Tourism Economics


Included in study programs

Teaching results

The main educational goal of the course is to have comprehensive knowledge and understand the issue of quantification of overall economic effects of tourism at the macro- and mezzo level as well as measuring the position of tourism at different territorial levels and to know how to use them in interrelationships in tourism policy.
After completing the course, the student should be able to (level of knowledge and understanding):
- be able to identify and analyze the problems of quantification of primary and secondary economic benefits of tourism in the area
- understand different sources of information,
- demonstrate the ability to critically assess various data with a view to their use to measure the benefits of tourism, understanding their methodological background and informative value
- identify the negative impacts of tourism in the area and master the tools for their possible quantification
After completing the course, the student should be able to (skills and competences):
- have the ability to correctly methodically set the solution of assignments aimed at quantifying the economic effects of tourism in the area in practice
- ability to construct economic and socio-economic indicators of quantification of economic benefits of tourism in different territories, taking into account their specifics
- demonstrate the ability to search for relevant data from different sources and to interpret them correctly
- be able to use the knowledge gained to set up tourism policy instruments at different territorial levels

Indicative content

The course is focused on the methodology of evaluating the position of tourism in the economy of a country or region and quantification of its economic effects. In this context, it deals with the information system in tourism, the diversity of data, their methodological background and the informative value of data in the construction of economic, respectively socio-economic indicators. Part of the course is the current evaluation of tourism performance at various territorial levels.

Support literature

Základná literatúra:
1. MICHÁLKOVÁ, A, et. al.: Economics of Tourism. Regional aspects. České Budějovice: Vysoká škola evropských a regionálních studií, 2023. 138 s. ISBN 978-80-7556-121-3
Odporúčaná literatúra:
1. DWYER, Larry, FORSYTH, Peter a DWYER, Wayne. Tourism Economics and Policy. Bristol: Channel View Publications, 2020. ISBN 978-1-84541-731-4. DOI:
2. MICHÁLKOVÁ, Anna - KUBIČKOVÁ, Viera - GÁLL, Jozef. Sectoral Tourism Concentration in the Context of the Regional Policy. In Ekonomický časopis : časopis pre ekonomickú teóriu, hospodársku politiku, spoločensko-ekonomické prognózovanie [online]. Bratislava: Ekonomický ústav SAV : Prognostický ústav SAV, 2020, roč. 68, č. 10, s. 1105-1125. ISSN 0013-3035.
3. MICHÁLKOVÁ, Anna - ÖZOĞLU, Martina. Importance of domestic tourism consumption and its connection to tourism employment. 23rd International Joint Conference CENTRAL AND EASTERN EUROPE IN THE CHANGING BUSINESS ENVIRONMENT PROCEEDINGS. Bratislava: Vydavateľstvo Ekonóm, 2023, s. 144. ISBN 978-80-225-5064-2
4. MICHÁLKOVÁ, Anna - ÖZOĞLU, Martina - GÁLL, Jozef.: Zamestnanosť v cestovnom ruchu a schopnosť odvetví vytvárať nové pracovné miesta. In Súčasnosť cestovného ruchu v trajektórii budúcnosti. Zlín: Radim Bačuvčík - VeRBuM, 2020. ISBN 978-80-88356-05-9.


1. Introduction to economics of tourism, definition of basic concepts. Economic goals of tourism development in the Slovak Republic formulated in strategic documents. 2. Specifics of measuring economic effects in tourism. 3. Economic benefits generated by tourism on a global scale. Measurement methodology and data sources of world tourism, current status based on selected tourism indicators according to world regions. 4. Economic benefits generated by tourism in Slovakia, measurement methodology and data sources, current status based on selected capacity and performance indicators of tourism, comparison of V4 and EU countries. 5. The position of tourism in the economic structure of the country. Tourism balance. The essence, function, netto foreign exchange effect of tourism, tourism indicators based on the tourism balance. 6. Primary economic benefits of tourism and their measurement on the supply and demand side. 7. Tourism Satellite Account - the essence and its importance, methodological framework, diversity of data sources. Satellite account indicators. 8. Value creation in tourism, value chain. 9. Secondary economic benefits of tourism 10. Employment in tourism - its characteristics and measuring the impact of tourism on employment. 11. Regional economy of tourism. Territorial distribution of economic activities of tourism and sectoral concentration of tourism in the territory. 12. Methodology for measuring economic benefits at the regional and local level, data sources. 13. Negative economic effects of tourism and possibilities of their measurement. Leakages from the economic area.

Requirements to complete the course

30 % semester project;
70 % written examination

Student workload

Total: 182 hours
Lectures: 26 hours
Seminars: 26 hours
Individual preparation for seminars: 13 hours
Processing of the semester project 63 hours
Individual preparation for the examination: 54 hours

Language whose command is required to complete the course


Date of approval: 09.02.2023

Date of the latest change: 03.03.2024