Economics 402/502
Transportation Economics
Syllabus
Fall 2003
Instructor:
Dr. Wayne K. Talley
Office:
2156 Constant Hall
Phone/Fax:
757-683-3534 / 757-683-5639
E-Mail:
wktalley@odu.edu
Office Hours:
Tuesday and Thursday 3:00-4:00 p.m. and by
appointment.
Text:
Course Pack (Monarch Copy Center).
Econ 402 Grade:
Your final grade will be based upon three exams
and two papers (air passenger and rail freight),
accounting for 80 and 20 percent of this grade,
respectively. Each paper will be typed, having a
minimum of two references and not exceeding five
(double-spaced) pages (not including the cover
sheet). Letter grades will be based upon a tenpoint grading scale.
Econ 502 Grade:
Higher quality work is expected of graduate
students in the course. Your final grade will be
based upon three exams and three papers (air
passenger, rail freight and ocean freight),
accounting for 70 and 30 percent of this grade,
respectively. Each paper will be typed, having a
minimum of four references and a minimum of seven
but not exceeding ten (double-spaced)
pages (not including the cover sheet). The
papers are expected to be of higher quality than
undergraduate papers. Letter grades will be
based upon a ten-point grading scale; no “D”
grades can be assigned to students enrolled in
500-level courses.
Exam Dates:
Exam #1 (Sept. 25), Exam #2 (Nov. 6), Exam
(Final) #3 (Dec. 9).
Course Outline
1.
Introduction
2.
Transportation Firm
3.
Government Regulation/Deregulation
4.
Passengers
5.
Air
6.
Transit
7.
Freight Users
8.
Rail
9.
Truck
10.
Ocean
11.
Other
Contents of Course Pack
1. Introduction--pp. 1-8 [Talley, W. K. Introduction to Transportation.
Cincinnati:
South-Western
Publishing
Co.,
1983.
Chapter
1,
"Introduction," pp. 1-14]
2. Transportation Firm
A. Theory--pp. 44-53; 54-80 [(a) Talley, W. K. Introduction to
Transportation. Cincinnati: South-Western Publishing Co., 1983. Chapter
2, "Theory of the Transportation Firm," pp. 17-35; (b) Talley, W. K.
Transport Carrier Costing. New York: Gordon and Breach Science
Publishers, 1988. Chapter 2, "Production and Cost Theory of the
Transportation Firm," pp. 39-91]
B. Pricing--pp. 81-97 [Button, K. J. Transport Economics. London:
Heinemann Educational Books Ltd, 1982. Chapter 6, "The Pricing of
Transport Services," pp. 133-164]
3. Government
A. Regulation and Assistance--pp. 98-110; 111-123 [(a) Talley, W. K.
Introduction to Transportation. Cincinnati: South-Western Publishing
Co., 1983. Chapter 3, "Government and the Transportation Firm:
Regulation,"
pp.
36-62;
(b)
Talley,
W.
K.
Introduction
to
Transportation. Cincinnati: South-Western Publishing Co., 1983. Chapter
4, "Government and the Transportation Firm: Assistance," pp. 63-86]
B. Pricing and Investment--pp. 124-129; 130-146; 307-321 [(a)
Mohring,
H.
Transportation
Economics.
Cambridge,
Massachusetts:
Ballinger Publishing Co., 1976. Chapter 3, "Congestion and the
Optimization of Transportation Activities," pp. 15-24; (b) Stubbs, P.
C., W. J. Tyson and M. Q. Dalvi. Transport Economics. London: George
Allen & Unwin Ltd, 1980. Chapter 6, "Investment," pp. 93-124; (c)
Winston, C. "Efficient Transportation Infrastructure Policy." Journal
of Economic Perspectives, Vol. 5, No. 1 (Winter, 1991), pp. 113-127]
4. Passengers--pp. 9-16; 17-25 [(a) Talley, W. K. Introduction to
Transportation. Cincinnati: South-Western Publishing Co., 1983. Chapter
6, "Passengers," pp. 110-124; (b) Talley,
Transportation Trips," Unpublished Chapter]
W.
K.
"The
Demand
for
5. Air--pp. 168-178; 179-185; 186-207; 350-367; 368-393 [(a) Talley, W.
K. Introduction to Transportation. Cincinnati: South-Western Publishing
Co., 1983. Chapter 13, "Passenger Transportation: Air Carriers," pp.
249-268; (b) Oum, T. H. and M. W. Tretheway. "Airline Hub and Spoke
Systems." Journal of the Transportation Research Forum, Vol. 30, No. 2
(1990), pp. 380-393;
(c) Talley, W. K. "Deregulation and Safety: The Airline Experience,"
Unpublished Paper, 1991; (d) Evans, W. N. and I. Kessides. "Structure,
Conduct, and Performance in the Deregulated Airline Industry." Southern
Economic Journal, Vol. 59, No. 3 (January, 1993), pp. 450-467; (e)
Loeb, P., W. K. Talley and T. Zlatoper. Causes and Deterrents of
Transportation Accidents: An Analysis by Mode. New York: Quorum Books,
1994. Chapter 5, "Air Accidents," pp. 127-152]
6.
Transit--pp.
147-158;
159-167;
322-349
[(a)
Talley,
W.
K.
Introduction to Transportation. Cincinnati: South-Western Publishing
Co., 1983. Chapter 15, "Urban Passenger Transportation: Mass Transit,"
pp. 289-311; (b) Talley, W. K. Introduction to Transportation.
Cincinnati: South-Western Publishing Co., 1983. Chapter 16, "Urban
Passenger Transportation: Private and Paratransit," pp. 312-328; (c)
Talley, W. K. "Urban Passenger Transportation," Unpublished Chapter]
7. Freight Users--pp. 33-43; 25-32 [(a) Talley, W. K. Introduction to
Transportation. Cincinnati: South-Western Publishing Co., 1983. Chapter
5, "Freight Users," pp. 89-109; (b) Talley, W. K. "The Demand for
Transportation Trips," Unpublished Chapter]
8. Rail--pp. 208-220; 221-247; 394-406 [(a) Talley, W. K. Introduction
to Transportation. Cincinnati: South-Western Publishing Co., 1983.
Chapter 9, "Freight Transportation: Railroads," pp. 159-183; (b)
Talley, W. K. "A Note on the Regulatory-Reformed Railroad Industry,"
Unpublished Paper; (c) Braeutigam, R. "Consequences of Regulatory
Reform in the American Railroad Industry." Southern Economic Journal,
Vol. 59, No. 3 (January, 1993), pp. 468-480]
9. Truck--pp. 248-259; 407-421 [(a) Talley, W. K. Introduction to
Transportation. Cincinnati: South-Western Publishing Co., 1983. Chapter
10, "Freight Transportation: Truck Carriers," pp. 184-206; (b) Boyer,
K. "Deregulation of the Trucking Sector: Specialization, Concentration,
Entry, and Financial Distress." Southern Economic Journal, Vol. 59, No.
3 (January, 1993), pp. 481-495]
10. Ocean--pp. 260-276; 277-289; 290-306 [(a) Chadwin, M. L., J. A.
Pope and W. K. Talley. Ocean Container Transportation: An Operational
Perspective. New York: Taylor & Francis, Inc., 1990. Chapter 1, "The
Advent of Containerization," pp. 1-17; (b) Chadwin, M. L., J. A. Pope
and W. K. Talley. Ocean Container Transportation: An Operational
Perspective. New York: Taylor & Francis, Inc., 1990. Chapter 5, "Ship
Technology and Costing Containership Service," pp. 79-91; (c) Chadwin,
M. L., J. A. Pope and W. K. Talley. Ocean Container Transportation: An
Operational Perspective. New York:
Taylor & Francis, Inc., 1990. Chapter 6, "Networks, Intermodalism, and
Containership Service," pp. 92-109] Talley, W. K. "Ocean Container
Shipping: Impacts of a Technological Improvement.” Journal of Economic
Issues, Vol. 34, No. 4 (December, 2000), pp. 933-948.
11. Other [(a) Talley, W. K. “The State of Transportation in Hampton
Roads,” Unpublished Paper, 2000; (b) Talley, W. K. “Wage Differentials
of Transportation Industries: Deregulation versus Regulation.” Economic
Inquiry, Vol. 39, No. 3 (July, 2001), pp. 406-429]