TOURISM ECONOMICS (2 Credits)

Learning Outcomes:

On successful completion of this course, student will be able to: Identify the trends in tourism demand; Describe how tourism affecting local economies and the influencing factors; Use relevant economic approach in solving recreation and tourism problems; Analyze investment and market opportunities in the tourism sector, analyze the trends in tourism demand, analyze the influencing factors of how tourism affecting local economies, analyze recreation and tourism problems by using relevant economic approach

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. Investment Appraisal in the private And the public sector;
11. Income, employment and prices;
12. Economic development and regeneration;
13. The balance of payment and exchange rates;
14. Globalization