Air Transport Economics
Course Description
Air Transport Economics course will equip you with the know-how of the key economic concepts and how they apply to aviation. You will learn how economic scarcity influences airline decision-making. The course will define key performance indicators (KPIs) in aviation and give an up-to-date overview on major aviation trends, economic developments and the industry outlook. You will learn about the role that airlines play in critical macro-economic activities such as job creation, social mobility and economic development. The course will outline the rationale of how and why airlines cooperate and compete and contextualize the roles of authorities and the application of regulatory economic frameworks to safeguard against anti-competitive activities to ensure long-term economic development.