AVAT12015 - Aviation Economics

General Information

Unit Synopsis

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

Level Undergraduate
Unit Level 2
Credit Points 6
Student Contribution Band SCA Band 2
Fraction of Full-Time Student Load 0.125
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).

Class Timetable View Unit Timetable
Residential School No Residential School

Unit Availabilities from Term 3 - 2024

Term 2 - 2025 Profile
Cairns
Online

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).

Assessment Overview

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.

Assessment Tasks

Assessment Task Weighting
1. Online Quiz(zes) 30%
2. Essay 30%
3. Group Work 40%

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

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Every unit is reviewed for enhancement each year. At the most recent review, the following staff and student feedback items were identified and recommendations were made.

Unit learning Outcomes

On successful completion of this unit, you will be able to:

  1. Apply key microeconomic principles to the aviation industry context
  2. Identify the drivers of the evolution of the aviation industry and the factors influencing the supply of and demand for aviation services
  3. Discuss the key economic issues relating to the provision, ownership, and regulation of aviation infrastructure
  4. Analyse key globalisation trends in the aviation industry including the impact of Open Sky policies and Global Alliances
  5. Identify the characteristics of the different market structures within which aviation organisations function and discuss their impact
  6. 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
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1 - Online Quiz(zes) • • •
2 - Essay • • • • •
3 - Group Work • • • •
Alignment of Graduate Attributes to Learning Outcomes
• Introductory Level
• Intermediate Level
• Graduate Level
Graduate Attributes Learning Outcomes
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1 - Communication • • • • •
2 - Problem Solving • •
3 - Critical Thinking • • • • •
4 - Information Literacy • •
5 - Team Work • •
6 - Information Technology Competence • •
7 - Cross Cultural Competence • •
9 - Social Innovation • • •
Alignment of Assessment Tasks to Graduate Attributes
• Introductory Level
• Intermediate Level
• Graduate Level
Assessment Tasks Graduate Attributes
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