Economics for Students in the Service, Hospitality and Tourism AP Programme is a comprehensive guide designed to introduce essential economic concepts to students studying within the service, hospitality, and tourism sectors. The book is organized into four main chapters that cover Financial Statement and Analysis, Optimization of Price and Demand, Budgeting, and Investments and Financing. In addition, readers are provided with an insightful introduction to the hotel, restaurant, and tourism industries. Practical cases and examples from the field are closely tied to broader economic theories, as well as specific figures and concepts tailored to the unique demands of this sector. Now in its third edition, this book continues to be a valuable resource for students in the AP programme, seamlessly linking fundamental economic principles with real-world applications in the service, hospitality, and tourism fields.
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