Economic theory will be applied to current and future predicted challenges in aviation within the context of Asia. Upon successful completion of this course, participants will be able to:

• Describe the role of economic analysis and its application within strategic and tactical management of the global airline industry.
  
• Assess the potential for regional air transportation growth given the nature of air travel demand including the application of factors that drive demand.
  
• Describe airline cost structure, the nature of fixed, variable, and controllable costs, and methods of control employed by network and low-fare carriers and demonstrate the application of airline costs to fleet selection.
  
• Explain the major segments of passenger and cargo demand classify by price elasticity of demand.
  
• Contrast the various product and route structure alternatives, including the costs and benefits of each, and means for achieving product differentiation, and describe and give examples of various passenger and cargo business models.
  
• Compare and contrast competing airline products and assess potential for meeting targeted customer segments and profitability.
  
• Describe the economic market types and contrast the pricing and output decisions of firms.
  
• Explain the theory of price discrimination and its application to revenue management in the airline and other industries.
  
• Discuss the regulatory history of international air transportation and the evolution toward liberalization and competitive markets and assess the effects of liberalization on air transport growth, product development and pricing.
  
• Compare and contrast the economics of the global air cargo market with passenger service.

Education: Dr. Jack Patel has attained a bachelor's degree (B.Sc. Economics from UCL, London), a post-graduate diploma in Education (PGCE Business and Economics Education from UCL Institute of Education, London), a master's degree (M.Sc. Economics and Finance from University of Bristol) and an Ed.D (Doctor in Education from UCL Institute of Education, London).

Awards and Experience: In July 2015, Jack joined ERAU Asia as a full-time member of faculty. At ERAU Asia, he teaches numerous courses in the areas of finance and economics such as Microeconomics, Macroeconomics and Airport Administration and Finance.

Previously to Worldwide, Jack has assumed leadership roles in educational departments for 12 years. He has recent experience in research and presents at international conferences and was a notable leader, chair, moderator and presenter at EduCon 2015. Jack Patel also supports students at GCSE, A-Level, IB, undergraduate and graduate level subjects in the fields of Business, Finance, Economics, Education and English and also provides post-graduate and doctoral level supervision and private consultations.

At ERAU Asia, Jack aims to finely hone his teaching skills, contribute towards curriculum development, assist with the management of the ERAU Asia football team and also contribute to developing wider social aspects and collaboration on campus between staff and students to facilitate the aims and objectives of the Head of ERAU Asia.

Interests: His research interests are in economic development, globalization, curriculum design and educational innovation.

The entire course will be covered in two week-ends (i.e., 2 x Saturdays and Sundays) from August 19, August 20, August 26, and August 27, 2023 from 10AM to 4:00PM Pakistan Time with one hour lunch break in between.

The course is conducted from Embry-Riddle Aeronautical University’s Singapore campus online, interactive (synchronous mode).

All registered participants shall be given access to video recordings of all the sessions.

All registered participants will have access to the world’s largest Aviation & Aerospace library (online), the Hunt’s Library located in Daytona Beach, Florida, USA.

Upon completion of this course, students should understand the nature of air transportation demand and airline supply, the economic foundation for airline pricing and the complex methodology for managing passenger and freight fares, airline costs and methods of control, and fleet management.

The students will have the option to complete the entire Graduate Certificate in Aviation.

The students will be able to effectively contribute in managing finances, containing costs and enhancing profits for their organization.

• Airline and airport professionals
• Aircraft management professionals
• Aviation banking & finance professionals
• Students aspiring to join the Aviation industry.

Fee per participant: PKR 125,000 + tax. 

Virtual Fee: PKR 100,000 + tax. 

10% discount offer for deserving candidates and groups.

Residential Fee: 15,000/- per night (includes Breakfast, Dinner & Airport Transfer)

IBA CEE Cancellation Policy for Open Enrollment Programs:

In the event of participant's cancellation, the following schedule will apply:

• 5 days before start of workshop - No cancellation
• Within 4 to 2 days prior to workshop Half program fee forfeiture
• Within 1 day and No Shows - Full program fee forfeiture

Cancellation notification must be made in writing to CEE.

Postponement
Due to any unavoidable circumstances, the workshop may be postponed by the institute. In case of postponement, the institute will refund full fee of the program or the participant may opt to defer his/her registration to the next program.

Substitute
Substitutes will be taken at least 2 days prior to the workshop. Should we be unable to accept your application for any reason, your payment (cheque/draft) will be returned to you.

Deferrals
All registrations deferrals must be requested in writing at least 2 days prior to the workshop. Send a note to the Program Registration Team indicating that you wish to have your registration deferred to another session of the same program within one year. The deposited fee will be carried forward. Please note that only one transfer is permitted. After one year, the deposited fee will be fully forfeited.