Leisure and Tourism Economics

CHARACTERISTICS

Year/semester: 1/1
ECTS: 6

TEACHING STAFF

Lecturer: Dr. Niels Vestergaard
Teaching assistants: Eva Roth, Tommy Sřndergaard & Henning P. Jřrgensen

AIMS OF THE SUBJECT

The aim of this course is to enhance students’ understanding of the leisure and tourism economy by familiarizing them with the most important concepts and theories within the micro and macro economics discipline as well as by introducing methods to evaluate tourism’s economic significance in time and space. Examples drawn from a wide variety leisure types and environments to enrich students’ competence development in the field.

COURSE SYLLABUS

1. Introduction
2. Conceptualizing the leisure and tourism economy
3. Evaluating the Leisure and Tourism economy
   • Estimating leisure and tourism demand
   • Forecasting leisure and tourism demand
   • Measuring regional economical effects of leisure and tourism
   • Assessing leisure and tourism supply and markets
4. Applying economical analyses for decision-making

BIBLIOGRAPHY

• Loomis, J.B. & Walsh, R.G. (1997). Recreation Economic Decisions, Comparing Benefits and Costs. 2 nd Edition, Venture Publishing.
• Trauer, B. (2006). Conceptualizing special interest tourism – framework for analysis. Tourism Management, 27, 183-200.
• Gratton, C. & Taylor, P. (2000). Economics of Sports and Recreation. Spon Press.
• McCann, P. (2001). Regional Specialization, Trade, and Multiplier Analysis. In: Urban and Regional Economics, Oxford University Press.
• Zhang, J. & Rassing, C.R. (2000). Tourism Impact Studies, The Case of Bornholm. Research Centre of Bornholm.
• Kim, H.J., Gursoy, D. & Lee, S.-B. (2006). The impact of the 2002 World Cup on South Korea: comparisons of pre- and post-games. Tourism Management, 27 (1), 86-96.
• Study materials available on the web page reserved for the subject.

COURSE COMPETENCES

Students will be able to analyse the leisure and tourism economy, and thus contribute to sound decision-making within leisure and tourism management.
Students will have an enhanced understanding of the micro- and macroeconomic concepts and theories related to the leisure and tourism economy.
Students will be able to estimate leisure and tourism demand and supply.
Students will be able to assess the leisure and tourism economy in time and space.
Students will be able to apply economic analyses for decision-making.