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 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.

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

Lectures (3-hour long) are scheduled in the first term, beginning on 23 September 2019.

1. Monday 23 September 2019: 12-15 (Angherà 3). Tourism: Concepts, Definitions and Measures;
2. Wednesday 25 September 2019: 9-12 (Alberti 6). Tourism in the World Economy: an Overview, Figures and Trends;
3. Monday 30 September 2019: 12-15 (Angherà 3). The Input-Output Matrix and the Tourism Satellite Accounting;
4. Wednesday 25 September 2019: 9-12 (Alberti 6). The Tourism Destination and its pricing strategies;
5. Monday 7 October 2019: 12-15 (Angherà 3). Planning and Coordination in the Tourism Destination;
6. Wednesday 9 October 2019: 9-12 (Alberti 6). Price Coordination in the Tourism Destination;
7. Wednesday 16 October 2019: 9-12 (Alberti 6). Tourism and the Macroeconomy: the income multiplier (Prof. Andrea Saayman);
8. Friday 18 October 2019: 9-12 (Alberti 9). Understanding Tourism Demand (Prof. Andrea Saayman);
9. Monday 21 October 2019: 12-15 (Angherà 3). Tourism and Trade (Prof. Andrea Saayman);
10. Wednesday 23 October 2019: 9-12 (Alberti 6). Tourism and Economic Development (Prof. Andrea Saayman).

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

Lectures (3-hour long) are scheduled in the Second term, beginning in November 2019.

1. Monday 11 November 2019: 12-15 (Angherà 3). Tourism and Growth in a Cross-Section of Countries;
2. Friday 15 November 2019: 9-12 (Alberti 1). Tourism, Growth and Sustainability;
3. Monday 18 November 2019: 12-15 (Angherà 3). The public goods in the tourism sector;
4. Friday 22 November 2019: 9-12 (Alberti 1). Taxation and externalities in the tourism sector;
5. Monday 25 November 2019: 12-15 (Angherà 3). Tourism and sustainability;
6. Friday 29 November 2019: 9-12 (Alberti 1). Common goods and carrying capacity;
7. Monday 2 December 2019: 12-15. Inbound tourism boom and Dutch disease (Prof. Mondher Sahli);
8. Friday 6 December 2019: 9-12 (Alberti 1). Inbound tourism and economic growth (Prof. Mondher Sahli);
9. Friday 6 December 2019: 13-16 (Alberti 9). Tourism specialization, destination competitiveness and TTCI (Prof. Mondher Sahli);
10. Monday 9 December 2019: 12-15 (ANgherà 3). 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 27 September 2019: 9-12 (Alberti 6). Research methods, bibliographic sources and economic databases;
2. Friday 4 October 2019: 9-12 (Alberti 9). Select and download the data;
3. Friday 11 October 2019: 9-12 (Alberti 9). Check and clean the data;
4. Monday 28 October 2019: 12-15 (Alberti 8). Building a dataset;
5. Friday 22 November 2019: 13-16 (Alberti 9). An introduction to Stata;
6. Friday 29 November 2019: 13-16 (Alberti 9). Programming with Stata;
7. Tuesday 3 December 2019: 14-17 (Alberti 9). Statistical analysis with Stata;
8. Friday 13 December 2019: 13-16 (Alberti 9). 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 (Insegnamenti Online)

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 (Insegnamenti Online)

 

Laboratory of Tourism Macroeconomics

Teaching material is available in the repository (Insegnamenti Online)

Teaching methods

Lectures, seminars 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. 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.

Links to further information

https://iol.unibo.it/course/view.php?id=22292

Office hours

See the website of Paolo Figini