Nobody downloaded yet

Economics for Transport Manager - Essay Example

Comments (0) Cite this document
The main aim of this essay is to discuss the different aspects of transport economics along with identifying the importance of the sector in every economic transaction. The researcher analyzes mechanisms of setting pricing in the field of transportation business. …
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER95.4% of users find it useful
Economics for Transport Manager
Read TextPreview

Extract of sample "Economics for Transport Manager"

Download file to see previous pages Besides the use of the sector in production purposes, it has great importance amongst the consumer class of the society. Transportation cost holds a significant amount in consumer’s budget. Moreover transportation costs determine the price of products with increase in the former, contributing to simultaneous increase in the later. Thus the main aim of this paper is to discuss the different aspects of transport economics along with identifying the importance of the sector in every economic transaction. Pricing in the transport sector of the economy depends on different and continuously changing factors. The factors that have been identified are the type of the transport, the different types of industry and the countries and towns in which the transport sector is functioning. Moreover the pricing mechanism of the private transport industry differs from that of public transport. Thus there arises the need of discussing the two different price mechanisms of average cost pricing and marginal cost pricing for the transport industry. (Jansson & Martinsson, 2003, p6) Difference between average cost pricing of a monopolist and marginal cost pricing Average cost pricing is referred as the procedure of charging price by a monopoly. If P is the price of the monopolist and AC is the average cost then the approach of average cost pricing of monopolist is accomplished where P = AC. In case of average cost pricing the firm enjoys zero profit. In transportation, setting price equal to average costs means the provider will offer the service when the value of providing the service is at least equal to the average cost of the same. (Haworth, n.d) P A AC P=AC MC D O MR Q (Haworth n.d) In this diagram...
It is clear, that transport is a significant sector of the economy. The paper therefore discusses the economics of the transport sector applicable to business perspectives. Firstly, the paper focuses on mechanisms of setting standard price as are used in this sector. Identifying the price mechanisms and the importance of a proper market structure to the management are the subsequent topics of discussion. Competition has been identified as essential for efficient functioning of a market. Truly being applicable for the transport sector of the economy, the next topic of discussion of the paper is the importance of competitive laws and the effect of improperly designed competitive laws on economic functioning with its applicability to the transport sector. Transportation holds a significant position in the consumer basket and increase in its cost affects the consumer price index. Moreover transportation acts as a tool in maintaining stability of the economy through proper distribution of goods and services. Improper functioning of the sector may lead to the increase in price of products through the increase in transportation costs. Thus the importance of transportation in the economy as well as in the life of common people is the main focus of this paper. To conclude it can be said that transportation is a sector that has huge importance in every aspects of economy. The costs of transport which is in turn dependant on fuel have a cascading impact on all other products and services. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Economics for Transport Manager Essay Example | Topics and Well Written Essays - 3500 words”, n.d.)
Retrieved from
(Economics for Transport Manager Essay Example | Topics and Well Written Essays - 3500 Words)
“Economics for Transport Manager Essay Example | Topics and Well Written Essays - 3500 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Economics for Transport Manager


...and London. There are several favorable elements associated with the train such as speed, lower costs and the interactive nature of the travel. The car is another competitor to the mode of transport between the two terminals, since the intricate transport network provides a motorway that links the two terminals (Hollett, 1995. P. 91). The problem that is associated with the travel is the level of exhaustion and the time associated with the transport mode. There are several competitors in the airline industry, which include Easy Jet, Flybe, Aer Lingus, and Air France. This route comprises different market segments. The first part of the market, probably the most frequent users is the...
7 Pages(1750 words)Essay


...?Listening, Reading and Vocabulary Log Worksheet Topic: Transport Sources: Transport Importance of transport in India, viewed 17 March, Nath K, 2010, Importance of transport in India, Minister of Road Transport and Highways, India at A/C 2010, viewed 17 March, 2011, 1 Why did you choose this topic? I chose this topic because transport is very important in our daily lives. What interested me most is that I discovered that in our local area we do not have big industries that manufacture goods but I realised that different types of goods are delivered to our area by different forms of transport. I also realised that transport enables us to move from one... point to another and this increased my interest in this particular subject such that I...
4 Pages(1000 words)Assignment

Economics for transport managers

...important to economic growth because of its relation to levels of investment i.e. an increase in productive wealth requires that some people refrain from consuming all their income and therefore make their savings available for future investment. National savings can be termed as being the sum of personal savings, business savings, and state savings. Businesses do save when all their profits are not distributed. These sums are however usually quite small when seen on a macroeconomic scale. Many states often run public budget deficits, such that they rather dis-save. All this would facts lead to the conclusion that personal savings are by far the largest and most important constituent of national savings. Savings can also...
9 Pages(2250 words)Essay

Sustainable Transport and Transport Planning

...?Running head: Transport Development in Nottingham Transport Development in Nottingham Take a stroll around Europe and furthermore the U.K. and you will notice the ever bulging traffic situation on the roads within major cities and towns. This is a clear indication of the traffic situation not only in Europe but the whole world as a whole. Daily, more and more investors can be seen to dive into the automobile industry in an attempt to make mammoth sales as a result of the current technologies and in return, the streets bear the brunt of handling millions upon millions of vehicles every year. These ever increasing numbers have raised a major concern in many local transport development offices and especially the one in Nottingham... . The...
5 Pages(1250 words)Assignment

Economics for the global manager

...Economics for the global manager What are the key elements that allow transactions to occur in the market The key elements that allow transactionsare, first of all, a market that exists either physically (like the stock or commodities exchange or a flea market) in a location or building, or virtually (for bond trading or derivatives) in a computer system; goods that are exchanged in this market; buyers and sellers who either buy or sell the goods; and money that is used as the medium of exchange. A market transaction is therefore where buyers acquire from sellers certain goods in exchange for money at an agreed price. 2. Explain the logic behind the following statement: "there is no such thing as a free...
7 Pages(1750 words)Essay

Transport Economics

...users should be charged their marginal external congestion costs. This has remained the leading principle in the transport economic literature on road traffic congestion. Given the growth in road traffic and its adverse side effects, road pricing has become an important contemporary policy issue. Pigou's innovative work, a large variety of possible approaches to studying the economics of road traffic congestion and road pricing has been developed. Various proposed schemes have been advocated for spending the funds raised so that as many actors as possible benefit (Goodwin, 1989; Jones, 1991; Small, 1992). A questioning of road users in the Randstad, Netherlands (Verhoef et al., 1997)...
8 Pages(2000 words)Essay


...of the impact of transport on the climate change are the following ones: a) the status of the Scottish economy; however, the identification of the exact status of a country’s economy is rather a difficult task; in fact, the type, the level and the quality of the resources available for the support of a country’s economy cannot be estimated with accuracy – since the relevant data can be available only to the authorities and the persons involved in the management of a country’s financials; in this way, even if for a specific period the performance of a country’s economy seems to be low it can be improved in the short or the long term under the influence of various internal and external factors – referring...
16 Pages(4000 words)Essay


...Manager Manager Introduction It is an accepted fact in the modern hospitals, people in management positions often have to manage a web of diverse and complex tasks and environments. In such a situation, it is highly necessary for them to develop a supportive work environment. It is highly necessary at this juncture to effectively communicate and delegate to ensure job satisfaction and organizational commitment. The mere fact is that the management style adopted by the leader has a great role in deciding factors like workplace empowerment, and organizational commitment. Style of management The leadership style best suited for the...
3 Pages(750 words)Essay

Logistics - Transport and Inventory

.... Bersani, C. (2008). Advanced technologies and methodologies for risk management in the global transport of dangerous goods. Washington, DC: IOS Press. Button, K. (2011). Transportation and economic development challenges. Cheltenham, UK: Edward Elgar. Clarke, S., & Lehaney, B. (2000). Human centered methods in information systems current research and practice. Hershey, Pa.: Idea Group Pub.. Dinaburg, J., & Gottuk, D. T. (2012). Fire detection in warehouse facilities. New York: Springer. Eden, B. L. (2002). The new Lied Library at the University of Nevada, Las Vegas focus on the planning and implementation of technology and change. Bradford, England:...
12 Pages(3000 words)Essay

Air Transport Economics

...: The Case of Global Legacy Airlines. Journal of Strategy and Management, Vol. 4, No. 3, pp. 1-37. Fageda, X. & et. al., 2010. Price Rivalry in Airline Markets: A Study of a Successful Strategy of a Network Carrier against a Low-Cost Carrier. Research Institute of Applied Economics, pp. 1-33. Intervistas, 2015. Strategic Planning for Airlines. Intervistas Consulting Group, pp. 1-32. Knorr, A. & Zigova, S., 2004. Competitive Advantage through Innovative Pricing Strategies: The Case of the Airline Industry. Institute Of World Economics and International Management, pp. 1-19. Malighetti, P. & et. al, 2009. Pricing strategies of low-cost airlines: The Ryanair case study....
6 Pages(1500 words)Coursework
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Economics for Transport Manager for FREE!

Contact Us