THM 15: Economics for Tourism

Module 1

Learning Outcomes

After completing this module, you will be able to

1. define the key concepts of economics;

2. describe the nature of economics;

3. identify the economic activities of man

4. discuss the economic choices,

5. describe the approaches of economics;

6. solve linear equations in preparation for solving the demand and supply function; and

7. illustrate production possibilities frontier.

Performance Indicator/Assessment tools

You are expected to

1. write a reflection paper related with the topics in the module;

2. answer the given economic activities;

3. solve the set problems given; and

4. answer the given quizzes per module.