AVTR-58400 Economics in Aviation and Transportation

Economic applications to the aviation industry including the economics of an airline and how economic problems are analyzed. Demand analysis and its relationship with price and economic conditions. Costs and supply and the interaction of demand. An in-depth examination of the economic aspects of the air transportation industry, with microeconomic analysis applied to decision making in the airline, general and corporate aviation and airport businesses. Topics include: basic economics of air transport supply and demand; demand forecasting; cost drivers; network structures and strategies; ratemaking; yield, revenue and capacity management; regulatory issues; political influences; unique economic characters of international commercial aviation; capitalization and credit facilities; economic and structural analytical tools and models.

Credits

3