Movements of people, freight and information have always been fundamental components of the economic and social life of societies. Contemporary economic processes have been accompanied by a significant increase in mobility and higher levels of accessibility. Although this trend can be traced back to the industrial revolution, it significantly accelerated in the second half of the 20th century as trade was liberalized and with significant technological improvements. Societies have become increasingly dependent on their transport systems to support a wide variety of activities ranging, among others, from commuting, tourism, supplying energy needs, to distributing parts and final goods. Developing transport systems has been a continuous challenge to satisfy mobility needs, to support economic development and to participate in the global economy.

In this course students will learn to apply basic microeconomic models to analyse transport markets. In addition, they will learn how to judge the relevance of these approaches for business as well as for economic decisions.