TOURISM ECONOMICS

Course Description

Tourism is one of the fastest-growing sectors and is mostly recognized for its economic side. For some countries, tourism is the main source of the economy. Tourism economy emerged as an independent discipline that possesses its own distinctive principles. This course aims to explain economic concepts and applications within the scope of the tourism and hospitality industry. The course will provide students with essential knowledge about tourism demand, supply, the influencing factors, pricing mechanisms, tourism, and market structure, etc. The module aims to develop an understanding of tourism economics from both macro and microeconomic perspectives. This course gives the basic elements and principles of tourism economics and some future directions on tourism economics. It focuses on learning about the impacts of tourism on the global, national, regional, and local economies and social superstructure.

TOURISM ECONOMICS

Evaluation Tools (Active Term)

Course outcomes

1. 01 To be able to understand, apply, analyse, synthesize and evaluate variety of topics in tourism economics.
2. 02 To identify the economic characteristics of the tourism product.
3. 03 To be able to interpret tourism demand, supply, and market equilibrium in tourism system.
4. 04 To explain the economic effects of tourism and hospitality industry on economic growth of a destination.
5. 05 To be able to interpret and explain the economic events and relate them to the tourism and hospitality industry.

Course Syllabus

Reference Books & Course Materials

1. 01 The Economic of Recreation, Leisure and Tourism .John Tribe.4th Edition.Elsevier

Learning Outcomes

1. L01 The students will be able to discuss tourism as an economic activity. SOLO 5
2. L02 The students will be able to analyze the effects of tourism on general economy SOLO 4
3. L03 The students will be able to evaluate tourism supply and its qualifications, the volume and value of tourism supply SOLO 5
4. L04 The students will be able to review tourism demand and qualifications of tourism demand. SOLO 4
5. L05 The students will be able to consciously analyze and evaluate current economic issues related to tourism. SOLO 5
6. L06 The students will be able to evaluate tourism operations within market structure. SOLO 5

Program Outcomes

1. P01 1. Students will be able to adopt theoretical and practical knowledge in a challenging work environment.
2. P02 2. Students will be able to guide teamwork in intercultural and various international working environments.
3. P03 3. Students will be able to obtain the communicative, conceptual and analytical skills necessary for conflict environments.
4. P04 4. Students will be able to recognize the importance of basic competence to create a competitive advantage and achieve a success on a global scale.
5. P05 5. Students will be able to integrate ethical and social responsible practices that are environmentally friendly and applicable both in business and personal life.
6. P06 6. Students will be able to raise awareness about continuous improvement to increase business performance in professional life.
7. P07 7. Students will be able to adopt and apply critical and strategic thinking together with research capabilities for organizational decisions.
8. P08 8. Students will be able to use and manage the information technologies required for the contemporary business world.
9. P09 9. Students will be able to have a knowledge of, at least, one foreign language at basic level in addition to English.
10. P10 10. Students will be able to acquire effective teamwork skills.

Po-Lo Matrix