Tourism Economics

Tourism and Culture Management, Publication in the Diário da República - Despacho nº 14880/2013 de 15/11/2013

5 ECTS; 1º Ano, 2º Semestre, 30,0 T + 30,0 TP

Lecturer

Prerequisites
Not applicable

Objectives
1. Understanding the concepts of economic theory applied to tourism
2. Acquire capacity for analysis of tourism economy indicators and tourism issues in the national economy.
3. Develop an economic vision of tourism from the perspective of demand and supply

Program
1. Introduction
1.1. What is the economy: perspectives and object
1.2. The scarcity problem and economic goods
1.3. The interdisciplinarity of the economy
1.4. Notes on economic analysis techniques
2. Demand, supply and elasticities
2.1. Graphical analysis of demand and supply
2.2. Elementary demand theory
2.3. Elementary supply theory
2.4. Elementary price theory
2.5. Elasticity: concept, graphic representation and numerical analysis
2.6. The elasticity of demand
2.7. The elasticity of supply
2.8. Cross elasticity
2.9. Elasticity and total revenue
3. Production and costs
3.1. Factors and production function
3.2. The cost structure and function
4. Market structures
4.1. Perfect competition
4.2. Monopoly
5. Economy of Tourism: Some introductory concepts
5.1. Concepts and optics
5.2. Tourism industry, economic sector and complementary activity
5.3. Scope of the tourism economy
5.4. The territorial nature of tourism
5.5. Tourism as a territorial singularity: implications for the tourism economy
6. Tourist motivations and demand
6.1. Tourist motivations
6.2. Demand Formation
7. Tourist motivations and offer
7.1. Tourist motivations
7.2. Offer Formation
7.3. Tourist products and destinations
7.4. Role of tourism production
7.5. Tourist market
8. Impacts of tourism
8.1. Economic impacts
8.2. Social and cultural impacts
8.3. Environmental impacts

Evaluation Methodology
Assessment includes the following components:
1)Mark obtained in the test (50%-100% of the total grade);
2) Presentation and discussion of practical assignments carried out on an individual basis or as part of a group (0%-50% of total grade).

Bibliography
- Cunha, L. (2013). Economia e Política do Turismo. (Vol. --). (pp. -----). Liboa: Lidel
- Samuelson, P. e Nordhaus, W. (2005). Economia. (Vol. --). (pp. -----). Lisboa: McGraw-Hill
- Recursos Perfeitos, Turismo e Singularidades Territoriais: Contributos para o Desenvolvimento de uma Linha de Turismo Científico na Golegã.(2019, 15 de janeiro). Revista Portuguesa de Estudos Regionais, pp. 27-47.
- Recursos Perfeitos, Turismo e Singularidades Territoriais: Contributos para o Desenvolvimento de uma Linha de Turismo Científico na Golegã.(2019, 15 de janeiro). Revista Portuguesa de Estudos Regionais, pp. 27-47.

Method of interaction
Lectures;
Practical classes;
Individual and group work;
Reflection and debate on contemporary isses with interest to tourism.

Software used in class