|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||Weekly online tests||20%|
Principles of Economics MyLab Economics with eText,
Sloman, J., Norris, K., Garret, D., 2013,
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.
Study a single unit
This unit may be available as a single unit of study.
Find out more about how to apply for single units of study at VU.
VU takes care to ensure the accuracy of this unit information, but reserves the right to change or withdraw courses offered at any time. Please check that unit information is current with the Student Contact Centre.