Skip to Content (Press Enter)

 

TO5202 - Economic Decision-Making in the Hospitality Industry

Credit points:03
Year:2016
Student Contribution Band: Band 3
Administered by:College of Business, Law & Governance

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 53
Census Date 08-Dec-2016
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 07-Apr-2016
    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 08-Dec-2016
      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%).

        Note: Minor variations might occur due to the continuous Subject quality improvement process, and in case of minor variation(s) in assessment details, the Subject Outline represents the latest official information.