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Economy and Tourism Policy 2017/2018

  • 5 ECTS
  • Taught in Portuguese
  • Final Assessment

Objectives

1. Understand the problem of economic analysis of tourism.

2. To acquire knowledge in the sense of applying concepts of microeconomics and macroeconomics to tourism.

3. Develop skills to identify and evaluate in economic terms the components of tourism (demand and supply).

4. Understand the potential economic impacts of tourism and potential assessment methods.

Recommended Prerequisites

Non aplicable.

Teaching Metodology

The teaching methods recommended in the follow-up study of the UC, is based on theoretical-practical sessions, where the interactive-expository method (method 1) will be the main driver of learning in explaining the multiple theoretical concepts inherent in Tourism Economics and Policy, with the the presentation and analysis of case studies (method 2), as well as the reading and interpretation of various technical and scientific documents (reports, articles, statistical data) (method 3).

Body of Work

Topic 1 | Economic concepts applied to tourism
Theme 2 | Relevant concepts to the economic analysis of tourism
Topic 3 | Tourism Policy
Topic 4 | Economic analysis of tourist demand
4.1 Indicators of demand quantification
4.2 Economic determinants and demand elasticity
Topic 5 | Economic analysis of tourist supply
Topic 6 | Tourism Satellite Account
Topic 7 | Economic impacts of tourism
Topic 8 | Economic importance of tourism

Recommended Bibliography

Ardahaey, F. T. (2011). Economic Impacts of Tourism Industry. International Journal of Business and Management Vol. 6, No. 8, 206-215.

Blank, J. and Chiesa, T. (2013). The Travel & Tourism Competitiveness Report 2013. Geneva: Wrold Economic Forum.

Drisakis, N. (2012). Tourism Development and Economic Growth in Seven Mediterranean Countries: A Panel Data Approach. Tourism Economics, 18 (4), 801–816. DOI: 10.5367/te.2012.0140

Eeckels, B., Filis, G. and Leon, C. (2012). Tourism Income and Economic Growth in Greece: Empirical Evidence from Their Cyclical Components. Tourism Economics, 2012, 18 (4), 817–834. DOI: 10.5367/te.2012.0148

Tribe, J. (2011). The economics of recreation, leisure and tourism. Amsterdam : Elsevier.

Complementary Bibliography

Bull, A. (1996). The economics of travel and tourism. Sydney: Longman.

Cunha, L. (1997). Economia e política do turismo. Lisboa: McGraw-Hill.

Eusébio, M. C. A. (2006). Avaliação dos impactos económicos do turismo a nível regional: o caso da Região Centro de Portugal. Dissertação de Doutoramento apresentada à Universidade de Aveiro.

Mathieson, Alister and Wall, Geoffrey (2002) Tourism: economic, Physical and social impacts, Logman Scientific & Technical. Harlow: Longman.

OMT (1999). Conta Satélite do turismo: quadro conceptual. OMT.

Sinclair, M. T. and Stabler, M. (1997). The Economics of Tourism, London: Routledge.

World Tourism Organization (1995). Concepts, definitions and classifications for tourism statistics. WTO.

Weekly Planning

WEEK 1 | Presentation.
WEEK 2 | Theme 1 - Presentation, Development and conclusion.
WEEK 3 | Theme 2 - Introduction, development and conclusion.
WEEK 4 | Theme 3 - Introduction, development and conclusion.
WEEK 5 | Theme 4 - Introduction.
WEEK 6 | Theme 4 - Development and conclusion.
WEEK 7 | Theme 5 - Introduction and Development and Conclusion.
WEEK 8 | Theme 6 - Introduction and Development.
WEEK 9 | Topic 6 - Conclusion.
WEEK 10 | Theme 7 - Introduction and Development.
WEEK 11 | Topic 7 - Conclusion.
WEEK 12 | Theme 8 - Introduction and Development.
WEEK 13 | Item 8 - Conclusion.
WEEK 14 | Revisions of the contents taught.
WEEK 15 | Written exam (final evaluation).

Demonstration of the syllabus coherence with the curricular unit's objectives

In order for students to understand and describe the problem of economic analysis of tourism and acquire knowledge in order to apply knowledge of microeconomics to tourism (objectives 1 and 2), Topics 1 and 2 will be taught. Achievement of objectives 3 and 4 will be achieved through the teaching and detailed and in-depth approach to the remaining contents of the UC (Topics 3 to 9).

Demonstration of the teaching methodologies coherence with the curricular unit's objectives

The interactive expository methodology (method 1) will be used at the level of all the learning objectives allowing the student to seize and analyze critically the theoretical and conceptual dimensions related to Tourism Economics and Politics. This methodology will be complemented with other methods, specific to each objective, namely the research, consultation and interpretation of diverse documentation (methods 2 and 3), according to each of the themes of the CU.

relevant generic skillimproved?assessed?
Achieving practical application of theoretical knowledgeYesYes
Adapting to new situationsYes 
Analytical and synthetic skillsYesYes
Balanced decision makingYes 
Commitment to qualityYes 
Ethical and responsible behaviourYes 
Event organization, planning and managementYesYes
Information and learning managementYesYes
IT and technology proficiencyYesYes
Problem Analysis and AssessmentYes 
Problem-solvingYesYes
Relating to othersYes 
Research skillsYesYes
Self-assessmentYes 
Understanding multiculturalism and valuing diversityYesYes
Written and verbal communications skillsYesYes
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