Availabilities:

LocationDomesticInternational
Brisbane - The Hotel School
Melbourne - The Hotel School
Sydney - The Hotel School

Unit description

Introduces students to the fundamental economic principles that are used to analyse and understand performance and develop strategy in the hospitality industry.  Students focus on the role of risk analysis and risk mitigation in implementing strategy.

Unit content

  1. Economics of Hospitality
  2. Economics and Risk Management in Accommodation Operations
  3. Economics and Risk Management in Food and Beverage Operations
  4. Economics and Risk Management in Human Assets
  5. Economics and Risk Management in Non-human Assets
  6. Risk and Hazard Control Processes

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.

On completion of this unit, students should be able to:
1demonstrate knowledge of the key theories that explain the economics of the hospitality industry;
2identify and critically analyse the performance of a hospitality business using economic theories;
3demonstrate the capability to identify risks and propose mitigation strategies in the hospitality industry;
4demonstrate the knowledge and skills to reflect upon the challenges of managing risk in the hospitality industry.

On completion of this unit, students should be able to:

  1. demonstrate knowledge of the key theories that explain the economics of the hospitality industry;
  2. identify and critically analyse the performance of a hospitality business using economic theories;
  3. demonstrate the capability to identify risks and propose mitigation strategies in the hospitality industry;
  4. demonstrate the knowledge and skills to reflect upon the challenges of managing risk in the hospitality industry.

Prescribed Learning Resources

Prescribed Texts
  • Prescribed text information is not currently available.
Prescribed Resources/Equipment
  • Prescribed resources/equipment information is not currently available.
Prescribed Learning Resources may change in future Teaching Periods

Teaching and assessment

Teaching method
Tutorial 2 hours (Weekly)
Workshop 1 hour (Weekly)
Tutorial 2 hours (Weekly)
Assessment
Exam: viva20%
Presentation50%
Quiz30%

Teaching method
Tutorial 2 hours (Weekly)
Workshop 1 hour (Weekly)
Tutorial 2 hours (Weekly)
Assessment
Exam: viva20%
Presentation50%
Quiz30%

Teaching method
Tutorial 2 hours (Weekly)
Workshop 1 hour (Weekly)
Tutorial 2 hours (Weekly)
Assessment
Exam: viva20%
Presentation50%
Quiz30%
Notice

Intensive offerings may or may not be scheduled in every teaching period. 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 teaching period.

Fee information

Domestic

Commonwealth Supported courses
For information regarding Student Contribution Amounts please visit the Student Contribution Amounts.

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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