Home
Courses
Aeronautical Engineering
Economics and Management of Air Transport

Economics and Management of Air Transport

Code	15246
Year	2
Semester	S1
ECTS Credits	6
Workload	TP(60H)
Scientific area	Aeronautics and Astronautics
Entry requirements	None.
Learning outcomes	Air Transport takes place in an increasingly complex environment due, on the one hand, to the diversity of the agents involved and, on the other hand, to the role it plays in terms of economic development. The Economy and Management of Air Transport intends to frame this reality at national and international levels, seeking to develop in students, on the one hand, a critical reasoning around the subject and, on the other, the skills that allow them to take the most appropriate options if faced with decision-making processes in real life scenarios.
Syllabus	Chapter 1. Importance of Transport: Systemic Perspective; Transport Planning; Mobility and Transport; Characteristics of Transport Systems; Accessibility and Transport; Transport and Sustainability; Globalization and Transport; Study cases. Chapter 2. Transport Economics: Demand, Supply and Balance; Demand Sensitivity; Changes in Elasticities; Kraft model; Direct and Cross Elasticities; Surplus of Demand; Transport Offer; Associated Costs; Price Policies; Demand, Revenue and Expense Forecast; Exercises; Study cases. 3. Chapter 3. Air Transport Economics and Management: The Air Transport Industry, Air Transport Market and Services; Costs and Production; Air Transport Infrastructure; International Economy and Air Transport; Open Skies and Global Alliances policies; Market Structure and Monopolies; Forecast in Air Transport; Pricing Policy, Low Cost Airlines; Study cases.
Main Bibliography	Young, S, and A. Wells, A. (Ed) (2019) Airport Planning & Management (7th Edition), New York, McGraw-Hill, ISBN: 978- 1260143324. Vasig, B., Fleming, L. and T. Tacker (2016) Introduction to Air Transport Economics. From Theory to Applications (2nd Edition), Routledge, USA, ISBN: 1-4094-5487-8. Schmitt, D. and V. Gollnick (2016) Air Transport System, Springer-Verlag, Wien, DOI: 10.1007/978-3-7091-1880-1. Macário, R. and Eddy Van de Voorde (2011) Critical Issues in Air Transport Economics and Business, Routledge, USA, ISBN: 0-203-84533-1 Maria Emilia Baltazar, Jorge Silva (2020) Spanish airports performance and efficiency benchmark. A PESA-AGB study, Journal of Air Transport Management, Vol. 89 (101889), DOI: 10.1016/j.jairtraman.2020.101889. Baltazar, Maria Emília; Rosa, Tiago; Silva, Jorge (2018) Global decision support for airport performance and efficiency assessment, Journal of Air Transport Management, Vol. 71, pp 220-242, DOI: 10.1016/j.jairtraman.2018.04.009.
Language	Portuguese. Tutorial support is available in English.