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20250417892
THM2111
3 hours English

Tourism Economics

Tourism Economics
1 Introduction
2 How Tourists/ Guests/ Visitors Make Decisions (Principles 1, 2, 3 and 4 of Economics and their reflections on Tourism and Hospitality)
3 How Tourists/ Guests/ Visitors Interact (Principles 5, 6 and 7 of Economics and their reflections on Tourism and Hospitality)
4 How the Economy as a Whole Works (Principles 8, 9, and 10 of Economics and their reflections on Tourism and Hospitality)
5 The Economic Impacts of Tourism
6 Hospitality and Tourism Products Demand: time preference, elasticity and forecasting
7 Tourism Supply
8 Tourism Satellite Account and GDP
9 Tourism and Hospitality Market structure and tourism balance of payments
10 International Tourism and Trade: UN Tourism Statistics and Identifying New Updates, e.g. identifying new markets and trends
11 Public Policy Regulation in Tourism
12 The competitive, technological, political, and sociocultural environment in tourism economics
13 Case Studies and Final Revision
1.1 Mapped to: 1.1

Memorize key principles, theories and definitions in the field of hospitality and tourism economics

Teaching Strategy Active Learning Strategies In-Class exercises Interactive learning Teamworking Case Studies
Assessment Methods Individual research Group research Exams (Quizzes, Midterm, Pre-Final Exam, Final Exam)
1.2 Mapped to: 1.5

Develop recommendations to advance tourism and hospitality enterprises performance based on their understanding of hospitality and tourism economics

Teaching Strategy Active Learning Strategies In-Class exercises Interactive learning Teamworking Case Studies
Assessment Methods Individual research Group research Exams (Quizzes, Midterm, Pre-Final Exam, Final Exam)
1.3 Mapped to: 1.3

Define and delimit relevant problems within the field of hospitality and tourism economic

Teaching Strategy Active Learning Strategies In-Class exercises Interactive learning Teamworking Case Studies
Assessment Methods Individual research Group research In Class Activities Assessment
1.4 Mapped to: 1.2

Identify the consequences the economic issues on tourism and hospitality enterprises’’ management

Teaching Strategy Active Learning Strategies In-Class exercises Interactive learning Teamworking Case Studies
Assessment Methods Individual research Group research In Class Activities Assessment
2.1 Mapped to: 2.3

Develop presentations using precisely and consistently the tourism and hospitality economics concepts and terminology

Teaching Strategy Active Learning Strategies In-Class exercises Interactive learning Teamworking Case Studies
Assessment Methods Individual research Group research
2.2 Mapped to: 2.3 & 2.5

Discuss in their written assignments relevant scientific theories and methodologies in hospitality and tourism economics

Teaching Strategy Active Learning Strategies In-Class exercises Interactive learning Teamworking Case Studies
Assessment Methods Individual research Group research
3.1 Mapped to: 3.2 & 3.3

Demonstrate in their assignment and in-class discussion a sincere belief in the economic principles and their reflections on tourism and hospitality

Teaching Strategy Active Learning Strategies In-Class exercises Interactive learning Teamworking
Assessment Methods Group research Individual research In class activities Assessment