Sports Economics

Catalog description

Credits 3. 3 Lecture Hours. Application of microeconomic theory to the business and practice of sports; analyzes market structure, pricing and competition in sports industries; concepts of market power, antitrust policy and valuation of long-term assets; explores strategic behavior using game theory and the effects of imperfect information on decision-making; examines public finance aspects such as stadium subsidies and distributional impacts; emphasizes how sports contexts illustrate broader economic principles and empirical testing of models of behavior. Prerequisite: Grade of C or better in ECON 202 .