The course helps students understand the meaning and importance of traffic systems; to understand the how to achieve the optimal value of production using limited resources; to analyze and manage costs and revenues of postal organizations.

Students will gain fundamentak knowledge about the facts, principles, processes and general concepts in traffic economics. Students will be able to find optimal solutions in managing traffic systems, using basic knoeledge of economics theory and decision science.

Basic concepts, functions and benchmarks transport economics. Forms and types of transport and their economic characteristics. Forecasting demand for transport services. The principles and standards of business performance transport systems. Costs and cost of transport services, particularly postal services and universal postal services. Politics and pricing methodology for postal services, with special emphasis on the universal postal service and reserved. Cost management in traffic, with examples of postal services. ABC method for monitoring and managing costs to the postal service. ABM based cost management activities. "Cross subsidization" in public services. Models of financing the universal postal service.

Lectures, auditory and computer practice, preparation of a term paper.