Study Guide

Objective

Having completed this study unit
· You understand the basics of macroeconomics and know some of the key macroeconomic indicators.
· You understand the fundamentals of micro and macroeconomics - supply and demand and the connection to market
prices from the tourism and hospitality industry perspective.
· You understand tourism both as a concept and as a phenomenon at local, regional, national and international levels.
· You acknowledge the economic, social, cultural, environmental and political impacts of tourism.
· You acknowledge the historic development and the current situation of the tourism industry in Finland and Lapland.
· You understand different forms of tourism.
· You are familiar with tourism statistics on regional, national and international levels.
· You understand connections and impacts between international economics and tourism and hospitality industry in
global economy.

Competences:

Content

Content:
· fundamentals of micro and macroeconomics
· key macroeconomic indicators
· connections between global economics and the tourism industry
· tourism and hospitality industry in global economy
· concepts and definitions of tourism and hospitality and the tourism system
· tourism as a concept and a phenomenon at local, regional, national and international levels
· economic, social, cultural, environmental and political impacts of tourism
· historic development and the current situation of the tourism industry in Lapland
· forms of tourism (e.g. nature tourism, ecotourism, urban tourism, culinary tourism, sports tourism, cultural and
heritage tourism, luxury and high-end tourism)
· tourism-related statistics

Location and time

The study unit starts at week 37 and it ends at week 47.
Lectures are organised in classrooms.

Materials

The course materials are introduced the Moodle.

Teaching methods

The implementation of the course progresses gradually in a classroom format. The implementation emphasizes self-directed and active learning (flipped classroom). The course includes familiarization with learning materials and source materials, independent exercises and learning tasks, and collaboration.

Exam schedules

The group assignment is due to week 43.
The exam is during the week 45.
The group assignment presentations are during the week 47.
Retake for the exam is during the week 48.

Content scheduling

• Concepts and definitions of tourism and hospitality and the tourism system
• Destinations and tourism and hospitality businesses and other tourism stakeholders
• Different forms of tourism
• Concept of sustainable luxury tourism
• Key concepts of sustainability and background of sustainable tourism
• Development of global tourism industry
• Tourism statistics
• Impacts of tourism (economic, social, cultural, environmental and political)
• Connections between global economics and the tourism industry

Evaluation scale

H-5

Assessment criteria, satisfactory (1)

Satisfactory (2)

Poor (1)

Assessment criteria, good (3)

Very good (4)

Good (3)

Assessment criteria, excellent (5)

Excellent (5)

Assessment methods and criteria

These are the general assessment criteria. Please note that there might be more specific assessment criteria for learning assignments which will be given at the beginning of the study unit.

Assessment criteria, fail (0)

The student does not complete the assignments according to the instructions or does not attend the learning situations at all. He/she does not pass the assignments, tests and/or the exam as required.

Assessment criteria, satisfactory (1-2)

Poor (1)
The student has only some basic level understanding of the field of tourism and hospitality and understands vaguely the tourism system and the concept of sustainable tourism. He/she knows some forms of and impacts of tourism. The assignments are completed but not always performed according to the instructions and deadlines.

Satisfactory (2)
The student has some understanding of the field of tourism and hospitality and understands somehow the tourism system and the concept of sustainable tourism. He/she knows some forms of tourism and understands some impacts of tourism at a satisfactory level. He/she sees some connections between international economics and the significance of tourism and hospitality industry in global economy. The assignments are completed but not always performed according to the instructions and deadlines.

Assessment criteria, good (3-4)

Good (3)
The student an overall picture of the tourism and hospitality field and understands well how the tourism system functions and how the global tourism industry works. He/she knows at a good level the meaning and significance of sustainable tourism. He/she knows well some forms of tourism as well as the most impacts of tourism. He/she sees connections between international economics and the significance of tourism and hospitality industry in global economy. Most of the assignments are performed according to the instructions and deadlines.

Very good (4)
The student has an overall picture of the tourism and hospitality field and understands very well how the tourism system functions and how the global tourism industry works. He/she knows at a very good level the meaning and significance of sustainable tourism. He/she knows very well different forms of tourism as well as versatile impacts of tourism. He/she has a very good understanding of connections between international economics and the significance of tourism and hospitality industry in global economy as well as how the global economy affects tourism. All the assignments are performed according to the instructions and deadlines.

Assessment criteria, excellent (5)

Excellent (5)
The student has a thorough, overall picture of the tourism and hospitality field and understands holistically how the tourism system functions and how the global tourism industry works. He/she knows at an excellent level the meaning and significance of sustainable tourism. He/she has a broad understanding of many different forms of tourism as well as of versatile impacts of tourism. He/she understands very well connections between international economics and the significance of tourism and hospitality industry in global economy as well as how the global economy affects tourism. All the assignments are performed according to the instructions and deadlines.