Project Description

Applied Economics in Aviation

Advanced Aviation Economics is specifically created for aviation industry professionals to further develop their analytical and critical thinking skills to apply fundamental concepts of economics to the global airline industry, with a particular emphasis on the Asia-Pacific Region.

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  • Airline and airport professionals

  • Aircraft management professionals
  • Aviation banking & finance professionals

Upon completion of this course, students should understand the nature of air transportation demand and airline supply, the economic foundation for airline pricing and the complex methodology for managing passenger and freight fares, airline costs and methods of control, and fleet management. Economic theory will be applied to current and future predicted challenges in aviation within the context of Asia. Upon successful completion of this course, participants will be able to:

  • Describe the role of economic analysis and its application within strategic and tactical management of the global airline industry
  • Assess the potential for regional air transportation growth given the nature of air travel demand including the application of factors that drive demand
  • Describe airline cost structure, the nature of fixed, variable, and controllable costs, and methods of control employed by network and low-fare carriers, and demonstrate the application of airline costs to fleet selection
  • Explain the major segments of passenger and cargo demand classify by price elasticity of demand
  • Contrast the various product and route structure alternatives, including the costs and benefits of each, and means for achieving product differentiation, and describe and give examples of various passenger and cargo business models
  • Compare and contrast competing airline products and assess potential for meeting targeted customer segments and profitability
  • Describe the economic market types and contrast the pricing and output decisions of firms
  • Explain the theory of price discrimination and its application to revenue management in the airline and other industries
  • Discuss the regulatory history of international air transportation and the evolution toward liberalization and competitive markets, and assess the effects of liberalization on air transport growth, product development and pricing
  • Compare and contrast the economics of the global air cargo market with passenger service

Upon completing this course, you’ll be well-prepared for a rewarding career in Corporate and Aviation finance. Whether you aspire to work for airlines, leasing companies, or aircraft manufacturers, your specialized skills will be in high demand.

Jack joined ERAU Asia as a full-time member of faculty. At ERAU Asia, he teaches numerous courses in the areas of finance and economics such as Microeconomics (ECON 210), Macroeconomics (ECON211) and Airport Administration and Finance (BSAB 418). Prior to his time at ERAU Asia, he has taught subjects ranging from Economics, Business Studies and English at pre-university, undergraduate and graduate level.

Previously to Worldwide, Jack has assumed leadership roles in educational departments for 12 years. His vast and diverse experiences comprising of a secondary school in London, a private language school in Osaka, an International School in Dubai, a Polytechnic in Bahrain and a private sector enrichment centre in Singapore. He has recent experience in research and presents at international conferences and was a notable leader, chair, moderator and presenter at EduCon 2015. Jack Patel also supports students at GCSE, A-Level, IB, undergraduate and graduate level subjects in the fields of Business, Finance, Economics, Education and English and also provides post-graduate and doctoral level supervision and private consultations.

Jack has taught all over the world at all age levels including primary, secondary and tertiary institutions. He is a passionate department leader and educator for which he has received numerous teaching awards as voted for by fellow colleagues and students. In September 2015, Jack was honoured to receive an Excellence Award in Educational Leadership at a ceremony organised by the World Education Congress in recognition of his contributions to the education sector in Asia. At ERAU Asia, Jack aims to finely hone his teaching skills, contribute towards curriculum development, assist with the management of the ERAU Asia football team and also contribute to developing wider social aspects and collaboration on campus between staff and students to facilitate the aims andobjectives of the Head of ERAU Asia.

Schedule: Session 1: June 22, 2024, Session 2: June 23, 2024, Session 3: June 29, 2024 and Session 4: June 30, 2024

Times: 10:00 am-04:00 pm PST +5 GMT | 8:00 am-02:00 pm AST +3 GMT | 01:00 pm-07:00 pm UTC +8 GMT

Our course is led by industry experts and backed by the latest industry insights. You’ll gain practical knowledge and real-world skills that can immediately impact your career in Corporate and Aviation Finance.

Fee Structure

Fee: PKR 95,000/- (This is equivalent to around a 40% discount of $550)

Payment Option

Cash Deposit at Institute

Bank Deposit / Transfer

Bank AL Habib

Account title: Aviation Institute of Management (Pvt) Ltd.

Account Number: 1058-0981-013394-500

IBAN: PK41BAHL1058098101339450

Fee: $550 (Five Hundred USD)

$50 Discount for Early Bird Registration

Payment Option

Online Payment by Enrole Portal (link below):

Applied Economics in Aviation [SGA-1005]

Wire Transfer

Bank AL Habib
Account title: Aviation Institute of Management (Pvt) Ltd.
Account Number: 1058-0981-013394-500
IBAN: PK41BAHL1058098101339450

You are also required to send us a copy of your deposit slip (screen shot) for reconciliation and subsequent enrollment in the course. Expect an email from Embry-Riddle (USA/Singapore campus) for enrollment after your payment.


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