2023

Tourism Economics

Name: Tourism Economics
Code: ECN13847L
6 ECTS
Duration: 15 weeks/156 hours
Scientific Area: Economy

Teaching languages: Portuguese
Languages of tutoring support: Portuguese, English
Regime de Frequência: Presencial

Presentation

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Sustainable Development Goals

Learning Goals

"Tourism Economics", taught to students in the first year of the degree in Tourism, is an introductory course that aims to emphasize the principles, concepts and elementary models of economic theory, in a perspective of application to the Tourism sector. The course provides fundamental knowledge of Economics and analytical instruments that will allow students to analyse the reality, phenomena and concrete problems of daily and professional life according to the fundamental principles of Economic Theory. It also aims to encourage students to identify and present solutions to real problems, based on economic theory, particularly in the sector in which they will develop their profession.

Contents

1. ECONOMICS AND TOURISM

2. THE SERVICE PROVIDED IN THE TOURISM SECTOR
2.1. Concept of “Product”
2.2. Homogeneous and Differentiated Products
2.3. Tourism and composite goods

3. DEMAND AND CONSUMER DECISION
3.1. Basic Elements of Demand
3.2. Demand Elasticity
3.3. Consumer Decision

4. SPECIFICITIES OF TOURISM DEMAND

5. SUPPLY AND PRODUCER DECISION
5.1. Basic Elements of Supply
5.2. Supply Elasticity
5.3. Producer Decision

6. SPECIFICITIES OF TOURISM SUPPLY
6.1. Economic Activities Involved
6.2. Tourism Supply Elasticity

7. MARKETS
7.1. Market Structures
7.2. Market Failures
7.3. The Role of the Government

8. TOURISM MARKET
8.1. The Relevant Market
8.2. Market Structures
8.3. Public Goods and Tourism

9. TOURISM: ECONOMIC IMPACTS

Teaching Methods

The teaching methodologies include:
- Theoretical exposition;
- Practical exercises;
- Presentation and discussion of real examples of companies and markets;
- The use of the Internet for real-time access to relevant documents and websites.
- The empirical study of tourist products chosen by the students.

Teaching Staff

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