69210 - Tourism Macroeconomics

Learning outcomes

Learning Outcomes: At the end of the course, the student knows recent macroeconomic models and their application to tourism. Moreover, the student knows the literature on the impact of tourism on economic development, on foreign investments, on sustainability. More specifically, the student is able to critically evaluate the relationship between tourism specialisation and economic growth in an international context, to compare theoretical results with empirical evidence, to develop autonomous ability in undertaking empirical research in tourism macroeconomics.

Course contents

The course studies the impact of tourism on the macroeconomy, by highlighting the links with economic growth, development and the globalization. To reach this aim, the course is organised in two parts plus lab work, with a balance between theory and practice. The first part is an introduction to the issues of tourism organization and development, and its role within the economy; the second part analyses the relationship between tourism, growth and the environment, which pivots on the concept of sustainability. The laboratory tackles the research methoology and the analysis of data in the fields of tourism and economics. Conditional to the evolution of the general situation, the course will be partially taught by visiting professors from foreign universities.

 

First part - The impact of Tourism in the Economy (30 hours).

Lectures (3-hour long) are scheduled in the first term, beginning in September 2022.

1. Monday 19 September, 12.00-15.00: Tourism: Concepts, Definitions and Measures;
2. Friday 23 September, 09.00-12.00: Tourism in the World Economy: an Overview, Figures and Trends;
3. Monday 26 September, 12.00-15.00: Lecture called off for general political elections;
4. Friday 30 September, 09.00-12.00: Prof. Maria Santana Gallego (U. of Balearic Islands): International tourism, an overview
5. Monday 3 October, 12.00-15.00: The Input-Output matrix and the Tourism Satellite Accounts;
6. Friday 7 October, 09.00-12.00: The Tourism Destination and its pricing strategies;
7. Monday 10 October, 12.00-15.00: Coordination in the Tourism Destination;
8. Monday 17 October, 12.00-15.00: Prof. Andrea Saayman (North-West University): Tourism demand;
9. Friday 21 October, 09.00-12.00: Prof. Andrea Saayman (North-West University): Tourism and the Macroeconomy: the income multiplier;
10. Monday 24 October, 12.00-15.00: Prof. Andrea Saayman (North-West University): Tourism and development.

 

Second part - Tourism, Growth and Sustainability (21 hours).

Lectures (3-hour long) are scheduled in the Second term, beginning in November 2022.

1. Monday 7 November, 12.00-15.00: Tourism and Growth in a Cross-Section of Countries;
2. Wednesday 9 November, 12.00-15.00: Tourism, Growth and Sustainability;
3. Wednesday 16 November, 12.00-15.00: The public goods in the tourism sector;
4. Monday 21 November, 12.00-15.00: Externalities in tourism;
5. Wednesday 23 November, 12.00-15.00: Taxation in tourism;
   
6. Wednesday 30 November, 12.00-15.00: Sustainability;
7. Wednesday 7 December, 12.00-15.00: Tourism in the Covid-19 era

 

Laboratory of Macroeconomics (21 hours).

The laboratory is scheduled extensively (one session every two weeks) in the whole first semester (I and II term).

1. Tuesday 20 September, 12.00-15.00: Research methods, bibliographic sources and economic databases;
2. Tuesday 4 October, 12.00-15.00: Select and download the data;
3. Tuesday 18 October, 12.00-15.00: Check and clean the data;
4. Monday 14 November, 12.00-15.00: An introduction to Stata;
5. Monday 28 November, 12.00-15.00: Statistical analysis with Stata;
6. Monday 5 December, 12.00-15.00: Working on the data.
   

Readings/Bibliography

First part - The impact of Tourism in the Economy

Guido Candela & Paolo Figini, The Economics of Tourism Destinations, Heidelberg: Springer-Verlag, 2012 (Chaps. 2, 3, 4.1, 4.2, 4.3, 13.1, 13.2, 14.3).

Lectures slides and other teaching material will be available in due time in the online repository

Second part - Tourism, Growth and Sustainability

Guido Candela & Paolo Figini, The Economics of Tourism Destinations, Heidelberg: Springer-Verlag, 2012 (Chaps. 13, 14, 15, 16).

Lecture slides and other teaching material will be available online in due time in the online repository.

Laboratory of Tourism Macroeconomics

Teaching material will be available in due time in the online repository.

Teaching methods

Lectures, seminars, group discussions, and lab work.

Assessment methods

The exam is aimed at evaluating the skills and the critical abilities developed by the students as regards to: the analysis and interpretation of recent macroeconomic models and their application to tourism; the evaluation of the relationship between tourism specialisation and economic growth in an international context; the comparison of theoretical results with empirical evidence; the undertaking of empirical research in tourism macroeconomics, stemming from the collection of data, their interpretation and the ability to communicate the main results in a report.

The exam is composed of a written test (80% of the final mark), covering the topics of the two theoretical parts, and a practical test (20% of the final mark), covering the lab section. The exam has to be completed in the same date. It is not possible to bring books, personal notes or electronic devices in the exam.

The mark is out of 30 points, and the minimum required to pass the exam is 18 / 30. The grading scale for the exam is as follows:

18: pass (equivalent to E in the European scale)

19-21: sufficient (equivalent to D in the European scale)

22-24: fair (equivalent to C in the European scale)

25-27: good (equivalent to B in the European scale)

28-30: very good (equivalent to A in the European scale)

30 cum Laude (honors): excellent (equivalent to A+ in the European scale).

Registration for the exam is compulosry, and students have to register through AlmaEsami [https://almaesami.unibo.it/almaesami/welcome.htm] according to the general rules of the School of Economics and Management.

The exam will be offered through the online platform of the University (EOL - EsamiOnLine), accesible from one of the computer labs of the Rimini Campus.

For students attending lectures it is possibile to give the exam through three mid-term assessments:

The mid-term assessment for Part I (40% of the final mark) is scheduled at the end of the first term (first week of November 2022), it is one-hour long and is composed of a series of multiple choice tests and an open question.

The mid-term assessment for Part II (40% of the final mark) is scheduled at the end of the second term (January 2023), it is one-hour long and is composed of a series of multiple choice tests and an open question. Only students who pass the first mid-term assessment are admitted to the second mid-term assessment.

The test for the laboratory (20% of the final mark) is an on-going assessment with statistical / econometric analysis of some data and group discussion and presentation of the results.

For students failing the exam through mid-term assessments there will be two make-up exams throughout the year: one in February, one in September.

Teaching tools

Lectures are given in presence at Rimini Campus and students can attend in the classroom. Lectures will be streamed online, through Teams platform, ONLY if restrictions linked to the health situation will be reintroduced.

The laboratory uses bibliographic sources, databases and statistical software (STATA) to analyse data.

Office hours

See the website of Paolo Figini