BUSINESS ECONOMICS IN TOURISM AND HOSPITALITY

1. Explain properly and interpret the notions of business economics in tourism and hospitality.
2. Collect, analyze and evaluate quantitative and qualitative data and pieces of information relevant to business management.
3. Interpret quantitative and qualitative methods and models in business in tourism and hospitality.
4. Explain the legislation and standards in tourism and hospitality.
5. Interpret and analyze financial statements and information, measures of monetary and fiscal policy, and international capital flow.
6. Analyze macro- and microeconomic environment, models and policies in  tourism and hospitality.
7. Identify and differentiate business system elements and evaluate different organizational solutions in tourist and hospitality facilities.
8. Apply information and communication technology in business.
9. Collect data and suggest solutions to simpler problems in the field of tourism and hospitality.
10. Manage business communication at appropriate levels, regardless of geographic and cultural origin in the field of tourism and hospitality.
11. Evaluate and propose a suitable development strategy, business plans and budget.
12. Take personal and team responsibility on the principles of ethical and social responsibility in order to manage professional development.
13. Manage business activities in the field of business economics  at the national, EU and international level in tourism and hospitality.
14. Identify trends in offer of catering facilities and evaluate quality and food safety features.
15. Describe and compare appropriate activities for events and specific forms of tourism
16. Analyze variables and trends from the economic environment related to tourism development.
17. Identify and present elements of the management process of human, financial, material and information resources.
18. Identify the peculiarities of business policies, processes and activities in the hotel industry.
19. Define the competitive edges of business entities in tourism and hospitality under the conditions of diverse risks and turbulences in the domestic and international markets.
20. Interpret properly and explain the supply and demand on the tourism market.
21. Differentiate properly the characteristics of transport branches in tourism.
22. Take responsibility for more complex jobs in tourism and hospitality

In addition to the aforementioned learning outcomes, through the majority of courses, personal skills and competences are developed, including communication skills, learning abilities, independent work, research skills, teamwork, economic logic development and others.