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Air Transport Economy

Course Code:
21EMIL
Academic Degree:
bachelor
Study Programme:
Technology in Transportation and Telecommunications (B1041A040001)
semesterlanguagestudy field / specialization
6czech flagLED Air Transport - B-LED
Form of Study:
full-time
Credits:
5
Number of Hours:
3 + 1 hours per week - in full-time study
Type of Course:
obligatory
Course Completion:
credit, exam
Supervisor:
doc. Ing. Peter VITTEK, Ph.D.
Course Tutor:
 
Department of Air Transport (16121)
Supervising Department:
Department of Air Transport (16121)
Keywords:
costs, revenues, supply, demand, traffic, output, regulation, liberalisation, segmentation, price discrimination, fare classes, tariffs, competition, alliances
Abstract:
The course focuses on the fundamentals of economics, providing students with an understanding of accounting principles and role of financial statements. In the second part, the course builds on the general knowledge acquired and applies it to the environment of air transport economics. The basic principle is the Holloway model, which structures knowledge about demand, price and yield on the one hand, and supply, costs and expenses on the other.
Objectives:
Introduce students to the basic issues of economics and then to follow up on more complex problems of air transport. Students will understand the principles of demand and supply in air transport and the specific problems related to these topics. They will also gain a comprehensive understanding of costs and their different types.