Tourism Economics

Description

This course introduces students to recreation, leisure and tourism organizations and the market for recreation, leisure and tourism products. Then, it explores the External Environment, stating the competitive, technological, political, socio-cultural environments and the economic environment. It presents investment in the private sector and investment in the public sector. This course aims to address the economic impacts including tourism income, tourism employment and prices of the tourism products. Then, it tackles the economic development and regeneration. It also explores the global economy considering the balance of payments and exchange rates and the globalization from the economic perspective. Finally, the course presents environmental economics especially environmental impacts and action for sustainability.

Program

B.Sc. Tourism Management

Objectives

• Use a theory base of economics to study travel and tourism. Understand some of the central issues in tourism to which economic analysis can contribute. Apply Microeconomics and Macroeconomics within the travel and tourism context.