Practice

Research this essay and then write it out in 1 hour

8 (a) Outline the nature and features of an integrated transport policy (10 mks)
(b) Evaluate whether transport policy should be promoting more sustainable transport outcome.



Research this essay and then write it out in 1 hour

7 (a) With reference to examples, explain why road congestion is a classic case of market failure (10 mks)
(b) “Some form of road pricing is the only proven and effective way of reducing congestion in many towns and cities.” Discuss

Practice!

Do this essay as a mock

a) Outline the economic argument for subsidising railways (10 mks)
b) Giving examples of road pricing policies in different countries, evaluate the case for road pricing as a means of correcting market failure (15 mks)



Research this essay and then write it out in 1 hour

4 (a) With reference to data, explain why the private sector is having an increasingly important role in funding transport investment, particularly through the Private Finance Initiative (10 mks)
(b) Evaluate the use of cost benefit analysis to allocate resources in transport (15 mks)

Exam Practice 1

Do this essay as a mock

a) Explain how market failure exists in Transport (10 mks)
b) Government measures to intervene in transport markets to correct market failure can be classified as demand or supply side. Explain and evaluate the demand and supply side policies. (15 mks)




Research this essay and then write it out in 1 hour

5 (a) Explain why barriers to entry are very important in determining the degree of competition in transport markets (10 mks)
(b) With reference to examples, analyse how deregulation has sought to produce competitive markets for local bus services in Britain and for European air transport services (15 mks)

Exam Practice 2

Do this essay as a mock

a) Should Aviation pay for its external costs? (10 mks)
b) Evaluate the use of CBA as a tool for investment analysis (15 mks)



Research this essay and then write it out in 1 hour
6 (a) With reference to examples examine the argument for and against the privatisation of transport (10 mks)
(b) Explain how the effectiveness of rail privatisation can be evaluated (15 mks)

Exam Practice 3

Do this essay as a mock

a) Outline the main characteristics of transport investment (10 mks)
b) Evaluate the arguments for and against the Private Funding Initiative (15 mks)




Research this essay and then write it out in 1 hour

3 (a) With reference to data, explain the respective roles of the private sector and the public sector in resource allocation decisions for transport (10 mks)
(b) Evaluate the different criteria used by the private and public sectors in making investment decisions in transport (15 mks)

Exam Practice - 4

Do this essay as a mock

a) Explain how the theory of the firm is useful in analysing transport markets (10 mks)
b) Explain how price discrimination appears in the transport market (15 mks)



Research this essay and then write it out in 1 hour

2. (a) With reference to data, carefully explain how increased transport use leads to negative externalities and market failure (10 mks)
(b) Evaluate the use of indirect taxation and subsidies to regulate transport use (15 mks)

Exam Practice - 5

Do this essay as a mock a) Explain how the concept of elasticity of demand is used in Transport. (10 mks) b) Outline the main sources of uncertainty in transport forecasts and evaluate the importance of transport to the economy (15 mks)

Research this essay and then write it out in 1 hour 1. (a) With reference to data, explain how and why economists make forecasts of transport demand (10 mks) (b) How can the importance of the transport sector to the UK economy be assessed? (15 mks)