| Course ID: | ECON 4060. 3 hours. |
| Course Title: | Economic Analysis of Sport |
Course
Description: | Economic analysis of aspects of the sports industry e.g.,
incentives that influence actions of players, teams, leagues,
and governments; economic impact of teams and special events;
analytic tools for the sports industry. |
| Oasis Title: | Economic Analysis of Sport |
| Prerequisite: | ECON 2105 or ECON 2105H or ECON 2105E or ECON 2106 or ECON 2106H or ECON 2106E |
Semester Course
Offered: | Offered fall and spring semester every year. |
| Grading System: | A-F (Traditional) |
|
| Course Objectives: | Students who complete this class will better understand how a
sports league organizes its activities, maximizes its profit,
promotes competition among its members, and negotiates with
both players and governments. Students will also see how
advances in analytic techniques and data collection have
influenced both roster decisions and in-game strategy. |
| Topical Outline: | 1. Review of economic tools: opportunity cost, supply and
demand, elasticity, profit maximization, prisoners' dilemma
2. Objectives of team owners
3. Structure and purpose of a sports league
4. Ticket pricing, television, and other revenue sources
5. Competitive balance as a goal and a justification
6. Team/league relations with players/union: history and recent
disputes
7. Market for player labor and player salaries
8. Discrimination in sports
9. Economic impact of teams and special events
10. Public financing of sports stadiums
11. College sports: why the connection, current issues
12. Analytics: roster construction and game decisions
13. Data revolution
14. Recent research on incentives, decision making, dishonesty,
discrimination, etc. |