ECON 471: Airline Economics

ECON 471-001: Airline Economics
(Fall 2018)

07:20 PM to 10:00 PM M

Enterprise Hall 275

Section Information for Fall 2018

No business applies economic theory better than airlines. From using price elasticity to determine pricing, to forecasting at many different levels, to using incentives to drive consumer behavior, and more, the airline industry is a perfect application of many abstract concepts from Micro and Macro Economics. Bag fees, delays, strikes, and more all make more sense when the underlying economics are understood. 


In this interesting and exciting class, you will learn about how airlines make real decisions related to pricing, aircraft scheduling, labor contracts, airport operations, frequent flier programs and distribution, international alliances, and more. Both passenger and freight industry applications are discussed.  Using very applied concepts, students will use problem sets, readings, business cases, guest speakers currently working in the airline industry, and in-class exercises to keep things interesting and moving. This is a perfect class for Economics majors interested in Business and Finance, and also Business majors, Engineering majors with an aviation interest, and Data Science majors. Cross-listed as both ECON 471 and ECON 695-004, graduate students will also complete a year-end quantitative project that will play concepts learned in the class.


Course Information from the University Catalog

Credits: 3

Economic theory as it is applied to commercial airlines. Limited to three attempts.
Recommended Prerequisite: ECON 306 or permission of instructor.
Schedule Type: Seminar
This course is graded on the Undergraduate Regular scale.

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