| Course ID: | KINS 5560E/7560E. 3 hours. |
| Course Title: | Economic and Policy Analysis in Sport |
Course
Description: | Policy analysis in sport combined with a focused study on the use of economic tools to analyze policy issues in professional and amateur sports. The course applies microeconomic theory and econometric data analyses to behavior in profit-making and not-for-profit sports organizations and analyzes public investment decisions in sport. |
| Oasis Title: | Econ and Policy Analysis Sport |
| Duplicate Credit: | Not open to students with credit in KINS 5560 or KINS 7560 |
| Nontraditional Format: | This course will be taught 95% or more online. |
| Prerequisite: | KINS 3430 or KINS 3430E or ECON 4460/6460 |
Semester Course
Offered: | Offered fall semester every year. |
| Grading System: | A-F (Traditional) |
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| Course Objectives: | This course provides students with an in-depth understanding of the principles governing the formulation and implementation of efficient economic policies in institutions in amateur and professional sports. Students successfully completing the course will be able to:
1. Apply economic principles to policy decision making in sport.
2. Explain the unique economic structure of team sport leagues and resulting policy problems faced at the league level.
3. Apply the fundamentals of benefit-cost analysis to public and private decisions in sport.
4. Identify problems unique to professional sport and subject them to systematic and data-driven analysis.
5. Formulate appropriate solutions to sport economic problems, drawing on formal analysis and case studies.
6. Discuss the role of the legal system and application of antitrust and labor law to sport and the resulting effect on labor markets and labor policy in professional sports.
7. Evaluate public investment in sports facilities.
8. Critique amateur sport policies and amateur sport intuitions.
9. Discuss the relationship between educational policy and sport. |
| Topical Outline: | A. Economic Policy and Professional Team-Sports Leagues
1. Economic Models of Team-Sports Leagues
2. Profit Maximization, Revenue Sharing, Competitive Balance
3. Legal Structure for League Organization
B. Organization of Individual Sport Competition
C. Labor Markets and Labor Policy in Sport
1. The Reserve Clause, Unions, Strikes, Collective Bargaining
2. Labor and Antitrust Issues, Salary Arbitration
3. Contracts and Performance
4. Race and Gender: Discrimination Policy in Sports
D. Public Finance of Sports
1. Basics of Benefit-Cost Analysis
2. Economic Value of Sports Franchises to a City or Region
3. Publicly Financed Stadium Controversy
4. Contingent Valuation Methods
E. Policy Choices in Amateur and College Sports
1. Intercollegiate Athletics and the Academic Community
2. Cartel Economics of the NCAA
3. Education and Sports Policy
4. International Amateur Sports
a. Olympic Games
b. Other International Amateur Sport Topics |