BBA Tourism, Hotel Management & Operations
Courses offered in the MODULE Economics and Financial Management:
- Economic Geography (LS)
- Financial Management & Investment Planning (LX)
- Macroeconomics (IL)
- Microeconomics (IL)
The course will give the students a basic understanding of the interrelationships between social and economic factors. The course will deal with topics like population changes, past and present trends thereof, population projections and their policy implications, the impacts of occupational mobility and social networks.
The course will introduce students to the fundamentals of finance with emphasis on corporate financial management, financial markets and financial institutions as well as investment planning.
Students will acquire an understanding of financial statements and analysis, long term investment decisions, long-term financing decisions (incl. financial feasibility of an investment), capital structure and dividend policy, short term cash decisions, working capital management, financial markets, money and capital markets, investments.
This course covers the basic principles of macroeconomic analysis. The first part of the course serves the purpose of introducing students to the concept of macroeconomic analysis. Subsequently the course will cover the issue of measurement of macroeconomic performance, with particular attention to the system of national accounts, its merits and its limitations, with particular attention to the social and environmental dimension. Finally the course will address the aggregate demand theory and the role of money in the business cycle and will look at the issue of monetary and fiscal policies.
This course covers the main themes of microeconomics, at a basic proficiency level. After a brief introduction to the context of microeconomic analysis, the module explores in detail the concepts of demand, supply and market equilibrium. Subsequently the module offers an analysis of consumers and firm behavior, general equilibrium and exchange. The module concludes with an analysis of market failures, with particular attention to asymmetric information, public goods and externalities.
IL – Interactive Lecture, SE – Seminar, LS – Lecture/Seminar,
LX – Lecture/Exercise, PT – Practical Training