Degree | Type | Year | Semester |
---|---|---|---|
2500894 Tourism | OB | 2 | 1 |
Do not exist, but some knowledge of Economic Theory is required
The course of Tourism Economics provides an essential approach to the tourism sector from a macroeconomic point of view. The objective of the course is twofold: first, to study the economic impact and contribution of tourism at local, national and international level; and second, to understand the functioning of aggregate markets and how different economic circumstances affect the tourism sector to enhance students' skills to analyse and take decisions in the tourism business environment.
The course is organized in lectures, and guided and self-study activities, with a balance between theory and practice. In the theory sessions, different static models will be used to study, in a simplified manner the following questions:
After completing this course, students should be able to understand the functioning of current mixed economies, to be familiar with the most relevant statistics, to compare theoretical results with empirical evidence, to evaluate critically the relationship between tourism specialisation and economic growth, and to undertake empirical research in tourism economics.
These objectives involve developing two types of skills: specific skills, related to concepts, methods, tools and indicators used in macroeconomics, and transversal skills, such as ability to deductive analysis, graphical analysis and critical thinking, among others.
Gender perspective will also be introduced in the different activities developed throughout the course.
Introduction: Tourism and Macroeconomics
Topic 1. Main variables and macroeconomic issues
1.Introduction and objectives of macroeconomics and the international context
2.Basic concepts: nominal and real values; aggregate production, labor market, employment and unemployment, public budget, balance of payments
Topic 2. Real Economy: Aggregate Production, National Accounts and Economic Growth
1.Economic aggregates: production and income, the circular flow of income and expenditure.
2.Components and methods for calculating GDP and national income
Topic 3. Prices and inflation
1.The general level of prices: concepts and measurement
2.Types and effects of inflation
3.Competitiveness and prices in the tourism sector
4.Effects of tourism on the price level of destinations
Topic 4. Labor market and unemployment
1.The labor market: labor supply and demand
2.Unemployment: theories and policies
3.Labor market in the tourism sector: characteristics of employment (temporary, seasonality, wage differences) and unemployment
Topic 5. The Public Sector
1.The economic role of the state.
2.Public revenue and expenditure: public deficit and the fiscal multiplier
3.Macroeconomic policy: effects and doubts
4.Government intervention in the tourism sector
Topic 6. Other topics of the tourism economy
1.Economic impacts. The economic growth of tourism
2.Tourist multiplier
3.Seasonality
4.Others
The master classes of the theory will be combined, with classes of directed activities and practices based on the theory. There will also be a part of self-learning, especially in the part of the syllabus that can be studied through the documentation and bibliography provided
Annotation: Within the schedule set by the centre or degree programme, 15 minutes of one class will be reserved for students to evaluate their lecturers and their courses or modules through questionnaires.
Title | Hours | ECTS | Learning Outcomes |
---|---|---|---|
Type: Directed | |||
Theory | 35 | 1.4 | 1, 2, 5, 6, 3, 11, 7, 8, 12, 9 |
Type: Supervised | |||
Tasks | 20 | 0.8 | 4, 12, 9, 10, 13 |
Tutorship | 25 | 1 | 4, 12, 9, 10, 13 |
Type: Autonomous | |||
Study | 40 | 1.6 | 4, 9 |
Continuous assessment consists of:
To get the final mark, an average of at least 4 out of 10 must be reached in each part being evaluated.
Those students who fail at the continuous assessment, will be evaluated by the second option (unique evaluation) and none of the grades obtained during the semester will be taken into account.
Unique final evaluation
Students will be examined on all the topics taught in class and the result of this exam will count for a 100% of the final mark.
Re-evaluation: Only those students who present the final evaluation and fail are allowed to present the re-evaluation.
Title | Weighting | Hours | ECTS | Learning Outcomes |
---|---|---|---|---|
Exam I | 25 | 2 | 0.08 | 1, 2, 5, 6, 3, 11, 7, 8, 9 |
Exam II | 30 | 2 | 0.08 | 1, 2, 5, 6, 3, 11, 7, 8, 9 |
Individual and group exercises | 20 | 5 | 0.2 | 1, 2, 5, 6, 3, 4, 11, 7, 8, 12, 9, 10, 13 |
Research essay | 25 | 21 | 0.84 | 1, 2, 5, 6, 3, 4, 11, 7, 8, 12, 9, 10, 13 |
- Blanchard, O. (2020). MAcroeconomics. 8th Edition. Pearson
- Mankiw, N. G., & Taylor, M. P. (2014). Macroeconomics. London: Cengage Learning. Available online at the UAB library.
- Turner, R. (2016) Travel & Tourism Economic Impact 2015 WORLD. World Travel & Tourism Council (WTTC). Available online at WTTC webpage.
- Tribe, J. (2016). The Economics of recreation, leisure and tourism. London; New York: Routledge. Available at the UAB library.
- UNWTO (2013). Economic Crisis, International Tourism Decline and its Impact on the Poor, World Tourism Organization (UNWTO) and International Labour Organization (ILO), Madrid, Spain. Available online at ILO website.
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