May 08, 2021  
2018-2019 General Catalog 

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PILT 4020 - Aviation Economics

3 Credit(s)

Examines the economic aspects of the air transportation industry. Includes airline service, corporate aviation, types of aircraft, airports, types of airports, airport problems, consumer interests, and competitive practices. Introduces foundational principles of free enterprise, private and social implications of profit maximization, market structure and market share, resource markets, economic and industry cycles, and the effects of inflation and deflation on short- and long-term economic growth. Introduces competitive advantage, air transport demand, pricing, break even analysis, revenue and capacity management, cost drivers, supply and demand, profit and loss, profit vs. cash flow, political influences, and regulatory issues. This course may be offered online. (As Needed) [Graded]

Prerequisite(s): Instructor or department permission
Registration Restriction(s): None

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