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Tourism Economics

Tourism Economics

Code	12425
Year	1
Semester	S2
ECTS Credits	6
Workload	OT(15H)/TP(30H)
Scientific area	Economics
Entry requirements	n.a.
Mode of delivery	Daytime and Presential
Work placements	does not apply
Learning outcomes	The purpose of this course is to introduce the students to the basic concepts of the economics of tourism. As a result, the students must attain the following objectives: - An understanding of the fundamental aspects of macroeconomic theory. - An understanding of the basic tools used in the analysis of macroeconomic theory. - The capability of solving current problems in tourism economics using the analytical tools presented in the classroom. At the end of the semester, the student must show competence and understanding of basic theories that relate to this economic activity, including the capacity to solve and explain current policy issues that relate to this subject area.
Syllabus	1. Introduction 1.1 Fundamental concepts 1.2 The economic characteristics of tourism 1.3 Pertaining questions to the economics of tourism 1.4 Measures of tourist activity 2. The market 2.1 The market demand for tourism 2.2 The market supply for tourism 2.3 Market equilibrium and state intervention 3. Strategy and competitiveness in the tourist market 3.1 The competitive environment 3.2 The technological environment 3.3 The political and sociocultural environment 3.4 The macroeconomic environment 4. Tourism and its economic impact 4.1 The impact factor in the macroeconomic environment 4.2 The multiplier effect of tourism 4.3 The macroeconomics of special events 5. Additional topics in the economics of tourism 5.1 Investment project evaluation at the micro and macro levels 5.2 Tourism and economic development 5.3 Tourism and economic sustainability
Main Bibliography	Bermudez, Isabel Vazquez; Limón, Miryam González, 2014, Introducción a la Economia en el Sector Turístico, Editorial Síntesis, Madrid Cunha, Licínio, 2013, Economia e Política do Turismo, Lidel, Lisboa Cunha, Licínio, 2012, O Turismo em Portugal: Sucessos e Insucessos. Edições Universitárias Lusófonas, Lisboa Matias, Alvaro, 2018, Economia do Turismo - Teoria e Pratica (2ª Edição). Edições Instituto Piaget, Lisboa. Montijano, R. C.; Pérez, E. M.; Merino, J. L. M.; Zabaleta, A. P., 2014, Economía y Turismo, 3.ª edc., Pearson, Madrid Stabler J. Mike, Papatheodorou and Sinclair M Thea, 2010, The Economics of Tourism, 2 nd edition, Routledge, New York
Teaching Methodologies and Assessment Criteria	The following methods and forms of study are used in this course: lectures, classes, and self-study. Lectures are designed to help students to understand the main concepts of the course. To complement and reinforce concepts, lectures will be given primarily through slides, with discussions and classroom presentations. All content in lectures are assessable through UBI-Moodle.
Language	Portuguese. Tutorial support is available in English.