Railway Economics and Technology Management

Module Title - Railway Economics and Technology Management
Number of credits - 10

Module description 

The module team introduces students to a range of business management aspects of running a railway company or organisation. This includes an introduction to key economic principles, finance, accounting, marketing, and the management of people, projects, technology and assets.

The strategic development of railways is also covered, as are various railway specific topics, such as railway funding and franchising. The core economics content includes the issues of supply and demand, macro- and micro-economics and how these relate to the railway industry.

Project financing and investment are also discussed, as are the use of KPIs and benchmarking for business improvement. A brief introduction to business process controls is also included.

The majority of the module is taught by means of lectures, supplemented by case studies and a franchising-based team exercise.