Economics of Tourism
University of the South Pacific
Area of Study
Economics, Hospitality and Tourism Management
Taught In English
EC100: Introduction to Economics or EC102: Principles of Microeconomics
Course Level Recommendations
ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.
Credits3 - 4
Recommended U.S. Semester Credits3 - 4
Recommended U.S. Quarter Units4 - 6
Hours & Credits
OverviewThe course will enable students to understand the economic logic underlying the structure and development of the tourism industry and the impacts of the continued expansion of tourism on a wide range of economic and other variables , particularly in the South Pacific Island context. It is also expected that the course should enable students to analyze such tourism impacts.The course is divided into six sections. The Introductory section has three parts. The first examines the nature and content of Tourism Economics. The second reviews the microeconomic theory of consumer choice and the behaviour of the firm. The emphasis is on efficient resource allocation by both the consumer and producers and the impact of different forms of market structure on such allocation. The third part comprises a brief descriptive survey of the main characteristics of tourism - a refresher for established Tourism Studies students and a quick briefing for those new to the field.Section II section comprises of a detailed examination of the impacts of tourism on host economies, with special reference to less developed economies. The analysis is broadly based, covering a wide range of effects - from those impinging on individual groups, locations and sectors up to key macroeconomic parameters. The impact analysis is extended in Section III, to provide in-depth assessment of issues identified as being of particular significance in the context of long-run economic growth and development. Section IV is concerned with quantitative analysis of "demand for tourism" and tourists ' expenditure patterns, and to measuring the "impacts" covered in sections II and III above. Section V is devoted to an assessment of the implications of the expansion of inward tourism for public policy. The course concludes (Section VI) by drawing together earlier findings and relating them to the current and future tourism development in the Pacific Islands.Learning OutcomesDiscuss the tools of economic analysis that can be applied to the study of tourism issues. Explain the economic logic underlying the structure and development of the tourism industry Evaluate the impact of the continued expansion of tourism on a wide range of economic and other variables, particularly in the South Pacific Island context.Course Content- The Economics of Tourism- The Economic Theory of Tourism- The World's Tourism Industry- Impact of Tourism on the Host Economics- Impact of Sectors and Macro Variables- Tourism Development- Empirical Analysis Techniques- Public Policy on Tourism- Tourism and Development in the Pacific IslandsTextbookThe Economics of Tourism (second edition) by Mike J. Stabler, Andreas Papatheodorou and M. Sinclair, (2009), Routledge, New YorkAssessmentMid Semester Exam: 20%Research Project Seminar Presentation: 10%Research Project Written Paper: 10%Final Exam: 60%
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Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.
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