Tourism Growth and Economic Development
The course represents a natural extension of the course Tourism Economics. It provides the fundamental theoretical aspects necessary to understand the relationship between tourism and the evolution of the destination’s economy.
In particular, the first part of the course will analyze the impact that tourism has on the economy, highlighting the relevant economic facts linked to international tourism and studying how they affect income and employment levels in the local economy. The central part of this course will be dedicated to State intervention and the public organization of tourism with particular reference to the concepts of market failures, externalities, and public goods. In the last part, the focus will be on the detailed analysis and the key issues of the complex relationship between tourism and sustainability dimensions.
On the completion of this course, students will understand:
• The key role of tourism as an engine of local development.
• The key concepts of international tourism, such as the exchange rate, the multinational company, and the balance of payments.
• The reasons behind the intervention of the State in the economy, its available instruments, and financing possibilities.
• The concept of sustainability, with its economic, environmental, and social dimensions, and its application to tourism.
All these arguments will be formally treated, by using the proper economic toolbox and modeling to approach the problems and intuitively presented, by using examples.
This course represents a natural extension of the course Tourism Economics. It provides the fundamental theoretical aspects necessary to understand the relationship between tourism and the evolution of the destination’s economy.
Sustainable development goals
- Quality education
- Affordable and clean energy
- Indusrty, innovation and infrastracture
- Sustainable cities and communities
Lectures, exercises and group work
70% written test/exam
30% exercises/group work