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Course Detail: SGA-1005 - Applied Economics in Aviation

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Overview

This course is a "Core course" that is part of the Graduate Certificate in Aviation. This in-person (2.5-days) or online (20-hours)course in 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.

Who Should Attend

Airline and airport professionals
Aircraft management professionals
Aviation banking & finance professionals

Learning Objectives

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

Course Delivery

The course is delivered over one month in a flexible virtual format, combining live instruction with self-paced coursework.

EagleVision (powered by Zoom): Our virtual classroom technology for live, interactive sessions. Engage directly with professors and classmates in real-time during scheduled lectures. All live sessions are recorded and made available to participants in the event that a session is missed.
Canvas: A modern, cloud-based learning platform accessible from any device. Access course materials, submit assignments, and collaborate on discussion boards at your own pace.

Online EagleVision sessions are held on four Saturdays over the course of one month, with each session meeting for five hours. Sessions are supported by asynchronous Canvas activities between classes. Upcoming course dates and times are listed in the Session Information section below. Class times may be adjusted based on the regions from which participants are joining to accommodate different time zones.

This course may be completed independently or combined with other eligible courses to fulfill the requirements of the Graduate Certificate in Aviation (GCA).

Graduate Certificate in Aviation

The Graduate Certificate in Aviation (GCA) is designed for aviation professionals seeking to strengthen their knowledge and management capabilities within the global aviation industry, with particular emphasis on the Asia and Middle East and North Africa (MENA) regions.

Designed for professionals across airports, airlines, air navigation service providers, aircraft management, banking and finance, and other aviation-related sectors, the program develops practical knowledge and skills for managing aviation organizations and applying fundamental business and operational concepts within a global industry.

GCA Learning Package

Participants planning to complete the Graduate Certificate in Aviation can take advantage of the GCA Learning Package, which includes enrollment in any five (5) eligible GCA courses for a discounted total fee of USD 3,600-a USD 400 saving compared with enrolling in five courses individually. To purchase the GCA Learning Package, select it from the price drop-down menu below.

Session Information: W0327-SGA1005-H1

Schedule:

6 to 27 March 2027 | Online synchronous classes meet on Saturdays and Sundays from 1300 to 1900 Singapore time (UTC +8) / 0800 to 1400 Saudi Arabia time (UTC +3).

Times:

01:00am-07:00am EST

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Price:

Additional Information

Making Payments:
While a credit card is the preferred payment method, payment by invoice can also be requested. Please email us to request an invoice.

Please note that course fees are priced in USD and exclusive of Goods and Services Tax (GST).

Registration and Course Fees:
Full payment is required at the time of registration to secure your seat in an ERAU Professional Education & Training course.

Changes to Your Enrollment:
We understand that plans can change! If you need to withdraw from a course, you'll receive a full refund (100%) as long as you notify us at least ten (10) working days before the start of the course. Requests to withdraw made after this deadline are not eligible for any refund; however, a one-time transfer to the next session may be possible. Requests to withdraw should be sent by email.

Class Cancellations:
In the rare case that a course has low enrollment and needs to be canceled, we'll do our best to let you know as soon as possible. If this happens, you'll receive a full refund (100%) or can transfer to the next session or similar course.

Instructors

Name

Additional Resources

Jack Patel

Biography:

Education: Dr. Jack Patel has attained a bachelor's degree (B.Sc. Economics from UCL, London), a post-graduate diploma in Education (PGCE Business and Economics Education from UCL Institute of Education, London), a master's degree (M.Sc. Economics and Finance from University of Bristol) and an Ed.D (Doctor in Education from UCL Institute of Education, London).

Awards and Experience: In July 2015, 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.

Interests: His research interests are in economic development, globalisation, curriculum design and educational innovation.

Facility Detail

Singapore

ERAU Asia Online

70 Seletar Aerospace View

#02-01 Air 7 Asia Building

Seletar Aerospace Park, - 797564