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 2 - 2025
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.
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%).
Past Exams
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No previous feedback available
Feedback, Recommendations and Responses
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.
Source: UC Reflections
Seeking mid-term student feedback
The mid-term in-class student survey should continue to facilitate timely improvements to the student learning experience.
In Progress
On successful completion of this unit, you will be able to:
- 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
| Assessment Tasks | Learning Outcomes | |||||
|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | 6 | |
| 1 - Online Quiz(zes) | • | • | • | |||
| 2 - Essay | • | • | • | • | • | |
| 3 - Group Work | • | • | • | • | ||
| 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 | • | • | ||||
| 9 - Social Innovation | • | • | • | |||
| Assessment Tasks | Graduate Attributes | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 10 | |