This week’s topics
Determinants of Tourist Demand
- Disposable income and price elasticity
- Foreign exchange rate fluctuations
- Geopolitical stability and safety perceptions
- Seasonality patterns and climate factors
- What Shifts the Demand Curve?
- Elasticity of Demand
- 3 Types of Exchange Rate Systems | International Business | From A Business Professor
- Economics C3 - Lecture 4: Elasticity
- Economics 1 - Lecture 23: Exchange Rates and Balance of Paym
What you will be able to do
- 2.1 Explain the major factors impacting on tourist demand.
Activity
Start with this week’s 5 videos, then: Seminar, guided reading and a short written task: explain the major factors impacting on tourist demand.
Study materials
Videos
- What Shifts the Demand Curve? · YouTube · Marginal Revolution University · 10 min · for registered students
- Elasticity of Demand · YouTube · Marginal Revolution University · 14 min · for registered students
- 3 Types of Exchange Rate Systems | International Business | From A Business Professor · YouTube · Business School 101 · 6 min · for registered students
Further resources
- Tourism: The International Business (Mill, 2010), ch. 2: Who is the tourist? · PDF · Other, textbook chapter; pp. 39–57 · for registered students
- Eurostat Statistics Explained: Tourism statistics · Reading · Eu, report · for registered students
- Principles of Economics 3e, ch. 5: Elasticity · PDF · OpenStax, textbook chapter; pp. 125–150 · for registered students
Materials marked “for registered students” open in the student portal, which is set up as soon as you receive final acceptance.
