Aviation Management
Bachelor	TR-NQF-HE: Level 6	QF-EHEA: First Cycle	EQF-LLL: Level 6

General course introduction information

Course Code:

SHU112

Course Name:

Aviation Economics

Course Semester:

Spring

Course Credits:

Theoretical	Practical	Credit	ECTS
3	0	3	7

Language of instruction:

Course Requisites:

Does the Course Require Work Experience?:

Type of course:

Compulsory

Course Level:

Bachelor

TR-NQF-HE:6. Master`s Degree

QF-EHEA:First Cycle

EQF-LLL:6. Master`s Degree

Mode of Delivery:

Face to face

Course Coordinator :

Prof. Dr. KAMİL NECDET AR

Course Lecturer(s):

Prof. Dr. KAMİL NECDET AR

Course Assistants:

Course Objective and Content

Course Objectives:	The aim of this course is to make students knowledgeable and well-equipped on issues such as economic aspects of civil aviation, air transportation, airline logistics.
Course Content:	Basic Principles of Economy, Market Balance, Consumer Balance, Supply-Demand Analysis in Aviation Sector, Capital Budgeting in Aviation Enterprises, Investment Decisions

Learning Outcomes

The students who have succeeded in this course;

Learning Outcomes

1 - Knowledge
Theoretical - Conceptual
1) To take students' knowledge level and aviation economy notions to professional level in the field of aviation economy with education and training that will include the economic aspects of the aviation industry, the conceptual elements of the aviation economy, and the economic qualities and features of the air transportation industry.
2 - Skills
Cognitive - Practical
3 - Competences
Communication and Social Competence
Learning Competence
Field Specific Competence
Competence to Work Independently and Take Responsibility

Lesson Plan

Week	Subject	Related Preparation
1)	Definition of Economy, Concepts	NONE
2)	Basic Principles of the Economy, Market Balance, Consumer Balance	NONE
3)	Airline Transport Industry	NONE
4)	Supply-Demand Analysis in Aviation Industry	NONE
5)	Cost Classification and Analysis in Aviation Industry	NONE
6)	Aviation Sector Dynamics	NONE
7)	Airport Ownership and Business Structure	NONE
8)	Midterm	NONE
9)	Finance and Profit Planning in Aviation Enterprises	NONE
10)	Capital Budgeting in Aviation Enterprises, Investment Decisions	NONE
11)	Airline Logistics	NONE
12)	Airline Logistics, International Agreements	NONE
13)	Transport Agreements and Contents	NONE
14)	Repetition of the topics	NONE
15)	Final exam	NONE

Sources

Course Notes / Textbooks:	1-Havayolu Taşımacılığı ve Ekonomik Düzenlemeler Teori ve Türkiye Uygulaması, Sivil Havacılık Genel Müdürlüğü; Yayın No. HUD/T-01 2-Havayolu Taşımacılığı 840UH0122 MEB , Ankara, 2011 3-Hava Ulaştırma Ekonomisi İstanbul Üniversitesi, Uzaktan Eğitim Fakültesi, 2010
References:	1-Ticari Hava Taşıma İşletmelerinin Finansal Ve Mali Konularda Denetlenmesine İlişkin Talimat SHT-6AF 2-Havayolu Lojistiği, Servet Başol, ATCo License No. 216

Course-Program Learning Outcome Relationship

Learning Outcomes	1
Program Outcomes
1) He/she has in-depth information required by the legal, social and environmental framework in which all transportation operations, especially aviation, are involved.
2) He/she has advanced theoretical and practical knowledge, supported by books, equipment and other sources containing up-to-date information on air transportation / logistics.
3) He/she has sufficient knowledge for the technical aspects of air transportation and logistics.
4) He/she has sufficient legal knowledge on basic issues related to international trade and business.
5) He/she uses theoretical and practical knowledge in aviation business management, logistics, transportation and business management solutions together.
6) He/she uses theoretical and applied knowledge in mathematics, science and transportation together to solve operational problems.
7) He/she identifies, defines, formulates and solves basic problems related to the field of air transportation / logistics. For this purpose, he/she selects and applies appropriate analytical methods and modeling techniques.
8) He/she analyzes a system, system component or process and designs it under realistic constraints to meet desired requirements; applies modern design methods accordingly.
9) He/she selects and uses modern and technical tools required for basic applications in air transportation / logistics.
10) He/she independently conducts a comprehensive advanced level study in air transportation / logistics.
11) He/she accesses information by doing research, uses databases and other information resources.
12) He/she works effectively in multidisciplinary teams and takes responsibility.
13) He/she plans project development studies in the field and manages related activities.
14) He/she organizes, plans and directs teamwork in air transportation / logistics related comprehensive projects.
15) With the awareness of the necessity of life-long learning, he/she follows science and technology developments in aviation management, logistics and transportation and renews himself/herself constantly. He/she also evaluates the knowledge / skills acquired in the field with a critical thinking.
16) He/she works individually and in multi-disciplinary teams in aviation management, national and international transportation and logistics environments both in theoretical and applied fields.
17) He/she selects and uses modern and technical tools necessary for air transport / logistics applications.
18) He/she communicates effectively with relevant people and institutions, being aware of the universal and social effects of applications and solutions in the aviation field.
19) He/she develops solutions to problems and shares his ideas in writing and verbally, supporting them with quantitative and qualitative data.
20) He/she has a comprehensive understanding about management of aviation companies, safety and security issues in aviation, air law, airport operations and technical aspects of aviation specific applications.
21) He/she is aware of the aviation principles and values. He/she has professional and ethical responsibility.

Course - Learning Outcome Relationship

No Effect	1 Lowest	2 Low	3 Average	4 High	5 Highest

	Program Outcomes	Level of Contribution
1)	He/she has in-depth information required by the legal, social and environmental framework in which all transportation operations, especially aviation, are involved.	3
2)	He/she has advanced theoretical and practical knowledge, supported by books, equipment and other sources containing up-to-date information on air transportation / logistics.	4
3)	He/she has sufficient knowledge for the technical aspects of air transportation and logistics.	2
4)	He/she has sufficient legal knowledge on basic issues related to international trade and business.	4
5)	He/she uses theoretical and practical knowledge in aviation business management, logistics, transportation and business management solutions together.	2
6)	He/she uses theoretical and applied knowledge in mathematics, science and transportation together to solve operational problems.	4
7)	He/she identifies, defines, formulates and solves basic problems related to the field of air transportation / logistics. For this purpose, he/she selects and applies appropriate analytical methods and modeling techniques.	5
8)	He/she analyzes a system, system component or process and designs it under realistic constraints to meet desired requirements; applies modern design methods accordingly.	3
9)	He/she selects and uses modern and technical tools required for basic applications in air transportation / logistics.	4
10)	He/she independently conducts a comprehensive advanced level study in air transportation / logistics.	5
11)	He/she accesses information by doing research, uses databases and other information resources.	2
12)	He/she works effectively in multidisciplinary teams and takes responsibility.	1
13)	He/she plans project development studies in the field and manages related activities.	3
14)	He/she organizes, plans and directs teamwork in air transportation / logistics related comprehensive projects.	4
15)	With the awareness of the necessity of life-long learning, he/she follows science and technology developments in aviation management, logistics and transportation and renews himself/herself constantly. He/she also evaluates the knowledge / skills acquired in the field with a critical thinking.	3
16)	He/she works individually and in multi-disciplinary teams in aviation management, national and international transportation and logistics environments both in theoretical and applied fields.	5
17)	He/she selects and uses modern and technical tools necessary for air transport / logistics applications.	3
18)	He/she communicates effectively with relevant people and institutions, being aware of the universal and social effects of applications and solutions in the aviation field.	2
19)	He/she develops solutions to problems and shares his ideas in writing and verbally, supporting them with quantitative and qualitative data.
20)	He/she has a comprehensive understanding about management of aviation companies, safety and security issues in aviation, air law, airport operations and technical aspects of aviation specific applications.
21)	He/she is aware of the aviation principles and values. He/she has professional and ethical responsibility.

Learning Activity and Teaching Methods

Expression
Lesson
Reading
Q&A / Discussion

Assessment & Grading Methods and Criteria

Written Exam (Open-ended questions, multiple choice, true-false, matching, fill in the blanks, sequencing)

Assessment & Grading

Semester Requirements	Number of Activities	Level of Contribution
Midterms	1	% 40
Final	1	% 60
total		% 100
PERCENTAGE OF SEMESTER WORK		% 40
PERCENTAGE OF FINAL WORK		% 60
total		% 100

Workload and ECTS Credit Grading

Activities	Number of Activities	Duration (Hours)	Workload
Course Hours	14	3	42
Study Hours Out of Class	16	10	160
Midterms	1	1	1
Final	1	1	1
Total Workload			204