• Tourism Demand and Forecasting
• Tourism Supply Theory and Practice
• Crisis Management and Tourism
• Hotel Performance Measurement Indicators
• Understanding and Measuring the Economic Impact of Tourism
• Opportunities and constraints arising from tourism for Local Economic Development
• The Pro-Poor Tourism Perspective
• Foreign Direct Investment, Destination Attractiveness and Tourism Benefits
• Economics, Agritourism and Heritage

The aim of this module is to familiarize students with the basic principles of Tourism Economic in a macroeconomic as well as microeconomic level. In order to achieve this aim, theories and concepts derived from economics are adopted.

Upon completion of the module, students will be able to understand:

• the economic impact of tourism;
• tourism demand and tourism supply: theory and practice;
• crisis management issues in the tourism and hospitality industry;
• the importance of performance measurement;
• the impacts, opportunities and constraints arising from tourism for local economies;
• the importance of foreign direct investment, destination attractiveness and tourism benefits;
• the nexus between economics, agritourism and heritage.

• Research, analysis and synthesis of data and information with the appropriate use of the information communication technologies
• Adaptation to new business conditions
• Respect for difference and multiculturalism
• Respect for the natural and cultural environment
• Effective decision-making
• Working independently and in teams
• Production of free, creative and inductive thinking

MODES OF DELIVERY: Face to face

USE OF INFORMATION AND COMMUNICATION TECHNOLOGY: Use of ICT in teaching, PowerPoint slides and related learning material are uploaded on the e-class learning platform to facilitate the learning process

COURSE DESIGN: Lectures

STUDENT PERFORMANCE EVALUATION/ASSESSMENT METHODS: Assignment (100%)

• Hall C. M. (2008). Tourism Planning: Policies, Processes and Relationships. 2nd Edition, Harlow: Prentice Hall.
• Edgell, D. L. Sr. and Swanson, J. R. (2013). Tourism Policy and Planning: Yesterday, Today, and Tomorrow, 2nd Edition, Abingdon: Routledge.
• Glaesser, D. (2006). Crisis Management in the Tourism Industry, London: Routledge.
• Keller, P. and Bieger, T. (eds.) (2011). Tourism Development after the Crises: Global Imbalances – Poverty Alleviation, Berlin: Erich Schmidt Verlag.
• Sloman, J., Guest, J. and Garratt, D. (2018). Economics (tenth edition), Harlow: Pearson Education.
• Stabler, M. J., Papatheodorou, A. and Sinclair, M. T. (2010). The Economics of Tourism, (second edition), London: Routledge.
• Telfer, D. J. and Sharpley, R. (2016). Tourism and Development in the Developing World, Abingdon: Routledge.
• UNCTAD (2017). Expert Group Meeting on the Contribution of Tourism to Economic Diversification and Poverty Reduction, Geneva: UNCTAD.
• World Economic Forum (2019). The Travel and Tourism Competitiveness Report 2019; Geneva: World Economic Forum.