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INTRODUCTION TO AIR TRANSPORT ECONOMICS from theory to application 4th Edition By Bijan Vasigh, Brian Pearce, Ken Fleming, Thomas Tacker

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Pages: 549
File size: 25.7 MB
Format: Digital PDF
Course: Education
Category: eBook[PDF]

About this ebook

The 4th Edition of Air Transport Economics: From Theory to Applications by Bijan Vasigh and Brian Pearce (with foundational contributions from Ken Fleming) comprehensively applies fundamental economic theories to the global aviation industry. [1, 2]

Published by Routledge in 2024, the fourth edition blends core microeconomic and macroeconomic theories with real-world managerial applications. [1, 2, 3]

Key Core Topics Covered

The Evolving Air Transport Industry: Historical industry development, historical trends, deregulation, and the post-COVID-19 financial climate.
Principles of Economics: Basic microeconomic principles applied to aviation decision-making.
Supply and Demand Analysis: Foundations of consumer demand, volatility, elasticity, and determinants of air travel demand.
Cost and Production Analysis: Classifications of operating costs, production functions, and cost-efficiency structures.
Aviation Infrastructure: The economics, ownership models, operations, and management of airports and air traffic control systems.
International Economics and Trade: Global trade frameworks, comparative advantages, and international aviation networks.
Open Skies and Global Alliances: Chronology of air service agreements, bilateral frameworks, and airline partnerships.
Market Structures: Analysis of pure monopoly, perfect competition, and hybrid market types like oligopolies.
Aviation Forecasting: Practical applications of statistical forecasting and regression analysis for demand planning.
Dynamic Pricing and Revenue Management: Seat inventory optimization and modern computer applications used in dynamic airline pricing.
Low-Cost Carriers (LCCs) and Start-ups: Economic analysis of the budget carrier business model versus traditional hub-and-spoke systems.
Aviation Safety and Security: The systemic economic tradeoffs and regulations governing industry risk management.
Macroeconomics for Managers: Broader impacts of inflation, unemployment, economic growth cycles, and macroeconomic shocks on airlines. [1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11]

Major 4th Edition Updates

COVID-19 Impact and Recovery: Deep analysis of how the pandemic disrupted the global market, alongside recovery strategies.
Aviation and Climate Change: A brand-new dedicated chapter evaluating carbon reduction frameworks, environmental policies, and sustainable aviation fuels.
Expanded Case Studies: Updated real-world scenarios evaluating contemporary airline strategies and economic challenges. [1, 2, 3]