07:20 PM to 10:00 PM M
Aquia Building 219
Section Information for Fall 2017
Why do most passengers on the same airplane pay a different price? Why would an airline charge separately to carry on a bag? Why do some airports charge by weight and others by seats? Why do pilots have more negotiating leverage than mechanics or flight attendants? Why do some air routes have a lot of competitors and some are monopolies? Why are some airport gates never used yet can't be offered to others? If you want to know the answers to these and many more questions about the airline industry, this is the course for you! Learn how fundamental economic concepts like scarcity, opportunity cost, marginal cost, demand forecasting, availability bias, price elasticity, and others drive the way the US airline industry is structured today. Economics really comes alive in this new and original class, Airline Economics. The class is well suited for Economics majors, business majors, and anyone interested in aviation. If you like Freakonomics, you're a good fit for the class too!
The instructor for this course is Ben Baldanza. Mr. Baldanza has been active in the airline business for over 30 years. For the last eleven years he was the CEO and President of Spirit Airlines. Spirit defined a new sector of travel in North America and became the fastest growing and most profitable airline in the world. Prior to Spirit, Ben played influential roles at US Airways, Taca, Continental, Northwest, and American Airlines. He has a Masters Degree in Transport Economics from Princeton University and an undergraduate Economics degree from Syracuse University.
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