 13: Privatization and Public-Private Partnerships

Zhang2008b, Cowie1999, Hooper2000

Reading Summary

15

12/8

Term Paper Presentation I

Term Paper

12/10

Term Paper Presentation II

16

Final Exam Week (No Final Exam)

 

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