Courses – Fakultet tehničkih nauka u Novom Sadu

Subject: Economics of traffic (17.S020N)

Native organizations units: Department of Traffic Engineering

Type of studies	Title
Undergraduate Academic Studies	Postal Traffic and Telecommunications (Year: 1, Semester: Summer)

General information:

Category	Theoretical-methodological
Scientific or art field	Postal Traffic and Communications
ECTS	7

The course helps students understand the meaning and importance of traffic systems; to understand the how to achieve the optimal value of production using limited resources; to analyze and manage costs and revenues of postal organizations.

Students will gain fundamentak knowledge about the facts, principles, processes and general concepts in traffic economics. Students will be able to find optimal solutions in managing traffic systems, using basic knoeledge of economics theory and decision science.

Basic concepts, functions and benchmarks transport economics. Forms and types of transport and their economic characteristics. Forecasting demand for transport services. The principles and standards of business performance transport systems. Costs and cost of transport services, particularly postal services and universal postal services. Politics and pricing methodology for postal services, with special emphasis on the universal postal service and reserved. Cost management in traffic, with examples of postal services. ABC method for monitoring and managing costs to the postal service. ABM based cost management activities. "Cross subsidization" in public services. Models of financing the universal postal service.

Lectures, auditory and computer practice, preparation of a term paper.

Authors	Title	Year	Publisher	Language
Blank, L., Tarquin, A.	Basics of Engineering Economy	2014	McGraw-Hill Education, New York	English
C.S.Park	Fundamentals of Engineering Economics	2004	, Pearson, Prentice Hall, Upper Saddle River, New Jersey	English
I.G.Heggie	Transport Engineering Economics	1972	McGrow Hill, London, UK	English

Course activity	Pre-examination	Obligations	Number of points
Lecture attendance	Yes	Yes	5.00
Term paper	Yes	Yes	20.00
Oral part of the exam	No	Yes	30.00
Written part of the exam - tasks and theory	No	Yes	40.00
Exercise attendance	Yes	Yes	5.00