Skip to Content (Press Enter)

 

TO5202 - Economic Decision-Making in the Hospitality Industry

Credit points:03
Year:2014
Student Contribution Band: Band 3
Administered by:School of Business

This subject provides an overview of economic change in the hospitality industry. Over a period of time economic forces have resulted in a gradual concentration of large global and national corporations in the market. However, the small to medium-sized sector remains viable with many entrepreneurs surviving and succeeding despite the prevailing economic climate. This subject provides students with a range of economic concepts and techniques to enable an understanding of economic fluctuations and trends and their impact on the firm. The content is broadly divided into areas of basic economic approaches and the hospitality market; broad economic structures and trends; and competition and hospitality business development.

Learning Outcomes

  • understand the economic structure and trends of the hospitality sector and their impact on organizations;
  • understand the process of production in the hospitality industry;
  • apply a range of economic analyses upon which decisions can be made;
  • understand the nature of economic decision-making.

Availabilities

JCU Singapore, Internal, Study Period 51
Census Date 20-Mar-2014
Coordinator:Dr Taha Chaiechi
Contact hours:
  • 36 hours workshops/Seminars
    Assessment:end of semester exam (35%); other exams (35%); project (30%).

    JCU Brisbane, Internal, Study Period 21
    Census Date 17-Apr-2014
    Coordinator:Dr Taha Chaiechi
    Lecturer:Mr Rob Kelly.
    Contact hours:
    • 36 hours workshops/Seminars
      Assessment:end of semester exam (35%); other exams (35%); project (30%).

      JCU Brisbane, Internal, Study Period 23
      Census Date 11-Dec-2014
      Coordinator:Dr Taha Chaiechi
      Lecturer:Mr Rob Kelly.
      Contact hours:
      • 36 hours workshops/Seminars
        Assessment:end of semester exam (35%); other exams (35%); project (30%).