College aantekeningen

College aantekeningen ECT - Economics and Tourism (CBTO1ECT) Principles Of Economics, ISBN: 9780077132736

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Instelling
Breda University Of Applied Sciences

Boek
Principles of Economics

Bijna complete aantekeningen van het boek. Wij hebben tijdens de colleges alleen deze chapters behandelt, vandaar dat ook alleen over de behandelde chapters notities zijn!

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Geupload op 19 april 2023
Aantal pagina's 88
Geschreven in 2016/2017
Type College aantekeningen
Docent(en) Wim heijman, pieter piket, jeroen klijs
Bevat Chapter 1,2,3,4,5,8,11,13,14,16,17,19,22

economics
tourism
principles of economics
markets
supply
chain
demand
elasticity
specialisation
economic efficiency
competitors
costs
imperfect competition
externalities
property rights
labour market

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Economics & Tourism
Lectures and tutorials
Part one of the lectures:
- Based on selected chapters of the handbook as indicated in the
student guide. We will publish for each of the chapters a
presentation on N@tschool

Part 2:
- Theories applied to economic concepts of tourism and leisure and
discussion about articles.

Tutorials/ question hours:
- We will explain in the detail the problems at the end of each Chapter
(so both the Review questions). Answers to all problems will be
published on N@tschool.

Assessment 1:
- Three closed book exams:
o 3x 1 hours: multiple choice 60% (3x 20%)
o 7, 21 December 2016 and 25 January 2015

- Individual Essay:
 Article on Economics of Tourism and/ or leisure
 30% of the final mark

- Article Assignments
 3 articles on Economics of Tourism and or Leisure
 10% final mark
- Economic Naturalist: use insights from economics to help make
sense of observations from everyday life

Useful websites:
- CyberEconomics website: http://ingrimayne.com/econ/
- Economics Course Books free of charge:
http://bookboon.com/nl/studie/economie
- Iz/ed Economics Learning Materials Website for students and
educators: http://www.bized.co.uk/learn/economics/in dex.htm
- Economics at About.Com – Your Portal to the World of Economics:
http://economics.about.com/
- MIT Massachusetts Institute of Technology Open Course Ware
Economics: http://ocw.mit.edu/OcwWeb/Economics/index.htm

Essay: 30% of the final mark
- First comprehensive basic knowledge on several aspects of
economics in general
- Apply the general economic principles to leisure and/ or tourism

, - Search for a scientific academic article or report
- Article/ report
 Economics
 Leisure or tourism
 Research based
 Scientific Academic
 Journal: Tourism Economics; Tourism management;
leisure studies; leisure sciencesl; leisure management
 Interesting subject
 Sufficient quality
 Make sure you understand the article
 Clear link with the topics discussed in the lectures/ book

After approval of article/ report 1
 The article need to be send ( by e-mail) to the tutor
concerned for approval Before Monday 12 December
2016 08:30
 Essay of at least 4 page- not more than 6 pages (excl. title
page, referenced/ appendices)

1. Summary of the article:
- Reason for doing the research:
 relevance / questions / hypotheses
- Method
 qualitative / quantitative / survey / statistical analysis
- Conclusions
 answer to questions / recommendations / limitations

After approval of article/ report 2:
2. reflections based on the lecturers and the book
a. Concepts discussed (in what matter)
3. critical reflection (support you opinion using other sources)
a. relevance of questions & conclusions
b. appropriateness of methods used/ quality of the research
(limitations)
c. broader application
4. deadline hand in essay: MONDAY 16th JANUARY 08:30
5. if you need any assistance CONTACT

Essay: After approval of article/report 3
Please be aware that you need an approval for the article before you can
send in an essay! Failure to send in the article or essay before their
respective deadlines (without a valid reason) will result in a maximum
grade of 5.5 Minimum mark of 4.5 required ! Possibility to rewrite the
Essay.

Article(s) assignment 1:
- 10% final mark

, - Three Article assignments: For each of the Assignments an article
will be made available to you.
- The articles will be about (a) specific element(s) of tourism and/or
leisure accompanied by one or more questions. These questions
relate to the manner in which concepts and theories from this
course are applied (or could be applied) to leisure and tourism and
ask for a critical evaluation of the article.

Article(s) assignment 2:
- Carefully read the articles and (individually) write down answers to
the questions. You are however allowed (and even stimulated) to
talk to the other students about your answers. The questions will be
accompanied with more specific requirements on the answers
(length, concepts to use, etc.).
- During the lectures the articles and the questions will also be
discussed. Everyone is expected to actively participate in the
discussion. No attendance – Mark = zero .

Article(s) assignment 3:
- You can check the week-by-week overview for the deadlines of the
three Article Assignments. The Assignments need to be handed in
(hard copy) during the lectures of the respective weeks.
- The Article Assignments will be graded by the lecturer of the tutorial.
The overall grade you receive for this part of the course is the
average of the grades of the assignments you have handed in.
- There is no possibility to rewrite any of the Article Assignments.

Can you think of any economic concepts and apply them to the fields of
tourism and/ or leisure? Or the other way around?
- Demand and supply
- Taxes
- Subsidy (for sports or cultural )

, Content
CHAPTER 1: THINKING LIKE AN ECONOMIST................................................5

CHAPTER 2: MARKETS, SPECIALISATION AND ECONOMIC EFFICIENCY.........8

CHAPTER 3: Markets, Supply, Demand and Elasticity................................11

CHAPTER 4: DEMAND: THE BENEFIT SIDE OF THE MARKET.......................27

CHAPTER 5: PERFECTLY COMPETITIVE SUPPLY: THE COST SIDE OF THE
MARKET......................................................................................................35

CHAPTER 11: EXTERNATLITIES AND PROPERTY RIGHTS............................52

CHAPTER 13: Labour Markets, Income Distribution, Wealth and Poverty. .57

CHAPTER 14: GOVERNMENT IN THE MARKET ECONOMY: PUBLIC SECTOR
PRODUCTION AND REGULATION................................................................64

Chapter 16: Macroeconomics: the Bird’s- Eye view of the economy.........70

CHAPTER 17: MEASURING ECONOMIC ACTIVITY : GROSS DOMESTIC
PRODUCT...................................................................................................74

CHAPTER 19: THE LABOUR MARKET: WAGES AND UNEMPLOYMENT.........79

Chapter 22: Short- term economic fluctuations.........................................81

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