Tourism and Hospitality in Global EconomyLaajuus (5 cr)

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

Assessment criteria, satisfactory (1)

Satisfactory (2)

Poor (1)

Assessment criteria, good (3)

Very good (4)

Good (3)

Assessment criteria, excellent (5)

Excellent (5)