AVM-5040 Aviation Economics and Fiscal Management
This course focuses on the fiscal management and financial issues of airports, airlines, and others in the aviation industry. Topics include a review of Generally Accepted Accounting Practices (GAAP) and fiscal decision making as they relate to air transportation entities using financial statements, ratios, financial planning, and appraisals. An in-depth examination of operating sources of finance, leasing, costing of operations, and revenue management are explored using finance and micro/macro-economic forecasting. The course integrates economics and fiscal management of airline and airport operations to enable the student to use finance management tools to make knowledgeable and data driven decisions in the air transportation industry.