TO5202 - Economic Decision-Making in the Hospitality Industry
| Credit points: | 03 |
| Year: | 2013 |
| 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.
Graduate Qualities
- The ability to adapt knowledge to new situations;
- The ability to define and to solve problems in at least one discipline area;
- The ability to think critically, to analyse and evaluate claims, evidence and arguments, and to reason and deploy evidence clearly and logically;
- The acquisition of coherent and disciplined sets of skills, knowledge, values and professional ethics from at least one discipline area;
- The ability to generate, calculate, interpret and communicate numerical information in ways appropriate to a given discipline or discourse.
Availabilities | |
| JCU Singapore, Internal, Study Period 51 | |
| Census Date 21-Mar-2013 | |
| Coordinator: | Dr Taha Chaiechi |
| Contact hours: |
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| Assessment: | end of semester exam (35%); other exams (35%); project (30%). |
| JCU Brisbane, Internal, Study Period 22 | |
| Census Date 15-Aug-2013 | |
| Coordinator: | Dr Taha Chaiechi |
| Lecturer: | Mr Rob Kelly. |
| Contact hours: |
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| 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.