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 (21 hours).

Lectures (3-hour long) are scheduled in the first term, beginning on 21 September 2020.

1. Monday 21/09, 12:00 (Alberti 4) Tourism: Concepts, Definitions and Measures;
2. Wednesday 23/09, 9:00 (Alberti 6) Tourism in the World Economy: an Overview, Figures and Trends;
3. Monday 28/09, 12:00 (Alberti 4) The Input-Output Matrix and the Tourism Satellite Accounting;
4. Wednesday 30/09, 9:00 (Alberti 6) The Tourism Destination and its pricing strategies;
5. Wednesday 07/10, 9:00 (Alberti 6) Planning and Coordination in the Tourism Destination;
6. Monday 12/10, 12:00 (Alberti 4) Price Coordination in the Tourism Destination;
7. Wednesday 21/10, 9:00 (Alberti 6) Tourism and the Macroeconomy: the income multiplier;
   

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

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

1. Monday 09/11, 12:00 (Alberti 1) Tourism and Growth in a Cross-Section of Countries;
2. Thursday 12/11, 15:00 (Alberti 4) Tourism, Growth and Sustainability;
3. Monday 23/11, 12:00 (Alberti 1) The public goods in the tourism sector;
4. Thursday 03/12, 15:00 (Alberti 4) Externalities and Taxation in the tourism sector;
   
5. Thursday 10/12, 15:00 (Alberti 4) Extra lecture: Participation to the CAST days;
6. Monday 14/12, 12:00 (Alberti 1) Tourism and sustainability;
7. Thursday 17/12, 15:00 (Alberti 4) Common Goods and Carrying Capacity; Tourism in the Covid-19 era

Laboratory of Macroeconomics (18 hours).

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

1. Monday 05/10, 12:00 (Alberti 4) Research methods, bibliographic sources and economic databases;
2. Monday 19/10, 12:00 (Alberti 4) Select and download the data;
3. Monday 26/10, 12:00 (Alberti 4) Check and clean the data;
4. Monday 16/11, 12:00 (Online) An introduction to Stata;
5. Monday 30/11, 12:00 (Alberti 1) Statistical analysis with Stata;
6. Monday 07/12, 12:00 (Online) 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 are available 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 are available in the online repository

 

Laboratory of Tourism Macroeconomics

Teaching material is available in the online repository

Teaching methods

Lectures, seminars and lab work, which can also be attended online through Teams platform.

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.

According to the evolution of the health situation, the exam should be provided online and/or offline (in presence, in Rimini), but more information will be given in due time.

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 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, 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 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

Lectures are given in presence at Rimini Campus and students can attend in the class room and online, through Teams platform.

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