Course detail

Air Traffic Economics and Management

FSI-OEMAcad. year: 2019/2020

The course provides students with the knowledge and skills in the area of managing operations, economics and financial management. It develops competencies for effective process management, managing finance, analytical skills for acquiring and analysing information for decision making. It also develops skills for rationale arguing and deriving independent conclusions based on analytical and critical approach to the financial information and its further presentation and defence.

Learning outcomes of the course unit

Students will acquire knowledge and skills in the area of managing operations, economics and managing finance. The course develops competencies for effective managing processes and financial management, analytical skills for acquiring and analysing information for decision making. It also develops skills for rationale arguing and deriving independent conclusions based on analytical and critical approach to the financial information and their further presentation and defence.

Prerequisites

Completion of the previous course Management and marketing is expected.

Co-requisites

Not applicable.

Recommended optional programme components

Not applicable.

Recommended or required reading

JANÍČEK, L., Strategické řízení a podnikové strategie, 2018, učební text, Brno
PORTER, M., Konkureční výhoda, 1995, Victoria Publishing, Praha
HANUŠ B., Základy ekonomiky dopravy
SEDLÁČEK, B., Provoz a ekonomika letecké dopravy I,II
DELFMANN, Werner et al., Strategic management in the aviation industry. Cologne: Kolner Wissenschaftsverlag, 2005

Planned learning activities and teaching methods

The course is taught through lectures explaining the basic principles and theory of the discipline. Exercises are focused on practical topics presented in lectures.

Assesment methods and criteria linked to learning outcomes

The course-unit credit requirements: the attendance at lectures and exercises is compulsory (80% at the minimum), submission of final work (3000 words) and its defence. The exam comprises of the defence of the final work and the discussion.

Language of instruction

Czech

Work placements

Not applicable.

Aims

Students will understand the principles of managing operations, economics and financial management with special focus on management of aircraft operations.

Specification of controlled education, way of implementation and compensation for absences

The attendance at lectures and exercises is compulsory (80% at the minimum), and it is checked and recorded. The absence (in justifiable cases) can be compensated by personal consultation with the lecturer and elaboration of individually assigned topics and exercises. Individual tasks must be finished and handed in within the course-unit credit week at the latest.

Classification of course in study plans

  • Programme M2I-P Master's

    branch M-LPR , 1. year of study, winter semester, 3 credits, compulsory
    branch M-LPR , 1. year of study, winter semester, 3 credits, compulsory

Type of course unit

 

Lecture

26 hours, optionally

Teacher / Lecturer

Syllabus

1. Managing operations, classification of production systems.
2. Methods for managing, planning and scheduling of operations.
3. Strategic operations management.
4. Economics, macroeconomics and microeconomics of an enterprise.
5. Financial management.
6. Financial planning, budgeting and accounting.
7. Financial analysis.
8. Planning investments.
9. Evaluation of investments effectiveness.
10. Managing costs.
11. Value analysis and controlling.
12. Risk management.
13. International financial operations.

Exercise

13 hours, compulsory

Teacher / Lecturer

Syllabus

1. Process graphing: Gannt diagrams, network diagrams.
2. Methods of network analysis: Critical Path Method CPM, PERT Method.
3. Cost calculation.
4. Budget planning.
5. Analysis of accountancy sheets: balance sheet, profit anmd loss sheet, cash flow sheet.
6. Financial parameters.
7. Pyramidal financial breakdowns.
8. Net present and future value of money.
9. Parameters of investments effectiveness analysis.
10. Risk-benefit analysis.
11. Value analysis of product functions.
12. Methods of international payment, INCOTERMS.
13. Methods: factoring, forfeiting, clearing, leasing.