Syllabus academic year 2007/2008
ECONOMICS FOR TRAFFIC AND HIGHWAY ENGINEERINGVVB061

Higher education credits: 7,5. Grading scale: TH. Level: G2 (First level). Language of instruction: The course will be given in Swedish. VVB061 overlap following cours/es: VVB060. Compulsory for: IBYI3. Course coordinator: Ebrahim Parhamifar, Ebrahim.Parhamifar@tft.lth.se, Vägbyggnad. Recommended prerequisits: Geodetic Surveying and Road Construction, Basic Course. Assessment: Students are examined both individually and in a collaborative group. The group exam consists of performances in the Problem Based Learning (PBL) groups in terms of participation in discussions, presentations and attendance. Individual exams consist of report writing. Further information: PBL-based project work is used in the course. Home page: http://www.tft.lth.se/vagbygg/roadconstr2.htm.

Aim
The aim is to provide fundamental knowledge of the national economic theories and models used in transportation.

Knowledge and understanding
For a passing grade the student must

Explain the various concepts and definitions in national and transport economics.

Describe the differences in economic theories and models used in economic calculations.

Skills and abilities
For a passing grade the student must

Apply theoretical prioritising models to analyse different resource allocations.

Use acquired skills to convey information to target groups by means of written and oral presentations.

Judgement and approach
For a passing grade the student must

Seek relevant information for further study and application in his/her occupational role as an engineer

Contents
The course offers knowledge of theories of business and national economics, as well as models used in the subject areas of road construction and traffic planning and engineering. Various concepts and national economic models for prioritising among decisions are discussed, as are various forms of financing and their effects on procurement for different projects

Literature
Blank L. et.al., Engineering Economy, WCB/McGraw-Hill, 1998, ISBN0-07-063110-7
Eklund k., Vår ekonomi, Prisma, 2002, ISBN91-518-3878-8
Various selected literature.