The Economic of Sports

Catalog description

This course applies the principles of economics to evaluate professional and amateur sports, including topics like the demand for sports, valuing and identifying athletic talent, the economic impact of sports franchises and mega-events like the Super Bowl or Olympics, labor markets, college sports and much more. Economic factors affect the behavior of participants in sports markets--owners, managers, players, and the media--just as they affect the behavior of individuals and firms in other markets. Students apply the tools of economic analysis, mostly from microeconomics, to help make sense of many issues in the world of sports. An essential contribution of sports is the wealth of data that allows economists to test important economic theories. No prerequisites.