Prerequisites: To have passed the exam of Principles of Economics. Mathematics is also strongly recommended.
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final written exam
Learning outcomes of the course unit:In the first part of the course, we look at the analysis of the economic principles underlying the behavior of individual consumers and business firms. The goal is to apply select microeconomic theories to tourism industry. In the second part, the course takes a macroeconomic perspective discussing issues like tourism and regional development, trade and globalization and tourism impacts.
Course contents:We mainly examine the ways in which: - A tourist allocates its income across the goods and services in its consumption basket; - A firm decides how much of a particular good to produce; - Different industry structures (e.g., perfect competition, oligopoly, monopoly) influence firms' inputs, output and pricing; - Keynesian multiplier of tourism expenditure.
Recommended or required reading and course materials:Candela G. e Figini P, Economia del turismo e delle destinazioni, McGraw-Hill, ultima ediz. [Except for: (5) Alcuni approfondimenti della teoria del turista consumatore; (11) information and communication technology e il turismo; (14) L'intervento dello Stato e l'organizzazione pubblica del turismo; (15) Il turismo sostenibile]. The slides and other materials are available on the Department website.
Readiness to offer individual assistance also in a foreign language (please specify) to incoming students: Inglese/Spagnolo/Francese
Availability of supporting material and bibliographic references also in a foreign language (please specify): SI X List: Candela G. e Figini P, The Economics of Tourism Destinations, Springer, 2012 [Except for: (6) A Close Examination of the Consumer Theory Applied
to the Tourist; (12) The Information and Communication Technology and
the Tourism Sector; (15) The State Intervention and the Public Organization of Tourism; (16) Sustainable Tourism]
Readiness to accept examination of incoming students also in a foreign language (please specify): Inglese/Spagnolo/Francese