Introductory course incorporates both applied and theoretical approaches to transportation. Focuses on domestic transportation, but an international dimension is included. Covers basic modes of transportation, their economic and organizational characteristics, role and function in the economy, regulatory and policy issues, rate setting, principles of logistics, shipper and carrier management, and intermodalism. Includes theory of social goods and public decisions, the budgeting process, and the impact of taxation and expenditure on the allocation of resources, distribution of income and economic stability. Opportunity for students to earn academic credit by extending classroom learning to real-world settings.
Students obtain the cooperation of an employer and prepare a learning contract.
The rationale for international trade, comparative advantage. Topics include forecasts of sales, stock prices, interest rates, business fluctuations, and national income data. Methods include time series decomposition and regression, hypothesis testing and indexation. Teacher certification required or admission to Teacher Education Program and consent of instructor. In-depth discussion of current economic issues.