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Full Description
One of the leading texts in the field, The Economics of Recreation, Leisure and Tourism is the ideal introduction to the fundamentals of economics in these industries, helping you to pass an economics module as part of tourism, recreation, events or sport management degrees.
It is written in an engaging style that assumes no prior knowledge of economics. It applies economic theory to a range of tourism industry issues at the consumer, business, national and international level by using topical examples to give the theory real-world context. This book is richly illustrated with diagrams, and contains a range of features such as international case studies showcasing current issues, review questions and extracts from journals to aid understanding and further knowledge, as well as new data and statistics.
This fifth edition has been revised and updated to include:
New content on recent economic data, consumer choice looking at income-leisure decision approaches, growth areas of sports and events, environmental issues, the impact of the global economic crisis and what may happen in the future. Evidence is put forward to provide a sense of the dynamics of world economies.
Updated and new international case studies throughout that demonstrate theoretical principles of economics as applied to tourism
Updated companion website with PowerPoint slides
Contents
Contents Preface to the fifth edition 1. Introduction Part 1: Organizations and Markets 2. Recreation, leisure and tourism organizations 3. The market for recreation, leisure and tourism products Part 2: Further Issues of Demand and Supply 4. Demand: time preference, elasticity and forecasting 5. Supply and costs Part 3: Markets in Practice 6. Market structure and pricing 7. Market intervention Part 4: The External Operating Environment 8. The competitive, technological, political and sociocultural environment 9. The economic environment Part 5: Investment 10. Investment in the private sector 11. Investment in the public sector Part 6: Economic Impacts 12. Income, employment and prices 13. Economic development and regeneration Part 7: The Global Economy 14. The balance of payments and exchange rates 15. Globalization Part 8 Environmental Economics 16. Environmental impacts 17. Action for sustainability 18. Critique, alternative perspectives and change Bibliography Index
