ECONOMICS PATHWAYS 3 - TRANSPORT ECONOMICS

What is it?
Transport economics looks are how people and freight get from point A to point B and the cost of putting appropriate infrastructure in place to make it happen. Current and future challenges in the industry include shared services like Uber, the move towards self-driving vehicles, and the reduction of transport-related carbon emissions.

Where could I go?
Employment opportunities are available across the public and private sectors, including working in government on public transport projects, and in economics and strategy consulting firms such as NineSquared and Frontier Economics. Transport economists earn around $93,000 per year on average, projected to tip over $100,000 in the next five years (SalaryExpert, 2020).

How would I get there?
A number of educational institutions offer transport economics units as part of their economics, logistics, and business degrees. Masters/other postgraduate credentials are common, with a number of institutes offering courses specific to logistics and transport, as well as broader degrees that transport economics can be studied under.

Where can I find out more?
Australian Road Research Board (ARRB) -
https://www.arrb.com.au/

Salary Expert – Transport Economist Australia –
https://www.salaryexpert.com/salary/job/transport-economist/australia

The Conversation – articles on transport economics –
https://theconversation.com/au/topics/transport-economics-11593