ABSTRACT

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 enjoy and pass an economics module as part of tourism, recreation, events or sport management degrees. International in its outlook, it will equip you with vital skills and knowledge for your future career as well as critical skills to help you understand and help tackle crucial challenges facing the world.

It is written in a clear and 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. It concludes with a powerful critique of traditional economics and a set of twenty-one issues that demand action.

This sixth edition has been revised and updated to include:

  • recent and time series international economic data to provide a sense of the dynamics of world economies
  • topical analysis to aid decision making for industry, governments and pressure groups
  • a renewed emphasis on environmental and climate change issues
  • new and revised international case studies that demonstrate theoretical principles of economics as applied to the sector
  • a companion website with PowerPoint slides.

chapter Chapter 1|22 pages

Introduction

part I|50 pages

Organizations and markets

chapter Chapter 2|22 pages

Recreation, leisure and tourism organizations

part II|42 pages

Further issues of demand and supply

chapter Chapter 4|20 pages

Demand

Time preference, elasticity and forecasting

chapter Chapter 5|20 pages

Supply and costs

part III|46 pages

Markets in practice

chapter Chapter 6|20 pages

Market structure and pricing

chapter Chapter 7|24 pages

Market intervention

part IV|64 pages

The external operating environment

chapter Chapter 9|28 pages

The economic environment

part V|37 pages

Investment

chapter Chapter 10|18 pages

Investment in the private sector

chapter Chapter 11|17 pages

Investment in the public sector

part VI|55 pages

Economic impacts

chapter Chapter 12|28 pages

Income, employment and prices

chapter Chapter 13|25 pages

Economic development and regeneration

part VII|50 pages

The global economy

chapter Chapter 14|25 pages

The balance of payments and exchange rates

chapter Chapter 15|22 pages

Globalization

part VIII|91 pages

Environmental economics

chapter Chapter 16|27 pages

Environmental impacts

chapter Chapter 17|30 pages

Action for sustainability

chapter Chapter 18|31 pages

Critique, alternative perspectives and change