Tribhuvan University
Bachelor of Travel and Tourism Management
Semester 1 · TU Board 2023
Course Title: Tourism Economics (TTM307)
Full Marks: 60Pass Marks: 30Time: 3 Hrs
Candidates are required to give their answers in their own words as for as practicable.
Group A
Brief Answer Questions(10 × 1 = 10)
- 1.1
Price elasticity of demand for gold is 1.75. What does it indicate?
- 2.1
Differentiate scarcity and choice.
- 3.1
What is tourism demand forecasting?
- 4.1
What are the phases of business cycle?
- 5.1
Write any two differences between real GDP and nominal GDP.
- 6.1
How the investment decisions are made through the net present value (NPV) method?
- 7.1
Prepare a list of uses of microeconomics in tourism business.
- 8.1
What is tourism satellite account?
- 9.1
What are the generating area economic variables influencing tourism demand?
- 10.1
What is macroeconomics?
Group B
Short Answer Questions(6 × 5 = 30)
- 11.5
Explain the concept of linear and non-linear demand function.
- 12.5
Explain the advantages and disadvantages of the flexible exchange rate system.
- 13.5
Show the relationship between marginal propensity to consume (MPC) and average propensity to consume (APC) with the help of table and diagram.
- 14.5
Explain the current situation of tourism sector in Nepal.
- 15.5
Discuss the levels of choice in travel and tourism Demand.
- 16.5
Explain the interrelationship between leisure and tourism.
Group C
Comprehensive Answer Questions(2 × 10 = 20)
- 17.10
Explain the causes of demand-pull inflation. What types of fiscal and monetary measures would you suggest to control the inflationary pressure?
- 18.10
Explain the role of private and public organizations in the development of travel and tourism.
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