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Economics in Tourism
OVERVIEW
CEA CAPA Partner Institution: CETT - University of Barcelona
Location: , Spain
Primary Subject Area: Tourism & Hospitality Management
Other Subject Area: Economics
Instruction in: English
Transcript Source: Partner Institution
Course Details: Level 200
Recommended Semester Credits: 3
Contact Hours: 48
DESCRIPTION
This course has the main objective to provide an introduction to both microeconomics and macroeconomics and their relation with tourism. Regarding microeconomics, it presents concepts such as the fundamentals of economics, tourism demand and supply, tourism market balance, tourism business and consumers' behaviors and the different structures of the tourism markets (perfect competition, monopoly, oligopoly and monopolistic competition).
Regarding macroeconomics, it presents an overall insight of macroeconomics and its relation with tourism. It explores concepts like Gross National Product or GNP, the main indicators of the tourism activity, financial and monetary systems, tourism business funding, inflation, tourism and unemployment in a globalized economy, among other issues.
Regarding macroeconomics, it presents an overall insight of macroeconomics and its relation with tourism. It explores concepts like Gross National Product or GNP, the main indicators of the tourism activity, financial and monetary systems, tourism business funding, inflation, tourism and unemployment in a globalized economy, among other issues.
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