Applied Economics for Tourism
University of Queensland
Area of Study
Economics, Hospitality and Tourism Management
Taught In English
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.
Host University Units2
Recommended U.S. Semester Credits4
Recommended U.S. Quarter Units6
Hours & Credits
OverviewCourse DescriptionThis course examines key economic concepts of relevance to future business managers in both the public and private sectors. It emphasises hands on experience to familiarise students with real world issues and contemporary economic approaches to solutions.Course IntroductionThis course is a foundation for your future career in the private or public sector, where an understanding of economics is essential for effective tourism business or policy management. The course will develop your capability in using selected economic concepts and analysis approaches, applied to tourism. The first part of the course delivers fundamental principles and concepts, such as tourism stakeholders, tourism markets, the forces of demand and supply, and the issues of externalities and public goods. The second part of the course deals with the influence of economic change on tourism and the role of tourism in the economy. This section covers other useful concepts and tools, including economic contributions of tourism, economic impact assessment, cost benefit analysis and environmental economics. Various examples will be used to demonstrate how economic concepts and principles are applied to tourism.Learning ObjectivesAfter successfully completing this course you should be able to:
Class Contact2 Lecture hours, 1 Tutorial hourAssessment SummaryIn Class Quiz: 20%Report: 40% (30% individual, 10% group summary)Final Exam: 40%
- analyse the operation of tourism firms using the key concepts of demand and supply
- analyse the options available to tourism firms under different market structures
- understand the role of stakeholders from the private and public sectors in tourism economics
- understand the effects of economic conditions and change on tourism
- research and interpret the economic contribution and impact of tourism activities
- interpret economic analysis applied to various tourism issues.
Courses and course hours of instruction are subject to change.
Eligibility for courses may be subject to a placement exam and/or pre-requisites.
Some courses may require additional fees.
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.