ECONOMICS AND TOURISM

TBF123

Course Code: TBF123
Semester: First Term (Fall)
Theory+Practice: 3 + 0
ECTS: 6

Course Type

Compulsory Course

Course Level

Bachelor's Degree

Year of Study

Semester

First Term (Fall)

ECTS

Name of Lecturer(s)

Learning Outcomes

At the end of this course, the students;

Define and explain the basic concepts of economics.
Explain the micro and macro foundations of economics.
Relate fundamental economic theories to the tourism industry.
Analyze supply and demand in the tourism industry using a theoretical framework.
Explain pricing in the tourism industry by applying the concept of elasticity.
Analyze consumer behavior in the tourism industry through relevant theories.
Discuss the significance and position of the tourism industry in the economy by utilizing concepts such as national income calculations and balance of payments.
Relate theoretical knowledge to real-world conditions to make inferences about the future of the tourism industry.

Mode of Delivery

Face to face

Prerequisites

Recommended Optional Programme Components

None

Course Description

This course aims to explore topics such as supply and demand in tourism, the economic benefits of tourism on the balance of payments and national employment, and the multiplier effect created by tourist spending from an economic and tourism perspective. The course's objective is to provide students with a foundational understanding of economics and tourism, addressing both theoretical and practical aspects.

Course Contents

WEEK	TOPICS
1^st Week	Introduction to the basic concepts of tourism and economics
2^nd Week	Supply and demand concepts
3^rd Week	Supply and demand concepts
4^th Week	Market equilibrium and pricing in tourism
5^th Week	Elasticities
6^th Week	Consumer behavior in tourism: utility, indifference curves
7^th Week	Consumer equilibrium approaches (Practical training: Patalya Thermal Resort Hotel, Kızılcahamam)
8^th Week	Midterm exam
9^th Week	Costs and production in the tourism industry
10^th Week	Perfect competition, monopoly, oligopoly
11^th Week	Perfect competition, monopoly, oligopoly
12^th Week	National income accounting
13^th Week	Balance of payments and the tourism industry (Practical training: Patalya Thermal Resort Hotel, Kızılcahamam)
14^th Week	Balance of payments and the tourism industry

Recommended or Required Reading

Yağcı, Ö. (2007). Turizm ekonomisi (2nd ed.). Detay Yayıncılık.

Planned Learning Activities and Teaching Methods

Lecture
Discussion
Questions/Answers

Assessment Methods and Criteria

	Quantity	Percentage (%)
Mid-term	1	40
Practice	1	20
Total(%)		60
Contribution of In-term Studies to Overall Grade(%)		60
Contribution of Final Examination to Overall Grade(%)		40
Total(%)		100

ECTS Allocated Based on Student Workload

Activities	Quantity	Duration (Hour)	Total Workload (Hour)
Midterm exam	1	1	1
Preparation for Quiz
Individual or group work	14	3	42
Preparation for Final exam	1	40	40
Course hours	13	3	39
Preparation for Midterm exam	1	35	35
Laboratory (including preparation)
Final exam	1	1	1
Homework
Performance Practice	2	8	16
Total Work Load			174
Total Work Load / 30 (h)			5.8
ECTS Credit of the Course			6

Language of Instruction

Turkish

Work Placement(s)

Programme Qualifications / Learning Outcomes

	LO1	LO2	LO3	LO4	LO5	LO6	LO7	LO8
K1								X
K2								X
K3
K4								X
K5
K6
K7
K8
K9
K10
K11
K12	X	X	X	X	X	X	X	X
K13

	LO1	LO2	LO3	LO4	LO5	LO6	LO7	LO8
K1								X
K2								X
K3
K4								X
K5
K6
K7
K8
K9
K10
K11
K12	X	X	X	X	X	X	X	X
K13

	LO1	LO2	LO3	LO4	LO5	LO6	LO7	LO8
K1								X
K2								X
K3
K4								X
K5
K6
K7
K8
K9
K10
K11
K12	X	X	X	X	X	X	X	X
K13

	LO1	LO2	LO3	LO4	LO5	LO6	LO7	LO8
K1								X
K2								X
K3
K4								X
K5
K6
K7
K8
K9
K10
K11
K12	X	X	X	X	X	X	X	X
K13