Unit description

Provides an overview of the economic basis and consequences of tourist behaviour. Emphasis is placed on the economic implications of tourism for local communities and the international travel and tourism industry. The role of government in tourism development and management is also addressed.

Unit content

There are nine topics in the unit.

Topic 1 begins by briefly introducing economics - what it is all about, touching on the two main branches: microeconomics and macroeconomics.

Topics 2 to 6 focus on the microeconomic foundations of economics; here we study the incentives, decisions and outcomes for individual consumers, firms, and markets with references made to the Tourism and Hospitality industry.

In Topics 7 to 9 we turn our attention to macroeconomics and consider outcomes at a national level, not just individual markets. We look primarily at the major macroeconomic issues of economic growth, unemployment, inflation and the balance of payments, with references made to the Tourism and Hospitality industry.

Introduction 1. Introduction to economics
Microeconomics 2. Markets 3. Elasticity 4. Firms: Costs, revenue and profit 5. Market structure 6. Market failure
Macroeconomics 7. Macroeconomics: An introduction 8. The global economy: Trade, the balance of payments and exchange rates 9. Government and the economy: macroeconomic policy

Learning outcomes

Unit Learning Outcomes express learning achievement in terms of what a student should know, understand and be able to do on completion of a unit. These outcomes are aligned with the graduate attributes. The unit learning outcomes and graduate attributes are also the basis of evaluating prior learning.

Learning outcomes and graduate attributes

Prescribed texts

Session 2

  • Sloman, J, Norris, K & Garratt, D, 2010, Principles of Economics, 3rd edn, Pearson Australia, Frenchs Forest NSW. ISBN: 9781442528536.
  • Sloman, J, Norris, K & Garratt, D, 2010, Study guide to accompany Principles of Economics, 3rd edn, Pearson Australia, Frenchs Forest NSW. ISBN: 9781442539037.
Prescribed texts may change in future study periods.

Teaching and assessment

Coffs Harbour

Teaching method
Tutorial on-site 2 hours (12 weeks)
Lecture online 1 hour (12 weeks)
Assessment
Essay30%
Quiz30%
Exam: closed book40%

Gold Coast

Teaching method
Tutorial on-site  2 hours (12 weeks)
Lecture online 1 hour (12 weeks)
Assessment
Essay30%
Quiz30%
Exam: closed book40%

Lismore

Teaching method
Tutorial on-site 2 hours (12 weeks)
Lecture online 1 hour (12 weeks)
Assessment
Essay30%
Quiz30%
Exam: closed book40%

Online

Teaching method
Structured online learning 1 hour (12 weeks)
Assessment
Essay30%
Quiz30%
Exam: closed book40%

Singapore - MDIS

Teaching method
Lecture on-site 3 hours (12 weeks)
Assessment
Essay30%
Quiz30%
Exam: closed book40%
Notice

Intensive offerings may or may not be scheduled in every session. Please refer to the timetable for further details.

Southern Cross University employs different teaching methods within units to provide students with the flexibility to choose the mode of learning that best suits them. SCU academics strive to use the latest approaches and, as a result, the learning modes and materials may change. The most current information regarding a unit will be provided to enrolled students at the beginning of the study session.

Fee information

Domestic

Commonwealth Supported courses
For information regarding Student Contribution Amounts please visit the Student Contribution Amounts.
Commencing 2014 Commonwealth Supported only. Student contribution band: 3

Fee paying courses
For POSTGRADUATE or UNDERGRADUATE full fee paying courses please check Domestic Postgraduate Fees OR Domestic Undergraduate Fees

International

Please check the international course and fee list to determine the relevant fees.

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