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Hospitality Economics
Hospitality Economics focuses on applying economic principles to analyze the hospitality industry. You will learn how to use rigorous economic theories and models to analyze the functioning of the hospitality industry and its current trends. We will focus on micro-foundations and analyze the impact of the hospitality industry on the aggregate economy.
Schedule
| Week 1 | Economic fundamentals Introduction to Micro economics The Hospitality Industry |
|---|---|
| Week 2 | Microeconomics and the hospitality industry Price discrimination Game theory Asymmetric information Two sided-markets |
| Week 3 | Macroeconomics and the hospitality industry Good markets and Fiscal Policy Financial markets and Monetary Policy |
| Week 4 | Empirical analysis |
| Week 5 | Final assessment |
Learning Outcomes
- Understand and analyze the economic workings and the economic environment of a wide range of hospitality businesses
- Identify the structure of the market in which your firm operates and define your optimal pricing strategies
- Understand how different economic incentives affect agents’ behavior and thus how to interact with your competitors on the market
Who Should Join
This course is designed for hospitality professionals, hotel owners, consultants, economists and any professional wishing to enter the hospitality industry to update their skills and learn about hotel micro- and macro-economics.
Course Advantages
- A learning manager moderates the course
- An online course accessible whenever and wherever
- Course content based on EHL’s MBA in Hospitality program
- A Certificate of Achievement delivered and certified by EHL
Course overview
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Next intakes 15 March 2021
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Length 5 weeks
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Effort 8 hours / week
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Course delivery Online
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Language English
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Price CHF 2,200
