This chapter discusses some concepts and tools in macroeconomics and microeconomics that are most relevant to tourism. One of the most fundamental concepts is the nature of tourism as an economic activity. The World Tourism Organization defines tourism as a demand-side activity, that is, something...

This chapter analyses the workings of the aggregate economy and offers explanations for macroeconomic phenomena. It covers: the circular flow of income; the level of aggregate demand; employment; inflation; the quantity theory of money; economic growth; and the costs of economic growth.

This text provides an introduction to economics for students of agriculture, the rural sector and related topics in universities and colleges. This introduction describes universal economic principles. It is not a book on the economics of agriculture but one of general economics, illustrated...

One of the first topics addressed in this chapter is the nature of an 'industry' and the related question of whether tourism can be considered to be an industry. This leads into concepts such as commodities and the challenges of measuring the economic magnitude of tourism and its contributions to...

This chapter brings together a comprehensive collection of the macroeconomic and microeconomic data on farm household incomes in the EU and some other OECD countries, and presents the empirical evidence by which the income situation of agricultural households can be judged within a policy context....

This chapter provides the macroeconomic context within which other chapters analyse agrifood issues and the consequences of the Serbia's accession to the EU. After a brief overview of Serbia and its economy in section 2.2, section 2.3 gives information on the economic growth, inflation, employment, ...

This chapter gives a broad macro- and microeconomic background to the challenge of multifunctional development. The chapter also discusses agritourism and rural tourism within the concept of multifunctional rural development, with special attention given to the conditions that influence or may...

This paper draws on a decade of research at the Center for International Forestry Research on the underlying causes of deforestation in tropical forests, supplemented with selected empirical results from other sources. The impacts of a resource boom as an example of impacts from an extra-sectoral...

This chapter presents a case study focusing on the influences of external policies on forestry development in Tanzania. The specific objectives are to identify the main cross-sectoral policy issues, report any successful policy instruments in dealing with these policy issues, and make...

This book provides an explanation of universal economic principles that are illustrated primarily by examples drawn from agriculture, rural areas and the food industry. Topics covered by the 10 chapters include: the meaning of economics; the theory of consumer choice; demand and supply; markets and ...