Unit details
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Learning Outcomes
1. | Interpret and apply basic microeconomic principles in a hotel or hospitality context; | ||
2. | Interpret and apply basic macroeconomic principles in a hotel or hospitality context; | ||
3. | Analyse economic data sets to support decision making in common hotel and hospitality operations; | ||
4. | Apply supply and demand principles to hotel and hospitality booking and pricing scenarios; and | ||
5. | Demonstrate the use of market dynamics models and identify the market dynamic factors that affect hotel and hospitality businesses. |
Assessment
Assessment type | Description | Grade |
---|---|---|
Test | Weekly online tests | 20% |
Assignment | Industry project | 40% |
Examination | Final examination | 40% |
Required reading
Principles of Economics MyLab Economics with eText,
Sloman, J., Norris, K., Garret, D., 2013,
Pearson, Australia
Where to next?
As part of a course
This unit is studied as part of the following courses. Refer to the course page for information on how to apply for the course.
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