Unit of Study HOTL3005 Economics and Risk in Hospitality (2024)

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Unit Snapshot

Unit type

UG Coursework Unit
Credit points

12
Faculty & College

Educational Partnerships Board
Placement

No

Unit description

Introduces students to the fundamental economic principles that are used to analyse and understand performance and develop strategy in the hospitality industry. Students focus on the role of risk analysis and risk mitigation in implementing strategy.

Unit content

Economics of Hospitality
Economics and Risk Management in Accommodation Operations
Economics and Risk Management in Food and Beverage Operations
Economics and Risk Management in Human Assets
Economics and Risk Management in Non-human Assets
Risk and Hazard Control Processes

Availabilities

Location	Domestic	International
Brisbane - The Hotel School	Summer Term Term4	Summer Term Term4
Melbourne - The Hotel School	Summer Term	Summer Term
Sydney - The Hotel School	Summer Term	Summer Term

Learning outcomes

Unit Learning Outcomes express learning achievement in terms of what a student should know, understand and be able to do on completion of a unit. These outcomes are aligned with the graduate attributes. The unit learning outcomes and graduate attributes are also the basis of evaluating prior learning.

On completion of this unit, students should be able to:

demonstrate knowledge of the key theories that explain the economics of the hospitality industry;

identify and critically analyse the performance of a hospitality business using economic theories;

demonstrate the capability to identify risks and propose mitigation strategies in the hospitality industry;

demonstrate the knowledge and skills to reflect upon the challenges of managing risk in the hospitality industry.

Teaching and assessment

Teaching method

Tutorial 3 hours (Weekly)

Assessment
Presentation	30%
Report	40%
Quiz	30%

Teaching method

Tutorial 3 hours (Weekly)

Assessment
Presentation	30%
Report	40%
Quiz	30%

Teaching method

Tutorial 3 hours (Weekly)

Assessment
Presentation	30%
Report	40%
Quiz	30%

Prescribed learning resources

Prescribed Texts

No prescribed texts.

Prescribed Resources/Equipment

No prescribed resources/equipment.

Prescribed Texts

No prescribed texts.

Prescribed Resources/Equipment

No prescribed resources/equipment.

Prescribed Learning Resources may change in future Teaching Periods.

Fee information

Domestic

Commonwealth Supported courses
For information regarding Student Contribution Amounts please visit the Student Contribution Amounts.

Fee paying courses
For postgraduate or undergraduate full-fee paying courses please check Domestic Postgraduate Fees OR Domestic Undergraduate Fees.

Find out more for domestic fees