Unit 1: Fundamentals of Tourism Economics

Contents:
Fundamentals of economic principles and their application in tourism business: how people make decisions, and how people interact; Concepts of microeconomics and macroeconomics; Tourism economics: nature and scope; Composition of the tourism industry and its product: suppliers’ and tourists’ views; Concept of free and scarce resources in tourism; Controlling and rewarding resource use; Interrelationship between tourism and other sectors of the economy; Leisure and tourism: concepts and determinants; Growth of leisure and tourism in global perspective; Rural tourism: concepts, drivers, and types; Factors influencing rural tourism motivation; ICT and rural tourism; and Impact of rural tourism.

Prakash Chand Thakury

This study notes is prepared by Mr.Prakash Chand Thakury (Student from Sudur Pachimanchal College, Dhangadi, Nepal). “Thank you for your important contribution, We value you and your immense efforts”.

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