AVL 714- Air Transportation Economics

• Contact Information

• Course Description

• Course Outcomes

• Prerequisites

• Required Text(s) and Materials

• Assessment Method(s) and Evaluation

• Grading

• Attendance Policy

• Academic Integrity

• Course Expectations

• Tentative Detailed Course Content and Recommended Readings

• Student Opinion of Instruction

• Title IX Statement

• Access Statement

• Instructor:
• Office:
• E-Mail:
• Phone:
• Office Hours:

Economic developments in the national and/or global level and cyclical economic movements are very essential for aviation industry by its very nature. Therefore, this course is intended to give a point of view about the concepts and importance of economics of the air transportation. The course content includes the following subjects in a master degree level: air transportation demand and supply, international economics of aviation, airline business models, airlines network, air cargo economics, liberalization in aviation industry. The detailed course outline is given in the tentative course outline part of the syllabus.

Upon the completion of this course, the student will be able to:

1. define and demonstrate knowledge of economics of air transportation and related concepts.- AVLLO: 1
2. use mathematical models and solve for equilibrium. Also models will be used analyze the policies related to air transportation. - AVLLO: 2,3,4
3. analyze and critically evaluate from oral,written, and visual materials.- AVLLO: 4,6,7
4. have the ability to predict the effects of changes in economic policy related to air transportation. –AVLLO: 2,3,4,6,11

The course outcomes are assessed by using a case study, quizzes, two mid-term exams and a comprehensive final exam.

AVL Learning Outcomes:

Upon successful completion of the program, students will be able to:

1. have adequate knowledge in aviation, logistics and supply chain and computing tools to make decisions in new or unpredictable environments of aviation logistics.
2. formulate and solve a complex aviation logistics problems involving human, material, machinery, money, information, time and energy elements; analyze and design it under realistic constraints and conditions.
3. use information technologies effectively with the knowledge of aviation logistics.
4. design and conduct experiments, gather data, analyze and interpret results for investigating complex aviation logistics research questions.
5. work efficiently in interdisciplinary and multidisciplinary teams by collaborating effectively, in addition to an individual effective working ability.
6. enhance critical thinking skill by integrating relevant information, decision-making techniques, and concepts through the interdisciplinary aviation logistics area.
7. communicate effectively, using information technology and oral and written skills to enhance decision making process through better communication.
8. be aware of the importance of lifelong learning.
9. make ethical and legal business decisions by considering cultural differences.
10. recognize the importance of entrepreneurship, innovation and sustainable development.
11. have knowledge of the global and social effects of aviation logistics on health environment, and safety, and contemporary issues of the century reflected into the field of aviation logistics.

There is no prerequisite for this course.

1. Macário, R. and Van de Voorde, E. (Editors) (2011). Critical Issues in Air Transport Economics and Business, Routledge Publishing.
2. Wensveen, J. G. (2007). Air Transportation: A Management Perspective. Sixth Edition, Ashgate Publishing. (An oldest version will be fine as well.)
3. Vasigh, B.,Fleming, K. And Tacker T. (2013). Introduction to Air Transport Economics: From Theory to Applications. Second Edition, Ashgate Publishing. (The chapters of this book will be supported by assigned articles/ readings by the instructor. Hence, the course will be comprehensive for the master degree.)
4. Articles and course materials assigned by the instructor to the portal.

Grading will be based upon five quizzes, one case study write-up, one mid-term exam and one final exam.

Mid-Term Exams:	This is 40% of the final average: Two mid-term exams will be administered by means of the portal on the scheduled date. Each exam will be worth equal point (20% each). Each mid-term exam consists of 3 short work problems. There will be 1 hour to complete it.
Final Exam:	This is 35% of the final average: A comprehensive final exam will be administered by means of the portal on the scheduled date. The comprehensive final exam consists of multiple choice questions and short work problem. You only have a two-hour to complete it.
REMARK:	Both midterm exams and final exam also have one bonus question for extra credit. Questions in the exams are designed to make sure that you understand the basic economics tools used in air transportation. The types of questions on the exams will be similar to those asked in the study questions and the class materials covered during the class period.Since the final exam is cumulative, the materials covered after the second midterm exam will be given more weight in the final exam.
Quizzes:	This is 10% of the final average: Students are required to complete 5 online quizzes throughout the course by means of the portal. The online quizzes are composed of ten multiple-choice questions with each quiz covering a separate chapter. The overall score becomes available to each student upon completion of his or her test. Quizzes can be done ahead of time, but it cannot be made up after the deadline of each particular quiz. There will be no make-up online quiz if you fail to complete it by the deadline.
Case Study Write-up:	This is 15% of the final average: These assignment is aimed to improve the understating of current issues. Every student will be responsible for handing a topic in aviation. The case studies will be assigned to the student by the second week of semester or the students have the option to determine their own topic which must be approved by the instructor. On an assigned day of the week, assigned student will upload the case study to the portal as a write-up. The write-up of the case study is due on the last day of class. Grades will be based upon instructor evaluation of your write-up. More details will be given during the course of the semester.

Policy on Make- ups: Make-up examinations will only be administered to students with excused absences. Excused absences include death in the immediate family, University sponsored trips or critical illness. Verification is required and permission to miss an examination must be secured PRIOR TO the scheduled examination time. If this condition is not met, a zero will be given for the missed exam.

Grading Scale
Grade	Quality Points
A = Excellent	90 – 100%
B = Good	80 – 89%
C = Satisfactory	70 – 79%
D = Passing	60 – 69%
F = Failing	below 60%

Incompletes- I

Incompletes (I) demonstrate that a student was doing sufficient work at the end of a semester period but, for reasons beyond the control of the student, was unable to complete all requirements of the course in the related semester. The grade I obliges student to complete all course requirements within a time period that is specified by the instructor. This time period can’t exceed one academic calendar year from the end of the semester in that the grade I is assigned. The students has to arrange with the course instructor in order to complete all course requirements in a specified time period. If all course requirements are not completed by the students in a specified time period, I is changed to the grade F, unless the instructor has assigned a different grade.

Withdrawals-W

Students may withdraw from courses following the drop and add period until mid-term by completing the withdrawal process on the portal. A grade of "W" will appear in the student's official records if the student has withdrawn according to the SFU’s Withdrawal Policy. (Please see the SFU’s Withdrawal Policy for details.)

Participation and consistent attendance is essential for acceptable performance in the course. The students are expected to be present each class period except when special hardships occur, e.g. illness.
Regulations for attendance of Suje Florida University will be applied for this class.

Academic integrity is the responsibility of all Suje Florida University faculty and students. Cheating and plagiarism are not tolerated and will result in a failing grade, if the student is found guilty of cheating. Students are responsible for knowing and abiding by the Academic Integrity Policy. All students are expected to do their own work and to uphold a high standard of academic ethics.

1. As a portal course, it requires extensive work be done by students using the Internet. You must familiarize yourself with your portal account. Supplemental materials, including lecture notes will be posted on portal.
2. Students are expected to read assigned material(s) prior to lecture and participate in discussions and activities.
3. Log on at least three times a week – on different days in order to completely weekly assignments, assessments, discussions and/or other weekly deliverables as directed by the instructor.
4. Check your e-mail often.
5. Communications with the instructor should be via portal or e-mail. Email is preferred.
6. It is your responsibility to ensure you are registered throughout the course.
7. Changes may be necessary in the syllabus. Students will be informed of changes to the syllabus.
8. Students are responsible for any new material or announcements missed due to the absence.
9. Students will use e-mail to communicate with the instructor. Emails sent Monday through Friday will be answered within 24 hours. Emails sent Saturday– Sunday may not be answered until Monday.

Week	Topic	Recommended Reading(s)
1	Economic Characteristics of the Airlines	Wensveen, J. G. (2007). Air Transportation: A Management Perspective. Sixth Edition, Ashgate Publishing.- Chapter 6/ Assigned Articles/ Reading by the Instructor
2	Principles of Economics with Applications in Aviation	Vasigh, B.,Fleming, K. And Tacker T. (2013). Introduction to Air Transport Economics: From Theory to Applications. Second Edition, Ashgate Publishing.- Chapter 2/ Assigned Articles/ Reading by the Instructor
3	Supply and Demand: Analysis in the Airline Industry	Vasigh, B.,Fleming, K. And Tacker T. (2013). Introduction to Air Transport Economics: From Theory to Applications. Second Edition, Ashgate Publishing.- Chapter 3/ Assigned Articles/ Reading by the Instructor
4	Cost and Production Analysis	Assigned Articles/ Reading by the Instructor
5	International Economics and Aviation	Vasigh, B.,Fleming, K. And Tacker T. (2013). Introduction to Air Transport Economics: From Theory to Applications. Second Edition, Ashgate Publishing.- Chapter 6/ Assigned Articles/ Reading by the Instructor
6	Open Skies and Global Alliances MIDTERM EXAM I	Vasigh, B.,Fleming, K. And Tacker T. (2013). Introduction to Air Transport Economics: From Theory to Applications. Second Edition, Ashgate Publishing.- Chapter 7 / Macário, R. and Van de Voorde, E. (Editors) (2011). Critical Issues in Air Transport Economics and Business, Routledge Publishing, pp.251-265.
7	Market Structures and the Aviation Industry -Competitive Market Structures	Vasigh, B.,Fleming, K. And Tacker T. (2013). Introduction to Air Transport Economics: From Theory to Applications. Second Edition, Ashgate Publishing.- Chapter 8/ Assigned Articles/ Reading by the Instructor
8	Market Structures and the Aviation Industry -Hybrid Market Structures	Vasigh, B.,Fleming, K. And Tacker T. (2013). Introduction to Air Transport Economics: From Theory to Applications. Second Edition, Ashgate Publishing.- Chapter 9/ Assigned Articles/ Reading by the Instructor
9	Air Cargo Economics	Wensveen, J. G. (2007). Air Transportation: A Management Perspective. Sixth Edition, Ashgate Publishing.- Chapter 11/ Macário, R. and Van de Voorde, E. (Editors) (2011). Critical Issues in Air Transport Economics and Business, Routledge Publishing, pp.98-132. / Assigned Articles/ Reading by the Instructor
10	Airline Business Models
11	Airline Network Strategies for Service Quality for Airports	Macário, R. and Van de Voorde, E. (Editors) (2011). Critical Issues in Air Transport Economics and Business, Routledge Publishing, pp.203- 221. / Assigned Articles/ Reading by the Instructor
12	Aviation Forecasting and Regression Analysis MIDTERM EXAM II	Vasigh, B.,Fleming, K. And Tacker T. (2013). Introduction to Air Transport Economics: From Theory to Applications. Second Edition, Ashgate Publishing.- Chapter 10./ Assigned Articles/ Reading by the Instructor
13	Dynamic Pricing Policy and Revenue Management	Vasigh, B.,Fleming, K. And Tacker T. (2013). Introduction to Air Transport Economics: From Theory to Applications. Second Edition, Ashgate Publishing.- Chapter 11/ Assigned Articles/ Reading by the Instructor
14	Overview of Macroeconomics for Managers	Vasigh, B.,Fleming, K. And Tacker T. (2013). Introduction to Air Transport Economics: From Theory to Applications. Second Edition, Ashgate Publishing.- Chapter 14/ Assigned Articles/ Reading by the Instructor
15	International Aviation	Wensveen, J. G. (2007). Air Transportation: A Management Perspective. Sixth Edition, Ashgate Publishing.- Chapter 16
16	Final Exam

At the end of the term, all students will be expected to complete an online Student Opinion of Instruction survey (SOI) that will be available on portal. Students will receive an e-mail notification through their Suje Florida University e-mail address when the SOI is available. SOI responses are anonymous to instructors/administrators. Instructors will be able to view only a summary of all responses two weeks after they have submitted final grades.

Suje Florida University is committed to creating a diverse and inclusive work and learning environment free from discrimination and harassment. Discrimination on the basis of race, color, ethnicity, national origin, sex (including pregnancy status, sexual harassment and sexual violence), sexual orientation, gender identity, religion, age, national origin, disability, genetic information, or veteran status, in the Suje Florida University's programs and activities is prohibited as required by applicable laws and regulations such as Title IX. The individual designated with responsibility for coordination of compliance efforts and receipt of inquiries concerning nondiscrimination policies is the University's Title IX Coordinator.

Students with disabilities who are experiencing barriers in this course may contact the Access Office for assistance in determining and implementing reasonable accommodations.