Microlearning

Economics of Costs - Concepts

This video is part of a series of microlearning courses aiming to provide insights into specific topics.

Volodymyr  Bilotkach
Volodymyr Bilotkach, Associate Professor in Aviation Management, Purdue University
@ Aeroclass

Language: English
Category: Airline Management & Operations, Economics & Finance
Duration: 15m
Economics of Costs - Concepts

Course description

Explore the key components of the airline costs. Learn about the main definitions and concepts such as “short-run” and “long-run”, fixed and variable costs, economies of scale, diseconomies of scale, and more.


This extract is part of the video course Managing Airline Expenses: Cost-Cutting Strategies. To watch the full course and get your certificate click here.

Course overview
1. Economics of Costs - Concepts

Meet your instructor

Volodymyr  Bilotkach

Volodymyr Bilotkach

Associate Professor in Aviation Management, Purdue University

Dr Bilotkach’s academic career has taken him around the world. He has worked in Universities in Ukraine, the USA, the UK, and now Singapore, and held visiting positions in Korea, Germany, and Japan. His research covers a number of issues in economics and policy of the commercial civil aviation sector. He has published over 40 articles in refereed journals. His book ‘Economics of Airlines’ (2nd edition 2021) provides an assessment of the impact of Covid-19 pandemic on the aviation sector, while remaining a comprehensive introduction to the economics of the aviation sector. Being an internationally visible scholar in aviation economics and policy, Dr Bilotkach has been serving as an Associate Editor of the Journal of Air Transport Management since 2013, and will assume the post of the journal’s Co-Editor-in-Chief from January 2022.


In addition to his academic work, Dr Bilotkach has advised the European Commission, the US Department of Transportation, Malaysian Aviation Commission, and other organizations on policy issues in the aviation sector.

Experience: Over 15 years of teaching and research experience as a faculty member at the University of California, Irvine; Newcastle University (UK); Singapore Institute of Technology, and other institutions of higher learning.

Achievements: Ph.D. in Economics, University of Arizona, USA; MA and BA in Economics, University of Kyiv-Mohyla Academy, Ukraine.

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