Course Overview
This course aims to provide students with a basic understanding of economics as they relate to aviation. Students will be introduced to key macro and micro economic concepts and theories and will apply these principles to the aviation industry. Evaluation will include a group report and presentation and an examination.
Prerequisite(s)
- No prerequisites are required for this course.
Credits
3.0
- Not offered this term
- This course is not offered this term. Notify me to receive email notifications when the course opens for registration next term.
Learning Outcomes
Upon successful completion of this course, the student will be able to:
- Distinguish between the economic outcomes associated with perfect competition, monopolistic competition, oligopoly and monopoly.
- List and describe the key economic characteristics of the airline industry.
- Describe differences in carrier business models.
- Describe the economic impact of deregulation on the aviation industry.
- Explain and predict the effects of supply and demand on prices in the aviation industry.
- Apply concepts of airline pricing, demand and output determination in the analysis of an airline in Canada.
Effective as of Fall 2022
Related Programs
Aviation Economics (AIRC 2155) is offered as a part of the following programs:
- Indicates programs accepting international students.
- Indicates programs eligible for students to apply for Post-graduation Work Permit (PGWP).
School of Transportation
- Aviation Management and Operations
Diploma Full-time
Programs and courses are subject to change without notice. Find out more about BCIT course cancellations.