Postgraduate

Modules

Modules

CEG8426 : Economic and Environmental Appraisal of Transport Activities

Semesters
Semester 2 Credit Value: 10
ECTS Credits: 5.0

Aims

1. To understand the economic and environmental appraisal of transport activities.
2. To introduce the WebTAG (Transport Analysis Guidance) linked to the sustainability principles of economy, environment and society.
3. To provide an understanding of the economic principles required for the economic assessment of transport activities as outlined in the WebTAG Economic Objective.
4. To provide an understanding of the assessment of Environment Objective in WebTAG.
5. To introduce the concept of multi-criteria assessment for comparison and ranking of alternatives.

Outline Of Syllabus

1. Introduction to sustainability; economy, environment and social objectives.
2. Purpose of appraisal
3. Introduction to the WebTAG (Transport Analysis Guidance) process, WebTAG Refresh
4. Economic Principles in Transport Appraisal
5. Principles of Discounted Cash Flow, Present Value and Net Present value
6. Techniques of cost-benefit analysis
7. Valuation of intangibles
8. Socio-economic benefit-cost analysis
9. Economic Objectives
      Transport Economic Efficiency
      Valuation of time, vehicle operating cost, accidents
      COBA Software
      TUBA (Transport User Benefit Assessment) Software
10. Environment Objectives
      Local air quality; problems and solutions; assessment for WebTAG
      Greenhouse gases; problems and solutions; assessment for WebTAG (Transport Analysis Guidance)
      Noise; problems and solutions; assessment for WebTAG
      Landscape/Townscape/Biodiversity/Water and other objectives in NATA and their assessment
11.Multi-criteria assessment (MCA) and comparison and ranking of alternatives

Teaching Methods

Teaching Activities
Category Activity Number Length Student Hours Comment
Scheduled Learning And Teaching ActivitiesLecture201:0020:00N/A
Guided Independent StudyAssessment preparation and completion115:0015:00Coursework report
Guided Independent StudyAssessment preparation and completion200:3010:00Revision for exam
Guided Independent StudyAssessment preparation and completion12:002:00Exam
Scheduled Learning And Teaching ActivitiesPractical22:004:00A Noise Impact Assessment workshop and an Economic Principles workshop
Guided Independent StudyIndependent study149:0049:00Includes background reading and reading of lecture notes for a full understanding of the material.
Total100:00
Teaching Rationale And Relationship

Learning outcomes will be achieved by introducing knowledge and theory in lectures and by exercising the relevant skills in the coursework. Lectures are the primary means of delivering the curriculum. Students are given a programme of required reading to supplement the lectures, and are also encouraged to read round the subject as widely as possible. A programme of self study work is provided which explores how the techniques and methods of economic and environmental appraisal are applied, through problem-based exercises. This is designed to achieve familiarity with techniques and methods by allowing students to tackle practical problems and to encourage discussion of issues relating to strengths and weaknesses of the methods. The self study programme helps students to develop problem-solving, numeracy and written communication skills.

Assessment Methods

The format of resits will be determined by the Board of Examiners

Exams
Description Length Semester When Set Percentage Comment
Written Examination1202A70Unseen written examination
Other Assessment
Description Semester When Set Percentage Comment
Report2M30Economic or environmental assessment of transport schemes report. 1500 words.
Assessment Rationale And Relationship

The written examination will assess the knowledge, numeracy and problem solving skills.
The courswork will alternate between economic or environmental assessment of transport schemes. This coursework will assess students in their understanding of the techniques to appraise transport schemes using a range of tools recommended by WebTAG (Transport Analysis Guidance). Students will also have to critically analyse the results and produce a professional style report.

Reading Lists

Timetable