Overview
Aviation Economics will provide a broad perspective of how economic theories and financial concepts relate and apply to the air transport industry. You will develop a critical awareness of the economic principles and theories that underpin air transport management and the concepts of demand and supply, elasticity, and regulation and deregulation as they apply to airlines and airports. In this unit, you will examine the inter-related nature of air transport and other sectors of an economy, and the interactions of air transport with broader socio-economic, tourism and environmental issues.
Details
Pre-requisites or Co-requisites
Pre-requisites: AVAT11013 Introduction to Aviation or AVAT11002 Basic Aeronautical Knowledge and AVAT11008 Introduction to Aviation Management and ECON11026 Principles of Economics.
Important note: Students enrolled in a subsequent unit who failed their pre-requisite unit, should drop the subsequent unit before the census date or within 10 working days of Fail grade notification. Students who do not drop the unit in this timeframe cannot later drop the unit without academic and financial liability. See details in the Assessment Policy and Procedure (Higher Education Coursework).
Offerings For Term 2 - 2023
Attendance Requirements
All on-campus students are expected to attend scheduled classes – in some units, these classes are identified as a mandatory (pass/fail) component and attendance is compulsory. International students, on a student visa, must maintain a full time study load and meet both attendance and academic progress requirements in each study period (satisfactory attendance for International students is defined as maintaining at least an 80% attendance record).
Recommended Student Time Commitment
Each 6-credit Undergraduate unit at CQUniversity requires an overall time commitment of an average of 12.5 hours of study per week, making a total of 150 hours for the unit.
Class Timetable
Assessment Overview
Assessment Grading
This is a graded unit: your overall grade will be calculated from the marks or grades for each assessment task, based on the relative weightings shown in the table above. You must obtain an overall mark for the unit of at least 50%, or an overall grade of ‘pass’ in order to pass the unit. If any ‘pass/fail’ tasks are shown in the table above they must also be completed successfully (‘pass’ grade). You must also meet any minimum mark requirements specified for a particular assessment task, as detailed in the ‘assessment task’ section (note that in some instances, the minimum mark for a task may be greater than 50%). Consult the University’s Grades and Results Policy for more details of interim results and final grades.
All University policies are available on the CQUniversity Policy site.
You may wish to view these policies:
- Grades and Results Policy
- Assessment Policy and Procedure (Higher Education Coursework)
- Review of Grade Procedure
- Student Academic Integrity Policy and Procedure
- Monitoring Academic Progress (MAP) Policy and Procedure – Domestic Students
- Monitoring Academic Progress (MAP) Policy and Procedure – International Students
- Student Refund and Credit Balance Policy and Procedure
- Student Feedback – Compliments and Complaints Policy and Procedure
- Information and Communications Technology Acceptable Use Policy and Procedure
This list is not an exhaustive list of all University policies. The full list of University policies are available on the CQUniversity Policy site.
- Apply key microeconomic principles to the aviation industry context
- Identify the drivers of the evolution of the aviation industry and the factors influencing the supply of and demand for aviation services
- Discuss the key economic issues relating to the provision, ownership, and regulation of aviation infrastructure
- Analyse key globalisation trends in the aviation industry including the impact of Open Sky policies and Global Alliances
- Identify the characteristics of the different market structures within which aviation organisations function and discuss their impact
- Effectively communicate the results of economic analysis to an audience of stakeholders regarding a potential project or decision.
N/A
Alignment of Assessment Tasks to Learning Outcomes
| Assessment Tasks | Learning Outcomes | |||||
|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | 6 | |
| 1 - Online Quiz(zes) - 30% | ||||||
| 2 - Essay - 30% | ||||||
| 3 - Group Work - 40% | ||||||
Alignment of Graduate Attributes to Learning Outcomes
| Graduate Attributes | Learning Outcomes | |||||
|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | 6 | |
| 1 - Communication | ||||||
| 2 - Problem Solving | ||||||
| 3 - Critical Thinking | ||||||
| 4 - Information Literacy | ||||||
| 5 - Team Work | ||||||
| 6 - Information Technology Competence | ||||||
| 7 - Cross Cultural Competence | ||||||
| 8 - Ethical practice | ||||||
| 9 - Social Innovation | ||||||
| 10 - Aboriginal and Torres Strait Islander Cultures | ||||||
Textbooks
There are no required textbooks.
IT Resources
- CQUniversity Student Email
- Internet
- Unit Website (Moodle)
- Computer - ability to access study materials, including instructional videos and scan and upload assessment.
- Computer - ability to access study materials, access Zoom application for meetings and view instructional videos.
All submissions for this unit must use the referencing style: American Psychological Association 7th Edition (APA 7th edition)
For further information, see the Assessment Tasks.
w.tseng@cqu.edu.au
Module/Topic
Course Introduction and Overview, Airline Industry
Chapter
Vasigh, B., Fleming, K., & Tacker, T. (2018). Introduction to Air Transport Economics: From Theory to Applications (3rd ed.). Routledge. Chapter 1
Events and Submissions/Topic
Lecture and Tutorial discussion
Module/Topic
Basic Economics and Government
Chapter
Vasigh, B., Fleming, K., & Tacker, T. (2018), Chapter 2.
Events and Submissions/Topic
Lecture and Tutorial
Assignment/Exercises/quizzes discussion
Module/Topic
Supply and Demand in the Airline Industry
Chapter
Vasigh, B., Fleming, K., & Tacker, T. (2018), Chapter 3.
Events and Submissions/Topic
Lecture and Tutorial
Module/Topic
Cost and Production Analysis in the Airline Industry
Chapter
Vasigh, B., Fleming, K., & Tacker, T. (2018), Chapter 4.
Events and Submissions/Topic
Lecture and Tutorial
Module/Topic
Dynamic pricing Policy and Revenue Management
Chapter
Vasigh, B., Fleming, K., & Tacker, T. (2018), Chapter 11.
Events and Submissions/Topic
Lecture and Tutorial
Module/Topic
Chapter
Events and Submissions/Topic
Lecture and Tutorial
Module/Topic
Application Week – Revision discussions
Chapter
Weeks 1 - 5
Events and Submissions/Topic
Online Quiz
Group tutorial exercises due
Module/Topic
Market Structure and the Aviation Industry
Chapter
Vasigh, B., Fleming, K., & Tacker, T. (2018), Chapters 8 & 9.
Events and Submissions/Topic
Lecture and Tutorial
Module/Topic
Low Cost Carriers (LCCs)
Chapter
Vasigh, B., Fleming, K., & Tacker, T. (2018), Chapter 12.
Events and Submissions/Topic
Lecture and Tutorial
Module/Topic
International Economics and Aviation
Chapter
Vasigh, B., Fleming, K., & Tacker, T. (2018), Chapter 6.
Events and Submissions/Topic
Lecture and Tutorial
Module/Topic
Aviation Forecasting and Regression Analysis
Chapter
Vasigh, B., Fleming, K., & Tacker, T. (2018), Chapter 10.
Events and Submissions/Topic
Lecture and Tutorial
Module/Topic
Course Review
Chapter
Weeks 1-10
Events and Submissions/Topic
Online Quiz
Group tutorial exercises due
Group tutorial exercises Due: Week 11 Monday (25 Sept 2023) 11:45 pm AEST
Module/Topic
Application Week
Chapter
Weeks 1-10
Events and Submissions/Topic
Group Assignment Presentations
Group Assignment Due: Week 12 Monday (2 Oct 2023) 11:45 pm AEST
Module/Topic
NA
Chapter
Events and Submissions/Topic
Module/Topic
Note: Course schedule and assessments subject to change due to student enrolment numbers.
Chapter
Events and Submissions/Topic
Unit Coordinator
Dr Wen-Chun Tseng
(Email:) w.tseng@cqu.edu.au
Lecturer
Dr William Harvey
(Email) w.harvey@cqu.edu.au
1 Online Quiz(zes)
Online quizzes will be conducted in Week 6 covering all the theory content of Weeks 1-5, and in Week 11 covering al the theory of Weeks 6-10.
Covers Learning Outcomes 1,2,5
2
Other
Quiz 1 due in week 6 and Quiz 2 due in week 11
Online quizzes will be graded automatically
This is a graded assessment: You must obtain an overall mark of at least 50% in each online quiz to pass the assessment item.
- Apply key microeconomic principles to the aviation industry context
- Identify the drivers of the evolution of the aviation industry and the factors influencing the supply of and demand for aviation services
- Identify the characteristics of the different market structures within which aviation organisations function and discuss their impact
2 Essay
Students are to work on the weekly tutorial exercises in groups each week and submit in Week 11 via Moodle.
Week 11 Monday (25 Sept 2023) 11:45 pm AEST
Week 11 Monday (25 Sept 2023)
This is a graded assessment: You must obtain an overall mark of at least 50% in each online quiz to pass the assessment item.
Covers Learning Outcomes 1,3,4,6.
- Identify the drivers of the evolution of the aviation industry and the factors influencing the supply of and demand for aviation services
- Discuss the key economic issues relating to the provision, ownership, and regulation of aviation infrastructure
- Analyse key globalisation trends in the aviation industry including the impact of Open Sky policies and Global Alliances
- Identify the characteristics of the different market structures within which aviation organisations function and discuss their impact
- Effectively communicate the results of economic analysis to an audience of stakeholders regarding a potential project or decision.
3 Group Work
Students are to complete a written research assignment on a topic as given in Week 2.
Covers Learning Outcomes 2,3,4,5,6.
Week 12 Monday (2 Oct 2023) 11:45 pm AEST
This is a graded assessment: You must obtain an overall mark of at least 50% in each online quiz to pass the assessment item.
- Apply key microeconomic principles to the aviation industry context
- Discuss the key economic issues relating to the provision, ownership, and regulation of aviation infrastructure
- Analyse key globalisation trends in the aviation industry including the impact of Open Sky policies and Global Alliances
- Effectively communicate the results of economic analysis to an audience of stakeholders regarding a potential project or decision.
As a CQUniversity student you are expected to act honestly in all aspects of your academic work.
Any assessable work undertaken or submitted for review or assessment must be your own work. Assessable work is any type of work you do to meet the assessment requirements in the unit, including draft work submitted for review and feedback and final work to be assessed.
When you use the ideas, words or data of others in your assessment, you must thoroughly and clearly acknowledge the source of this information by using the correct referencing style for your unit. Using others’ work without proper acknowledgement may be considered a form of intellectual dishonesty.
Participating honestly, respectfully, responsibly, and fairly in your university study ensures the CQUniversity qualification you earn will be valued as a true indication of your individual academic achievement and will continue to receive the respect and recognition it deserves.
As a student, you are responsible for reading and following CQUniversity’s policies, including the Student Academic Integrity Policy and Procedure. This policy sets out CQUniversity’s expectations of you to act with integrity, examples of academic integrity breaches to avoid, the processes used to address alleged breaches of academic integrity, and potential penalties.
What is a breach of academic integrity?
A breach of academic integrity includes but is not limited to plagiarism, self-plagiarism, collusion, cheating, contract cheating, and academic misconduct. The Student Academic Integrity Policy and Procedure defines what these terms mean and gives examples.
Why is academic integrity important?
A breach of academic integrity may result in one or more penalties, including suspension or even expulsion from the University. It can also have negative implications for student visas and future enrolment at CQUniversity or elsewhere. Students who engage in contract cheating also risk being blackmailed by contract cheating services.
Where can I get assistance?
For academic advice and guidance, the Academic Learning Centre (ALC) can support you in becoming confident in completing assessments with integrity and of high standard.
What can you do to act with integrity?
