Global Economics

Department

Master's Program Entrepreneurship & Tourism

Course unit code

TOU-MMT-3-ITO-GLI-VO

Number of ECTS credits allocated

3.0

Name of lecturer(s)

Professor Dr. Sparks Donald, PhD, Dr. Messerli Hannah, Ph.D.

Mode of delivery

face-to-face

Recommended optional program components

none

Recommended or required reading

Part Hannah Messerli
Required course readings (as presented in course overview):
- Section 1: National Tourism Measurement
OECD Reader's Guide
Austria Country Profile
Norway National Tourism Strategy 2030; Big Impact, Small Footprint
- Section 2: Tourism and Taxation
Taxation ppt
WTTC Intelligent Taxation (2018)
- Section 3: Tourism Investment and Foreign Direct Investment (FDI)
Investment/FDI ppt
- Section 4: The Case of Mauritius
Mauritius—Partnering with Foreign Firms to upgrade the Tourism Industry (An Investment Perspective on Global Value Chains)
- Section 5: Tracking Tourism Economically
For review:
UNWTO Barometer May 2024 (excerpt)
WEF Travel and Tourism Development Index 2024 (pages 4-9)
WTTC Global Trends Economic Impact Report 2023 (pages 5-13)

Part Donald Sparks:
B1. "Globalization"
B2. "Globalization and International Linkages Ch.1"
B14. "The world is deglobalizing"
E2. "Slobalisation economist"
E3 " The end of globalisation economist"
E10. "Global Forecast report Q2_V5(1)"
F2. "Will the Coronavirus End Globalization as We Know it"
IB8. "Our Global Situation and Prospects"
W1. "De-globalization and Prospects"
D4. "Is a Fair Trade Policy Superior to a Free Trade Policy?"
B18. "Who cares about Fair Trade? An Introduction to the Journal of Fair Trade and the Fair Trade Society"
B21. "The Fairness of Fair Trade"
IB14. "Free Trade vs Fair Trade, Again"
B17. "The Economics of Fair Trade"
CT2. "COVID-19: From Temporary De-globalisation to a Re-discovery of Tourism?"
T1. "Social Costs of Tourism During the COVID-19 Pandemic"Part Hannah Messerli:
1.Tourism Economics and Policy by Larry Dwyer, Peter Forsyth and Wayne
Dwyer (Channel View Publications, 2010); Chapters 12-16.
2. Harnessing Tourism for Growth and Improved Livelihoods; Tourism in Africa
by Iain Christie, Eneida Fernandes, Hannah Messerli and Louise Twining-Ward
(Agence Francaise de Development and The World Bank Group, 2014) Accessed
at: http://elibrary.worldbank.org/doi/pdf/10.1596/978-1-4648-0190-7
3. Recent cases and readings on emerging topics as published

Assessment methods and criteria

Exam, Participation

Level of course unit

Master

Year of study

Fall 2025

Semester when the course unit is delivered

3

Language of instruction

English

Learning outcomes of the course unit

Course Description:
In this course students will be presented with the theoretical and framework that
explains free trade and protectionism. We will examine regional trade blocs
and a number of topical issues such as the future of globalization, trade wars,
free trade vs fair trade, emerging markets and economic development and international monetary issues.
The implications of these global economic concepts in tourism will be further explored through consideration of key economic activities such as global value chains, attracting investment, the measurement of tourism’s economic activity, and attention to taxation impacts.

Course Objectives
The objective of this course is to give students a better understanding of the
global economic environment and globalization and its application to tourism. After completing this course, students will: (a) be able to understand and explain why countries trade, who
wins and who loses and why countries engage in protectionism; (b) have
acquired the conceptional tools necessary to analyze global economic trends;
(c) be able to identify the key constraints and opportunities that countries face
in the global economy and in their tourism sectors; and, (d) apply an economic lens to tourism activities from the perspective of the public and private sectors.

Course contents

While this section of Global Economics provides an opportunity to learn
additional technical content (especially on economic measurement and
taxation), the goal will be for students to draw upon learning from all topics
presented throughout the course and apply these to international case
examples in a lively learning environment.

Planned learning activities and teaching methods

Interactive lectures, hypothetical scenario analysis, guided self-study, small group problem solving exercises (debates), team presentations and case analysis.

Work placement(s)

none