{"c_title":"[M0.008700] Transportation and the Economy","c_info":"3 credits | Lecture\/Seminar | Master | Dept. of Environmental Planning","c_summary":"The transportation field has various types of market characteristics and is often the subject of case studies as a field where economic principles are applied. This course covers the minimum principles of economics necessary to understand the transportation market. That is, it deals with related microeconomic theories and some macroeconomics. And to see how these economic concepts are used in the transportation field, related studies are dealt with and the policy implications of the empirical findings derived from these studies are considered. Through this lecture, students can improve their understanding of policy measures such as government deregulation or privatization of enterprises in the transportation sector, monopolies, externalities, public goods, and market failures such as income inequality and asymmetric information. It is also possible to enhance understanding of the past and future of the transportation sector by discussing various solutions to the problem of public investment and methodologies. In addition, it is aimed that students can develop their perspectives on the present and the future situation that the transportation sector is facing."}