TBA4315 - Economics of Transport Infrastructure


Examination arrangement

Examination arrangement: Portfolio assessment
Grade: Letters

Evaluation Weighting Duration Grade deviation Examination aids
Approved exercises 20/100
Home examination 80/100 4 hours

Course content

Basics of transport economics and Cost/benefit analysis of transport infrastructure investments. Monetized impacts and assessment of effects. Estimation of costs under uncertainty. The relationship between construction, maintenance and operation costs. Optimization and Life cycle costs, LCC. Value Engineering.

Learning outcome

Knowledge; students will gain knowledge of

  • Central concepts in Benefit/Cost Analysis (BCA) and economic analysis and application in the transport sector.
  • Methodology for cost estimation under uncertainty, method, process and application
  • Monetized consequences and impact calculations / output
  • The calculation methodology for Life Cycle Cost Analysis (LCCA)
  • Value engineering (VE), method, process and utility.

Skills; students will gain skills to

  • Constructing demand-supply graphs and do interpretations of these
  • Setting up the demand function for a market and understand this
  • Make simple Benefit Cost Analysis (BCA) and know how this can be applied
  • Calculating cost estimates under uncertainty; expected cost, variance and standard deviation
  • Interpreting probability curves for cost estimates and uncertainty profiles in relation to the acceptance criteria
  • Determine the primary and secondary functions for projects and elements (part of Value Engineering, VE)
  • Construct FAST-diagram (Function Analyse System Technique) (Why-why / how-how-to chart) (part of VE)
  • Making matrix analysis for ranking of ideas/alternatives (part of VE).

General competence; students will

  • Understand the basic concepts and theory in economics
  • Understand the various steps in a stepwise process for estimating project costs under uncertainty
  • Understand the various steps in a Value Engineering analysis, and understand how to use a VE process as a QA-tool for a project.

Learning methods and activities

Lectures, excursions and exercises. The course will be given in English if students not speaking Norwegian are attending.

Compulsory assignments

  • Exercises

Further on evaluation

Portfolio assessment is the basis for the grade in the course. The portfolio includes a final written exam (80%) and evaluation of 4 exercises that are weighted equally (20%). The results for the parts are given in %-scores, while the entire portfolio is assigned a letter grade. If there is a re-sit examination, the examination form may be changed from written to oral. For a re-take of an examination, all assessments during the course must be re-taken

Specific conditions

Compulsory activities from previous semester may be approved by the department.

Course materials

Compendium, guidelines and computer programs.

More on the course



Version: 1
Credits:  7.5 SP
Study level: Second degree level


Term no.: 1
Teaching semester:  AUTUMN 2021

Language of instruction: English

Location: Trondheim

Subject area(s)
  • Highway Engineering
  • Transportation Engineering
  • Technological subjects
  • Economics
Contact information
Course coordinator: Lecturer(s):

Department with academic responsibility
Department of Civil and Environmental Engineering


Examination arrangement: Portfolio assessment

Term Status code Evaluation Weighting Examination aids Date Time Examination system Room *
Autumn ORD Approved exercises 20/100 INSPERA
Room Building Number of candidates
Autumn ORD Home examination 80/100





Room Building Number of candidates
  • * The location (room) for a written examination is published 3 days before examination date. If more than one room is listed, you will find your room at Studentweb.

For more information regarding registration for examination and examination procedures, see "Innsida - Exams"

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