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.