Air Transport Economics. ((3 Credits))

Catalog description

Prerequisite(s): MAT 1030 or 1035 , STAT 1040 or 1045 , MATH 1050 or 1055 , AVSC 2150 Teaches basic economic concepts as applicable to air transportation. Introduces foundational principles of free enterprise, supply and demand, private and social implications of profit maximization, market structure, resource markets, inflation, economic and industry cycles, inflation and economic growth. Introduces competitive advantage, air transport demand, modeling, pricing, revenue management and supply and route architecture.