Course Detail: SGA-1005 - Applied Economics in Aviation

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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

 Session Information: W0524-SGA1005-H1

Schedule: Online synchronous classes meet on Saturdays and Sundays from 1300 to 1900 Singapore time (UTC +8) on 22, 23, 29 and 30 Jun.
Only 7 days left to register!
Times: 01:00am-07:00am EDT
Regular Course Fee in USD after 22 May : $550.00

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.

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 

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.


Name Additional Resources
Jack Patel

Facility Detail

ERAU Asia Online
70 Seletar Aerospace View
Seletar Aerospace Park, - 797564