Economics A2

A2 ECONOMICS OCR

F584 TRANPORT ECONOMICS

2013 EDITION

RAPID REVISION HANDBOOK

Step by step guide to key concepts Question and Answer format Glossary

Q&A

Richard Young

A2 Transport Economics Contents

Introduction to Transport.................................. 2 Transport and transport modes ................. 2 Demand for transport ..................................... 3 Elasticity and transport.................................. 4 Structure of transport operations.............. 5 Recent trends in transport demand .......... 5 Transport forecasts.......................................... 6 Market Structures.................................................. 7 Revenue and profit ........................................... 7 Costs ....................................................................... 7 Economies of scale ........................................... 8 Firms and their objectives ............................ 9 Barriers to entry.............................................. 10 Market structure ............................................. 11 Concentration ratios ...................................... 11 Competitive markets ..................................... 12 Monopolistic competition ........................... 12 Monopoly ........................................................... 13 Price Discrimination ...................................... 14 Natural monopoly........................................... 15 Oligopoly ............................................................ 16 Contestable markets ...................................... 17 Franchising ........................................................ 18 Deregulation ..................................................... 19 Privatisation...................................................... 20 Market Failure ...................................................... 21 Economic Efficiency ...................................... 21 Market failure...