Teaching goals. The course analyses the main theories and models of applied economics, focusing on economic logistics, including transport economics, looking at the cutting-edge advances of industrial and regional economics. In particular, the course aims to: examine the principles and general theory of applied economics in various areas; illustrate the problems related to infrastructure logistics and territorial development; describe the main components of transport economics; investigate case studies pertaining to logistic and transport economics, using econometric tools and disentangling the interactions with institutional actors, economic agents and market dynamics.
Knowledge and comprehension skills. To know and understand the general theory of applied economics and the different models used for the analysis of logistic and transport economics. To know and understand the problems related to transport economics in relation to territorial development and to the interaction with institutional actors and economic agents.
Ability to apply knowledge and comprehension. To use the knowledge acquired in order to analyse the problems related to logistic and transport economics. To apply the knowledge acquired in order to analyse the relationship between territorial development and the behaviour of institutional actors and economic agents in the reference markets.
Independence of judgement. The knowledge of the theoretical principles and the usage of tools pertaining to applied economics – including those referring to logistics and transport economics – allow to develop a full independence of judgement and analysis of market dynamics and of the trends of territorial economic systems, in economic sciences and in management activities, using an empirical perspective
Communication skills. The student must be able to answer in a clear, precise and exhaustive fashion both the question in the written test and those in the possible oral exam.
Learning skills. To acquire the tools and knowledge useful to develop further in an independent way the skills related to applied economics, with a particular focus on territorial development and transport logistics and their interactions with the socio-economic context.
The knowledge of basic notions of microeconomics and statistics is required.
1st block of lessons (24 hours)
Economics of the transport system: from the transport system to networks. The transport system: concepts and general definitions. The demand for transport: introductive aspects. Characteristics and variables of the demand for transport. Elasticity of the demand for transport. Elasticity in the relationship between demand and market structures. Transport Supply. Production functions and production costs. Market structures in the transport industry.
2nd block of lessons (24 hours)
Price discrimination. Price regulation in the transport industry under monopoly. Linear regression with a single regressor: hypothesis testing and confidence intervals. Linear regression with multiple regressors. Regression with binary dependent variables. Estimation of econometric models in the field of transport economics. Applications in the field of transport economics.
Vertical lessons, weekly exercise classes.
E. Forte, Trasporti, Logistica, Economia, CEDAM, u.e.
Stock J.H. e M.W. Watson, Introduzione all'econometria, Pearson, u.e.
The examination is based on a written test, composed partly by open questions on the topics of the syllabus and partly on empirical exercised on the topics debated in the lessons and in the exercise classes. When tackling the questions and the empirical exercise, the students must prove their ability to explain both the fundamental notions acquired during the course, and their ability to apply and illustrate – if required explicitly or if useful when address a question – the formal models covered in the lessons and in the reference books. Should the instructor deem it suitable, an oral test may be set up, to evaluate at best the student’s knowledge.