Management

Programs

Master of Science

• •  Airport Management, MS

Master of Business Administration

• •  Aviation Management, MBA

Courses

Management

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  MGT 500 - Research Methods

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  3 credit(s)
  The course introduces both the techniques of scientific research and the use of available information to better address problems in the airport environment. Research design and methodologies are presented. Additional topics include problem formulation, operational definitions, statistical applications and decision analysis.

  The student will be guided to develop and demonstrate competency in scientific business research methodology and techniques. This course requires the development of a research proposal to be used for the thesis or master’s project.

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  MGT 509L - Strategic Business Simulations

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  1 credit(s)
  This course will explore business strategy from two perspectives: theoretical and practical. At the theoretical level, we examine the strategic discourse that occurs among complementary but competing groups in a company (e.g., research and development, marketing and sales, production and finance) for resources needed to create, market and deliver products in a competitive environment. At the practical level, students are organized into teams, given a simulated company to manage and put into competition with other teams for a simulated period of eight years. They will apply knowledge gained in their academic and working lives from many disciplines (e.g., management, marketing, managerial accounting, communications) in order to compete effectively. In essence, the course is a study in trade-offs that must be made in the dynamic environment of business competition. Students will gain a command of the holistic, integrated perspectives required to make effective trade-offs in managing a business. Computer simulation fee required.
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  MGT 510 - Organizational Behavior

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  3 credit(s)
  This course is divided into two major components: organization theory and organizational behavior. The first component is macro in nature and focuses on organizational-level problems, such as how an organization should be designed (centralized or decentralized), what strategy it should follow (integrated or diversified), and how conflict and politics endemic to organizational life can be managed. The second component is primarily micro in nature and focuses on individual and group problems, such as how to evaluate and reward employees. The course will help students develop practical skills such as organizational diagnosis, intervention techniques for both small and large groups, dealing with resistance to change and designing communication programs for organizational transitions.
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  MGT 515 - Financial Management Within the Aviation Industry

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  3 credit(s)
  Topics covered include financial statements, the environment and institutions. Students learn about the time value of money, interest rates, discounting and compounding. Other issues addressed are aircraft leasing, municipal bonds, government sources, financial assets and their valuation, financial decision making over the long and short terms and international financial markets.
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  MGT 520 - Statistics

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  3 credit(s)
  This course will familiarize the student with statistical concepts, applications and tools for use in a business enterprise or public sector organization.
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  MGT 525 - Managerial Economics

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  3 credit(s)
  Economic analysis is applied to all decisions made in every area of management. Principles of cost, present values and interdependent systems are studied, with extensive use of cases from industry. This course stresses decision making, resource allocation and profit analysis. It introduces quantitative techniques that managers need to utilize in order to facilitate decision making and problem solving. It presents a practical introduction to the important economic principles behind the operation of modern business. Topics covered include demand and supply analysis, production functions, market structures, production and cost theory, estimation of production and cost functions and the impact of monetary and fiscal policies on aggregate output and inflation, and the Federal Reserve Bank’s conduct of monetary policy. These principles are applied to both domestic and multinational organizations. Students learn how to work with exponents and logarithms, graph linear equations and solve a system of simultaneous linear equations. The course develops skills in graphing functions and ability to understand graphical arguments and solving word problems with an emphasis on applications to management, decision making and economics.
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  MGT 530 - Managerial Accounting

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  3 credit(s)
  This course introduces the accounting procedures and concepts used to meet the informational needs of management. Stress is placed on the identification, accumulation, reporting and interpretation of cost information for decision making and control in the general context of a manufacturing operation. In addition, this course enables the student to evaluate and utilize the information supplied to management by the accounting department of a business concern. The purpose of this course is to ensure that the non-accounting major is able to understand and use the accountant’s tools. It covers the fundamental theories, principles and practices in managerial accounting that provide a foundation for further study in finance and other business courses. The course also introduces the analysis of financial results and emphasizes the vocabulary, methods and processes by which for-profit business transactions are communicated.
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  MGT 535 - Safety and Security for the Aviation Industry

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  3 credit(s)
  The course examines how and why health, safety and security of the workforce is important to creating and maintaining a good work environment, mitigating the risk of liability and improving overall efficiency. Perspectives and standards of international and national government agencies and regulations related to safety and security including, ICAO, NTSB, OSHA, EPA, FAA, and TSA will be addressed. Accidents, incidents, hazards and other acute and chronic threats to health and safety will be examined in terms of prevention and mitigation at the individual, organizational and environmental levels. National and international security topics will also be discussed, including risk assessment and mitigation, counter- terrorism, biometrics, cybersecurity, artificial intelligence, and aviation rescue and fire-fighting. The course also examines concepts of human factors and ergonomics. The importance of Safety Management Systems (SMS) will be discussed.
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  MGT 545 - Airport Planning and Operations

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  3 credit(s)
  This course covers issues in airport planning and its importance to smooth aviation operations. Duties and responsibilities of airport managers in the context of government regulations, safety and security issues and environmental constraints are examined. It introduces practical ideas on major aspects of airport design and construction and helps planners to develop the needed infrastructure for moving people efficiently and cost-effectively. It addresses such issues as noise abatement and air pollution, the politics of airport development and the integration of connecting transportation modes. The airport’s master plan is discussed.
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  MGT 550 - Introduction to Aviation Security

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  3 credit(s)
  This course instructs students in the steps necessary for airport managers to maximize safety and security at their facilities. It provides an understanding of airport security requirements, rules and regulations; forming an airport security planning team; developing an airport master plan security annex; and coordinating the airport security plan with a crisis and contingency plan. The course provides information on identifying assets, assessing threats, risks and security risk management options, and preparing security risk management plans. Airport characteristics and vulnerabilities are identified, as are the impacts of passengers and visitors on security. The relationship of hangars, locks, perimeter controls, lighting, signage and other identification systems to airport security is also discussed.
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  MGT 555 - Aviation Economics and Finance

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  3 credit(s)
  This course provides a comprehensive analysis of airport economics and financial management. Principles of macro- and micro-economics will be addressed as they pertain to course material. Market and cost structures, utilization of equipment and human resources and pricing models will be explored. Financial management will be examined from the perspective of equipment purchases versus leasing and investment options. The course takes an overall look at the structure of air transportation, including airlines, general aviation and airports; entry and exit factors for airlines and Fixed Base Operators (FBO) costs of service; costs of FBO operations; the demand for airline and general aviation services; airline and FBO rate structures and ratemaking factors; airport cost structures; capacity management; market segmentation; demand forecasting; regulatory impact on commercial and general aviation; profits, cash flow and marketing; and revenue management.
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  MGT 560 - Law: Business, Insurance and Ethics

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  3 credit(s)
  This course provides the student with an understanding of the nature of law and its role in business and regulatory bodies. Given the importance of aviation and business in the United States and international actors, the course also introduces the interrelationships between law, regulations and business practices. The course further examines what business actors can do legally to be profitable, and what they should do ethically to operate and progress within the aviation and similar industries. Insurance considerations are also discussed.
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  MGT 565 - Marketing Management Within the Aviation Industry

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  3 credit(s)
  This course provides a comprehensive study of marketing for the business and government fields with applications to the aviation industry. Prior to addressing marketing, the principles of macro- and microeconomics will be reviewed, as they are critical for developing appropriate marketing decisions. Some topics of this course will include service issues, such as fundamentals of pricing, revenue management, meeting new service challenges, distribution structures, adapting to new technology. Theories of economics and marketing will be presented to support an understanding of the dynamic business environment. The course will provide the fundamentals necessary to enhance the marketing and distribution competencies and analytical skills required to adapt to cope with global trends in business and aviation.
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  MGT 570 - Labor Relations

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  3 credit(s)
  The course covers the interaction of labor and management in the organization, emphasizing the impact of labor organizations. Coverage starts at the firm level and extends to national and international dimensions of labor management relations. It examines negotiations in labor relations in unionized and non-unionized workplaces. Issues include pre-employment discussions, collective bargaining, arbitration, mediation, renegotiating contracts and multiparty discussions. It analyzes grievance arbitration, interest arbitration, mediation and fact-finding as well as combinations of these procedures, including the role of third-party intervention. The course surveys laws governing labor relations and employee rights in the workplace, as well as the legal framework in which collective bargaining takes place, including negotiations for and enforcement of collective bargaining agreements. The course also addresses ensuring safe employment practices and developing legally sound policies and procedures.
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  MGT 575 - Aviation Environmental Issues

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  3 credit(s)
  This course is an in-depth study of the environmental concerns within the aviation industry and how policy and decision makers can implement effective strategies toward compatibility between the aviation industry and its environment. The course covers methods of managing the environmental effects of aviation. It presents various environmental issues faced by an airport, including legal and regulatory aspects, noise, pollution, weather and the ways that airport management can deal with various environmental situations ethically and profitably. Meeting the increasing demand for air travel will have a massive environmental impact both on a local and global scale. Aviation can affect air quality and, possibly, weather patterns. To address these consequences, there are several steps that aviation businesses have taken. Some of the actions taken have resulted from government regulation; others have been voluntary. The course examines the patchwork of local, federal and international rules and regulations that address the environmental effects of aviation.
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  MGT 580 - Government Impact and Current Issues in the Aviation Industry

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  3 credit(s)
  This course examines the evolution of government impact and influence with applications to the aviation industry. It provides a comprehensive analysis of the interaction between government and business, both domestic and international. Current issues impacting the international air transport industry are examined relevant to the environment of conflicting goals and policies within which they exist.
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  MGT 585 - Aviation Insurance

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  3 credit(s)
  This course covers the history, market structure and legal issues related to aviation insurance in the US. Specifically, it looks at topics in contracts and aircraft and airport liability insurance.
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  MGT 590 - Information Technology for Managers

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  3 credit(s)
  This course will familiarize the student with issues encountered by operations and staff managers of a business enterprise with respect to information systems support that they need to help them do their jobs. The knowledge acquired in this course will impart a greater appreciation for how Information Technology (IT) affects business activities and how IT can be applied to improve business results. The course will also discuss how operations managers and staff managers should engage with IT Managers to effect business improvements.
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  MGT 595 - Operations Management

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  3 credit(s)
  This course will familiarize the student with problems encountered by the operating management of a business enterprise and the methods used to analyze and solve these problems. Throughout the course, there will be introductions to basic problem solving and project management tools.
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  MGT 600 - Thesis

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  4 credit(s)
  The student who wishes to conduct advanced scientific research in an area of interest can elect to write a thesis under faculty supervision. This enhances the student’s powers of quantitative and qualitative analysis as well as formal exposition. The topic for research must ordinarily be a current problem in the aviation management and must lend itself to empirical analysis. The finished thesis will be evaluated by a faculty committee and be kept on permanent file in the College library. A Master’s thesis or industry analysis fee is required.
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  MGT 610 - Industry Analysis

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  3 credit(s)
  In this applied course, the student will conduct an industry analysis. They will select an industry and within it, a business to assess its ability to make a profit. A strategic plan, including analyses such as those based on Porter’s Five Forces, a SWOT analysis and a sustainability analysis will be created. The analysis will show how the business is likely to perform in a variety of economic conditions. The industry analysis will examine factors related to the functioning of the industry, such as its history and life cycle, financial efficiency and trends affecting and likely to affect the industry’s performance. Factors impacting the business analyzed will include economics, marketing, finance, government regulations, and other relevant factors will be considered. Applications of qualitative and quantitative analyses will be included. The industry analysis will be presented in both written and oral form at the end of the course. This capstone-type course should be taken at or near the end of the program. A Master’s thesis or industry analysis fee is required.