THE VISION AND MISSION OF THE CLARO M.

RECTO ACADEMY OF ADVANCE STUDIES

VISION

An internationally—recognized center for professional advancement and knowledge generation towards shaping
sustainable communities.

MISSION

1. Optimize human and material resources in advancing life-long learning for sustained development;

2. Promote innovation in knowledge generation, transfer and use in the 4th Industrial Revolution (4IR) era;

3. Enable communities in working out solutions to complex issues within the context of a learning environment.

SYLLABUS

Subject Title : ECONOMICS OF TOURISM

No. of Units : Three (3) units

Course Description: This course deals with the fundamentals of economic principle as they apply with the
tourism industry and explores the impacts of tourism on regional, national and
international economics. Applications of economic analysis to the segments of tourism
industry: its pricing, economic impact and sustainability but not limited to, estimation
and prediction of demand and supply, forecasting tourism demand and supply, economic
impacts of tourism resources, provision, application of conversion study techniques, and
use of economic analysis in management, marketing, and policy decisions.

LPU Core Values:

Love of God Justice

Professional Integrity Nationalism Perseverance
Unity Leadership

COURSE OUTCOME

Upon completion of the course, the student will be able to demonstrate knowledge of the following topics:
(a) Using prior knowledge in understanding and integrating various concepts/examples relating to different
facets of economics of tourism that will discuss throughout the semester.
(b) Appreciating and learning from different ways of viewing of Economic Tourism Industry.
(c) Relating text-book concepts / class discussions with real-life events
(d) Engaging in critical thinking and expressing views and point-counterpoints (verbal and written) with
clarity.
(e) Working on assignments individually and in groups pertaining to the Economics of Tourism.
FIRST TRIMESTER AY 2019—2020

Subject Matter August 31, 2019

Economic Characteristics of the Tourism Group Oral Presentation
Sector Faculty facilitation and class discussion
 What is Tourism? relating to group outputs
 The Economic Characteristics of Tourism
 What is a Tourism Destination?
Subject Matter September 7, 2019
Creating Value in Tourism Group Oral Presentation
 What is an Economy? Why do we have an Faculty facilitation and class discussion
Economy? relating to group outputs
 Income and Value Added
 Value Added by the Tourism Sector
 Value Added in Domestic Tourism
 Value Added in International Tourism
Subject Matter September 14, 2019
Tourism Demand Group Oral Presentation
 Determinants of tourism Demand Faculty facilitation and class discussion
 Trends in Tourism Demand relating to group outputs
 Tourism Demand Worldwide
 Holiday Propensity and Holiday
frequency Seasonality

Tourism Supply
 Tourism Supply in the Tourism System
 Tourism Supply, the Tourist Product and
Its Life Cycle
 Tourism Supply and Market Structures
 Supply Trends
 Lodging Sector
 Transportation Sector
 Food Sector
Subject Matter September 21, 2019
Segment of the Tourism Industry Group Oral Presentation
 The Nature and Development of Visitor Faculty facilitation and class discussion
Attractions relating to group outputs
 Travelling for Treatment
 Education Tourism
 The Business of Amusement Parks
 Cruise Tourism
 Beach, Sun and Surf Tourism
 Economic Value of National Parks and
Protected Areas
 Ecotourism as an Instrument to Conserve
Biodiversity

Pricing Tourism Services

 Pricing in Tourism
  Competition and its Tourism Destination
 Price Discrimination with a Capacity
Constraint
 Price Discrimination through a Two—
Part Tariff
Subject Matter September 28, 2019
Economic Impact: Output, Income and Group Oral Presentation
Sustainability Faculty facilitation and class discussion
 Economic Impact Analysis relating to group outputs
 Direct and Indirect Effects
 Sustainable Tourism Development and
Economic Tourism
 Intertemporal Economic Analysis
 Common Property Resources,
Externalities and Property Rights

Final Requirement: Case Analysis Final Output: Individual submission

References:

Tisdell, Clement. (2013). Handbook of Tourism Economics: Analysis, New Applications and Case Studies

Vanhove, Norbert. (2011). The Economics of Tourism Destinations. 2nd Edition. Elsevier Insights

Reece, William. (2010). The Economic of Tourism. Prentice Hall

Sheldon, P., & Dwyer, L. (2010). The Global financial Crisis and Torusim: Perspectives of the Academy. Journal
of Travel and Research, 1.

Smeral, E. (2010). Impacts of the World Recession and Economic Crisis on Tourism: Foreccasts and Potential
Risk. Journal of travel Research, 1.

D. Pambudi, T. Van Ho, R. Spurr, P. Forsyth, L. Dwyer and S. Hoque. (2009). Tourism Satellite Accounts 2007–
08: Summary Spreadsheets 2009. Sustainable Tourism Cooperative Research Centre, Gold Coast, Qld.

L. Dwyer and D. Edwards (2009). Managing Tourism to Avoid ‘Strategic Drift’. International Journal of
Tourism Research Vol 11, 321-335.

Computation of Grades:
Final Exam 50%
Group reaction papers/solutions to problems 30%
Class Participation 20%
100%

Prepared by/date Approved by/date Noted by/date

Dr. Romulo G. Mendoza Jr. Dr. Jose Ma Gonzales Dr. Conrado E. Iñigo Jr.
Faculty Member Dean Vice President for Academic Affairs