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Introduction to Economics
OVERVIEW
CEA CAPA Partner Institution: University of Alicante
Location: Alicante, Spain
Primary Subject Area: Economics
Other Subject Area: Tourism & Hospitality Management
Instruction in: English
Transcript Source: Partner Institution
Course Details: Level 100
Recommended Semester Credits: 3
Contact Hours: 60
DESCRIPTION
The main aim of this subject is to introduce the student to the basic notions on Economics and provide it with primary instruments of analysis that can let him/her analyse firms? economic context and the economic activity of the tourism sector in order to forecast future trends and be able to take the best decisions from the economic information provided by data bases and using the appropriate software.
At the same time, the students obtain the necessary notions to start to carry out assessments of potential destinations and/or tourist resources, prospective analysis to get profits from specific areas and analysis of economic impacts that are generated by tourist activities. In addition, this course explains the basic notions that will be used by the subject ?Market Structure? in the second year. In fact, this syllabus and the syllabus of that subject are completely coordinated.
Firstly, the subject begins with an introduction in which the main economic objectives and trends of economic thought are commented in order to show the layout of the current economic situation and the relationship among the different economic agents.
The second part is dedicated to microeconomics. In this parte, the characteristics of the different market structures are analysed as well as the behaviour of firms and consumers.
Finally, the third part of the syllabus is dedicated to macroeconomics. In this part students can study national accounting, the relationship among the different economic variables as well as the types of economic policies that can be implemented to attenuate undesired economic trends and their effect on the international and national tourism sector.
Course will consist of 60hrs of in class work and 90 hrs of independent work outside the classroom.
At the same time, the students obtain the necessary notions to start to carry out assessments of potential destinations and/or tourist resources, prospective analysis to get profits from specific areas and analysis of economic impacts that are generated by tourist activities. In addition, this course explains the basic notions that will be used by the subject ?Market Structure? in the second year. In fact, this syllabus and the syllabus of that subject are completely coordinated.
Firstly, the subject begins with an introduction in which the main economic objectives and trends of economic thought are commented in order to show the layout of the current economic situation and the relationship among the different economic agents.
The second part is dedicated to microeconomics. In this parte, the characteristics of the different market structures are analysed as well as the behaviour of firms and consumers.
Finally, the third part of the syllabus is dedicated to macroeconomics. In this part students can study national accounting, the relationship among the different economic variables as well as the types of economic policies that can be implemented to attenuate undesired economic trends and their effect on the international and national tourism sector.
Course will consist of 60hrs of in class work and 90 hrs of independent work outside the classroom.
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