The course "Macroeconomics in Tourism" aims to introduce students to the basic concepts and principles of the science of macroeconomics and to demonstrate their application in the contemporary environment, with an emphasis on the connection between theory and practice. The course topics include the presentation, analysis, and interpretation of economic data. Additionally, it includes case studies and international examples from the tourism and hospitality industry, as well as other sectors.

• To acquire the necessary theoretical background in Macroeconomics and understand the basic concepts, principles, and issues.
• To recognize the significant role played by the science of Macroeconomics, emphasizing the connection between theory and practice.
• To become familiar with the application of theoretical principles in a practical context.
• To understand the importance of Macroeconomics in the tourism and hospitality sector.
• To analyze and interpret economic data in order to facilitate the decision-making process for stakeholders in the leisure and tourism industry.
• To collaborate, seek, and gather the necessary information for the composition and presentation of their projects.

Introduction to Macroeconomics

Macroeconomic Variables

Gross Domestic Product

Unemployment and Inflation

Presentation, analysis, and interpretation of secondary data

Policy responses to unemployment and inflation

The cost of inflation

Concept and roles of money

Applications-Exercises

Presentation of assignments and discussions

Summary and course evaluation

Burda Michael - Wyplosz Charles (2018) Periklis Gogas, Theofilos Papadimitriou (eds.), Macroeconomics: A European Approach, Athens: Tziola. [in Greek]

Cowen T., Tabarrok A. (2019). Modern Principles of Macroeconomics, Athens: Papazisis. [in Greek]

Krugman Paul, Wells Robin, (2018). Ioannidis A, Papatheodorou Ch. (eds.), Macroeconomics in Teaching Modules, Athens: Gutenberg. [in Greek]

Mankiw N. Gregory, Taylor P. Mark (2021) Athanasios Maniatis, Anastasia Litina (eds.), Economics (Macroeconomics), Athens: Tziola. [in Greek]

Parkin Michael (2020). Stavros Zografakis, Georgios Papadiodorou (Scientific Editing), Macroeconomics, Athens: Rosili. [in Greek]

Lectures with active involvement and participation of students

Documentaries and discussion

Invited lectures-presentations of case studies

Applications-Exercises

Presentation of applications-exercises-projects by the students

Use of ICT in Teaching: Electronic Classroom Management System (Open eClass), Powerpoint slides, lecture notes in pdf, spreadsheets, appropriate softwares, internet and videos

Use of ICT in Communication: Communication with students is achieved through the use of the Electronic Classroom Management System (Open eClass) and e-mail

Applications-Exercises-Projects

Independent individual/group optional project

Final examination

The evaluation criteria are made known to the students at the beginning of the course.