Research Methods in Economic Systems of Tourism

Teaching results

In particular, students will acquire the following knowledge:
• The new institutional economic theory and the theory of transaction costs offer evidence of the
application of quantitative methods in the management of tourism enterprises, as it identifies the
source of transaction costs in the existence of imperfect information, the risk of opportunism and
specific assets.
• The student will get acquainted with the basic quantitative and statistical methods needed in
the analysis of economic systems in tourism, including the basics of descriptive, correlation and
regression analysis of cross-sectional data.
• The student theoretically distinguishes the type of data, i.e., he will be able to distinguish between
time, cross-sectional and panel data.
• In addition to basic statistical methods, the student will gain knowledge of the necessary
verification tests, including the possible occurrence of errors.
• The student will gain knowledge about the availability of suitable databases and information
resources.
Upon successful completion of the course, students will acquire the following skills:
• The student obtains data from available sources.
• The student applies basic analytical methods to input data.
• The student will be able to verify, test and reveal the basic methods of cross-sectional data analysis.
• The student will acquire basic skills in predicting time data using extra- and intrapolation methods.
Upon successful completion of the course, students will acquire the following competencies:
• Decision-making in conditions of information uncertainty.
• Analytical competencies.
• Decision-making based on objective data.
• Presentation and communication competencies.