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At the end of this module, students should have an understanding of key microeconomic principles as applied to the aviation industry.
Students should understand the model of the air transport firm, airline costs, output and pricing decisions.
Students should be able to distinguish different models of network organisation, measure and assess them, and understand the operational, economic and regulatory impacts of the different network structures.
Students should be able to compute, analyse and trace the implications of demand elasticities.
Students should have a good understanding of air transport data sources and be able to gather, analyse and use data sources to trace major industry trends and evaluate emerging issues in the industry.
|Student Effort Type||Hours|
|Specified Learning Activities||
|Autonomous Student Learning||
Not applicable to this module.
|Description||Timing||Component Scale||% of Final Grade|
|Assignment: Project||Week 6||n/a||Alternative linear conversion grade scale 40%||No||
|Examination: Final Written Examination||2 hour End of Trimester Exam||No||Alternative linear conversion grade scale 40%||No||
|Resit In||Terminal Exam|
|Summer||Yes - 1 Hour|
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