|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.|
|Test||On-line multiple choice questions (x2 progressive assessments) 15% and 10%||25%|
|Assignment||Analytical Economics Assignment (x2 progressive assessments) 25% each||50%|
|Test||End of Block Test (on-line)||25%|
Principles of Economics MyLab Economics with eText,
Sloman, J., Norris, K., Garret, D., 2013,
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