TOURISM ECONOMICS (4 Credits)

Learning Outcomes:

On successful completion of this Course, students will be able to: define The market for recreation, issues of demand and supply; describe Market in practice and the external operating environment; discover Policy implications of the economics of leisure and tourism; analyze the global economy and environmental impacts.

Topics:

1. Introduction;
2. Recreation, Leisure and Tourism Organizations;
3. The Market for recreation, leisure and tourism products;
4. Demand : Time preference, elasticity and forecasting;
5. Supply and costs;
6. Market structure and pricing;
7. Market intervention;
8. The Competitive, technological, political and socio cultural environment;
9. The Economic Environment;
10. Income, employment and prices;
11. Economic development and regeneration;
12. The balance of payment and exchange rates;
13. Globalization / field trip;
14. Environmental impacts;
15. Action for sustainability;
16. Critique, alternative perspective and change;
17. Presentation;
18. Investment in the private sector;
19. Investment in the public sector.