Economics of Leisure and Tourism

Learning Outcomes

Upon successful completion of this course, students are expected to be able to explains basic economic principles and concepts in tourism industry, analyze principles of supply, demand and forecasting in economics with the growth of tourism, explain current tourism issues from economic perspectives

Topics

This course provides an understanding of how economics impacts the work business and the foundation for intepreting, analyzing and evaluating economic concepts within the applied framework of the hospitality and tourism sector. By using the basic economic principles, students will learn how to use elementary supply and demand analysis to understand the broad changes in tourism over many centuries and today.

Prerequisite: None