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Tourism Economics syllabus

TTM 3025 units · 20 topicsAcademic year 2083/84
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Tourism Economics

5 units

1. Fundamentals of Tourism Economics (10 LHs)

  1. Economic principles in tourism business
  2. Tourism economics and related sectors
  3. Leisure and tourism growth
  4. Rural tourism, ICT and impacts

2. Tourism Demand, Supply and Market Equilibrium (16 LHs)

  1. Tourism demand function and determinants
  2. Demand elasticities and revenue
  3. Tourism supply and price elasticity
  4. Market equilibrium
  5. Taxes, subsidies and price controls

3. Production, Cost and Pricing for Travel and Tourism (8 LHs)

  1. Tourism production function
  2. Accounting and economic costs and profits
  3. Market structure and profit maximization
  4. Tourism pricing practices

4. Macroeconomic Issues and Travel and Tourism (8 LHs)

  1. GDP, growth, inflation and business cycle
  2. Balance of payments, exchange rates and unemployment
  3. Tourism's macroeconomic effects
  4. Monetary and fiscal policy

5. Analysis of Markets for Travel and Tourism (6 LHs)

  1. Tourism demand estimation by regression
  2. Demand forecasting methods
  3. Travel and tourism yields