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ISLA IPGT 524

Economics of Tourism

Tourism Management
  • ApresentaçãoPresentation
    The course unit aims to develop and apply the main concepts and tools associated with Economics in the context of tourism. It will also aim to develop knowledge about the impact of tourism on the economy of countries and destinations. It will seek to equip students with the knowledge to interpret data on the development and impact of tourism
  • ProgramaProgramme
    1. Microeconomic concepts of tourism Tourist demand and its determinants. Tourism supply and its determinants. The impact of inflation on tourism and monetary policy on tourism Seasonality in tourism demand and supply. The elasticity of demand, supply and income. Costs in tourism enterprises. The market balance and the impact of competition. Types of market and operating patterns. 2. Macroeconomic concepts of tourism. The income and the national product. Circular flow of income. Inflation and unemployment. Employment and wages The balance by the Keynesian model. Tourism and Balance of Payments. The impact of the exchange rate on international trade 3. Tourism satellite accounts and the economic impacts of tourism Concepts of expenditure, consumption and production. Economic benefits of tourism. Economic costs of tourism. Multipliers of tourism. 4. Tourism, growth and economic development
  • ObjectivosObjectives
    This course unit develops applied economic analysis skills for tourism, integrating microeconomics, macroeconomics and key tools to measure tourism’s economic contribution. By the end of the course, students should be able to: Explain and apply microeconomic concepts to tourism markets (demand, supply, elasticities, costs and market equilibrium/competition); Interpret relevant macroeconomic indicators (GDP/national income, inflation, unemployment, balance of payments and exchange rates) and discuss their implications for tourism; Use Tourism Satellite Account principles to assess tourism’s economic weight and distinguish direct and indirect effects (including multipliers); Analyse data and communicate evidence-based conclusions through written reports and oral presentations, adhering to academic integrity and ethical standards.
  • BibliografiaBibliography
    Cunha, L. (2013). Economia e Política do Turismo (3.ª Edição). Lisboa: Lidel. Dornbusch, R. et al. (2017). Macroeconomics (13.ª Edição). McGraw Hill. Fernandes, A. et. al. (2023). Introdução à Economia (4.ª Edição). Edições Sílabo. Kennell, James (2025). Tourism and Public Policy . Routledge Matias, A. (2018). Economia do Turismo. Teoria e prática (2.ª Edição). Lisboa: Instituto Piaget. Samuelson, P. e Nordhaus, W. (2012). Economia (19.ª Edição), McGraw Hill Portugal Tribe, J. (2020). The Economics of Leisure and Tourism (6.ª Edição). London: Routledge. Vanhove, N. (2017). The Economics of Tourism Destinations : Theory and practice. London: Routledge
  • MetodologiaMethodology
    Among the innovative methodologies supporting the teaching-learning process, the following will be employed: Interactive case studies, enabling students to simulate problem-solving within the scope of the contents of this course unit. Utilization of emerging technologies (e.g., AI) as aids for research and problem-solving.
  • LínguaLanguage
    Português
  • TipoType
    Semestral
  • ECTS
    5
  • NaturezaNature
    Mandatory
  • EstágioInternship
    Não
  • AvaliaçãoEvaluation

    Descrição

    Ponderação

    Teste de avaliação

    40%

    Trabalhos escritos + Apresentações

    50%

    Presenças e Participação

    10%

     

    • Nota mínima de 8 valores obrigatória em cada uma das componentes da avaliação.
    • Presença obrigatória a, pelo menos, 75% da carga horária da UC.