Tourism Development Custom Essay

This module explores economic and property development. In the part it outlines the working of the market to allocate resources and considers the rationale for market intervention, particularly as it concerns the tourism industry.
Countries in the European Economic Community (EEC) have suffered in the recession. Select one of the EEC countries and imagine you were the Prime Minister of that country. Write an essay in three parts: (A) history of the current economic crisis in that country; (B) the current tourist economic situation and (C) what you would do in the future to activate tourism if you remained as Prime Minister.
You should use relevant economic ideas to develop your arguments clearly and logically.

Assessment:

1. Essay on Economic aspects of tourism (30%)

Countries in the European Economic Community (EEC) have suffered in the recession. Select one of the EEC countries and imagine you were the Prime Minister of that country. Write an essay in three parts: (A) history of the current economic crisis in that country; (B) the current tourist economic situation and (C) what you would do in the future to activate tourism if you remained as Prime Minister.
You should use relevant economic ideas to develop your arguments clearly and logically. Your essay should be 1,500 words long and should be submitted on or before the 25th February 2014.
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The marking criteria will be: Marks%
1 Understanding: the underlying causes of the recession 25
2 Understanding of the current situation with regard to tourism supply and demand 25
3 Your ideas for regenerating the tourism industry 30
4 Spelling, grammar, presentation 10
5 Correct referencing (using Harvard) 10
TOTAL 100%

Essential Reading
Isaac, D (2002) Property Valuation Principles, Palgrave

Millington, A F (2000) Property Development , London Estates Gazette

Scarrett Douglas Property Valuation the 5 Methods, Spon, reprinted in 2000

Tribe J (2005) The Economics of Recreation Leisure and Tourism Butterworth Heinemann ebook

Further Reading
Bannock G. Baxter, R.E. and Davis, E. (1972) Dictionary of Economics, 6th edition London, Penguin
Brett, M. (1997) 2nd Ed. Property and Money. London. Estates Gazette.
Bishop, M. (2003), Economics – and A-Z Guide, The Economist
Bull, A. (1995), The Economics of Travel and Tourism, Longman
Datta, S. (2011), Economics: making sense of the Modern Economy, 3rd Edition, Economist Books
Sharpley and Telfer (2002) Tourism Development: Concepts and Issues Channel View Publications
The Economist (weekly magazine of economic news available through the library services)

Property/Valuation
Johnson, Davies, Shaperio (2000) Modern Methods of Valuation. London. Estates Gazette.

Baum, A (2002) Commercial Real Estate Investment. London. Estates Gazette.

Enever, N. (2002) The Valuation of Property Investments. London. Estates Gazette.

Marshall & Williamson (1997) Law and Valuation of Leisure Property. London. Estates Gazette.

Assessment Criteria:
1. Knowledge and understanding
2. Content
3. Clarity and development of arguments
4. Quality of Recommendations/conclusions
5. Standard of Presentation-(grammar, referencing)