Amsterdam, Netherlands

Transport Economics

Master's
Language: EnglishStudies in English
Subject area: engineering and engineering trades
Time study: 1 year
University website: vu.nl/en
Economics
Economics () is the social science that studies the production, distribution, and consumption of goods and services.
Transport
Transport or transportation is the movement of humans, animals and goods from one location to another. Modes of transport include air, land (rail and road), water, cable, pipeline and space. The field can be divided into infrastructure, vehicles and operations. Transport is important because it enables trade between people, which is essential for the development of civilizations.
Transport Economics
Transport economics is a branch of economics founded in 1959 by American economist John R. Meyer that deals with the allocation of resources within the transport sector. It has strong links to civil engineering. Transport economics differs from some other branches of economics in that the assumption of a spaceless, instantaneous economy does not hold. People and goods flow over networks at certain speeds. Demands peak. Advance ticket purchase is often induced by lower fares. The networks themselves may or may not be competitive. A single trip (the final good, in the consumer's eyes) may require the bundling of services provided by several firms, agencies and modes.
Transport
Public transport is functionality for people not engineers.
Johan Neerman “Het Laatste Nieuws” (December 2001), p. 16
Transport
Happy, happy Christmas, that can win us back to the delusions of our childish days; that can recall to the old man the pleasures of his youth; that can transport the sailor and the traveller, thousands of miles away, back to his own fireside and his quiet home!
Charles Dickens (1836) Pickwick Papers Chapter 28.
Economics
Economics is, in essence, the study of poverty.
Ronald Max Hartwell, The Long Debate on Poverty (1972), p. 3
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