69210 - Tourism Macroeconomics

Academic Year 2017/2018

  • Docente: Paolo Figini
  • Credits: 12
  • SSD: SECS-P/02
  • Language: English
  • Moduli: Paolo Figini (Modulo 1) Paolo Figini (Modulo 2)
  • Teaching Mode: Traditional lectures (Modulo 1) Traditional lectures (Modulo 2)
  • Campus: Rimini
  • Corso: Second cycle degree programme (LM) in Tourism Economics and Management (cod. 8609)

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 growth and development economics in the tourism context; 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 macroeonomics field.

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

Lectures (3 or 2-hour) are scheduled in the first term, beginning in September 2017.

  1. Tuesday 19 September, 9-12 (Alberti 5). Tourism: Concepts, Definitions and Measures;
  2. Tuesday 26 September, 9-12 (Alberti 5). Tourism in the World Economy: an Overview, Figures and Trends;
  3. Tuesday 3 October, 9-12 (Alberti 5). The Input-Output Matrix and the Tourism Satellite Accounting;
  4. Wednesday 4 October, 9-11 (Alberti 5). The Tourism Destination.
  5. Tuesday 10 October, 9-12 (Alberti 5). Pricing strategies and the Tourism Destination;
  6. Wednesday 11 October, 9-11 (Alberti 5). Coordination and Variety in the Tourism Destination;
  7. Tuesday 17 October, 9-12 (Alberti 5). Tourism and the Macroeconomy: the income multiplier (Prof. Andrea Saayman);
  8. Wednesday 18 October, 9-11 (Alberti 5). Price Coordination in the Tourism Destination;
  9. Thursday 19 October, 9-12 (Alberti 6). The International Flow of Tourism (Prof. Andrea Saayman);
  10. Friday 20 October, 12-15 (Alberti 6). Tourism and Trade (Prof. Andrea Saayman);
  11. Tuesday 24 October, 9-12 (Alberti 5). Tourism and Economic Development (Prof. Andrea Saayman).

Second part - Tourism, Growth and Sustainability (30 hours).

Lectures (3-hours) are scheduled in the Second term, beginning in November 2017.

  1. Monday 6 November, 15-18 (Alberti 5). Tourism and Growth in a Cross-Section of Countries;
  2. Wednesday 8 November, 12-15 (Alberti 5). Tourism, Growth and Sustainability;
  3. Wednesday 15 November, 12-15 (Alberti 5). The public goods in the tourism sector;
  4. Friday 17 November, 9-12 (Alberti 1). Taxation and externalities in the tourism sector;
  5. Wednesday 22 November, 12-15 (Alberti 5). Tourism and sustainability;
  6. Wednesday 29 November, 12-15 (Alberti 5). Common goods and carrying capacity;
  7. Monday 4 December, 15-18 (Alberti 5). Inbound Tourism Boom, Dutch Disease and Economic Growth (Prof. Mondher Sahli);
  8. Wednesday 6 December, 12-15 (Alberti 5). TLG and TKIG hypotheses (Prof. Mondher Sahli);
  9. Monday 11 December, 15-18 (Alberti 5). Tourism Spceialization and the Tourism and Travel Competitiveness Index (Prof. Mondher Sahli);
  10. Wednesday 13 December, 12-15 (Alberti 5). Tourism Foreign Direct Investment (Prof. Mondher Sahli)

Laboratory of Macroeconomics (24 hours).

The laboratory is scheduled extensively (one session per week) in the first semester (I and II term).

  1. Friday 22 September, 12-15 (Alberti 6). Research in economics and the use of bibliographic references in economics and tourism;
  2. Friday 29 September, 12-15 (Alberti 6). Finding and using economic databases;
  3. Friday 6 October, 12-15 (Alberti 6). Collecting, checking and cleaning data;
  4. Wednesday 25 October, 9-11 (Alberti 5). Playing with data
  5. Monday 13 November, 15-18 (Alberti 5). An introduction to Stata;
  6. Monday 20 November, 15-18 (Alberti 5). Programming with Stata;
  7. Monday 27 November, 15-18 (Alberti 5). Statistical analysis with Stata;
  8. Friday 1 December, 9-12 (ALberti 5). Statistical analysis with Stata (2).

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 are available in the repository (AMS Campus)

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 are available in the repository (AMS Campus)


Laboratory of Tourism Macroeconomics

Teaching material is available in the repository (AMS Campus)

Teaching methods

Lectures, seminars and lab work.
This is the students' evaluation of the course: 2014/15, 2015/16, 2016/17.

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. Registration for the exam is compulosry, and students have to register through AlmaEsami according to the general rules of the School of Economics, Management and Statistics.

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, it is one-hour long and is composed of two open questions.

The mid-term assessment for Part II (40% of the final mark) is scheduled at the end of the second term, it is one-hour long and is composed of two open questions.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 discussion and presentation of the results.

The mark is out of 30 points, and the minimum required to pass the exam is 18 / 30.
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

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

Office hours

See the website of Paolo Figini