eco3eos sports economics
SPORTS ECONOMICS
ECO3EOS
Not currently offered
Credit points: 15
Subject outline
The aim of this subject is to identify the constraints and opportunities that will affect the ability of sports to survive in an increasingly competitive, global marketplace. Particular emphasis will be placed on examinations of both North American and European professional sports, as well as indigenous games, such as Australian Rules football. Topics covered will include: labour markets in various sports, including the effectiveness of regulations such as player drafts and salary caps, the ways in which sports have coped with recent substantial increases in revenue and costs; the identification of the market for particular sports and the extent of competition within those markets; and the extent to which the commercialisation of sport is inconsistent with the traditions and cultures of individual sports.
SchoolLa Trobe Business School
Credit points15
Subject Co-ordinatorLiam Lenten
Available to Study Abroad StudentsYes
Subject year levelYear Level 3 - UG
Exchange StudentsYes
Subject particulars
Subject rules
Prerequisites ECO1DSM or BUS1BUE or ECO1IMI
Co-requisitesN/A
Incompatible subjectsN/A
Equivalent subjectsN/A
Special conditionsN/A
Learning resources
Readings
| Resource Type | Title | Resource Requirement | Author and Year | Publisher |
|---|---|---|---|---|
| Readings | Sports Economics, 3rd. ed. | Prescribed | Fort, R.D. | PEARSON-PRENTICE HALL, UPPER SADDLE RIVER, N.J., 2010 |
| Readings | The economics of sports 4th ed. | Prescribed | Leeds, M. and von Allmen, P. | PEARSON EDUCATION , BOSTON, 2011 |
Graduate capabilities & intended learning outcomes
01. Analyse the role played by Governments at various levels in the sports industry, such as regulation and/or funding of sporting teams, events and stadia, as it applies to policy
- Activities:
- Lecture case studies and other exercises, tutorial questions and discussions, use of short videos and other media material
- Related graduate capabilities and elements:
- Writing(Writing)
- Speaking(Speaking)
- Information Literacy(Information Literacy)
02. Apply microeconomic concepts to the sports economics industry such as: demand, elasticity, total revenue and marginal revenue to undertake critical analyses of the sports industry
- Activities:
- Lectures and tutorial questions and discussions, use of short videos and other media material
- Related graduate capabilities and elements:
- Speaking(Speaking)
- Writing(Writing)
- Critical Thinking(Critical Thinking)
- Inquiry/ Research(Inquiry/ Research)
- Information Literacy(Information Literacy)
03. Communicate verbally (and do so effectively) the curriculum material of the subject as dictated by the ILOs above
- Activities:
- Tutorial discussions with fellow tutorial group members and tutor
- Related graduate capabilities and elements:
- Speaking(Speaking)
04. Comprehend various objectives in sports that are different from simple 'profit-maximisation', and apply one of these objectives (win-maximisation) to evaluate how different outcomes are produced
- Activities:
- Lectures and tutorial questions and discussions
- Related graduate capabilities and elements:
- Inquiry/ Research(Inquiry/ Research)
- Creative Problem-solving(Creative Problem-solving)
- Critical Thinking(Critical Thinking)
05. Critique some alternative regulatory policies that a league may put into place in order to increase competitive balance between teams, and describing some of the side-effects that they may generate
- Activities:
- Lecture case studies and other exercises, tutorial questions and discussions
- Related graduate capabilities and elements:
- Inquiry/ Research(Inquiry/ Research)
- Writing(Writing)
- Information Literacy(Information Literacy)
- Critical Thinking(Critical Thinking)
06. Explain why variation in revenue between teams is a major source of competitive imbalance between teams on the field, and hence tension between teams
- Activities:
- Lecture case studies and other exercises, tutorial questions and discussions
- Related graduate capabilities and elements:
- Speaking(Speaking)
- Writing(Writing)
- Creative Problem-solving(Creative Problem-solving)
- Critical Thinking(Critical Thinking)
- Information Literacy(Information Literacy)
- Inquiry/ Research(Inquiry/ Research)
07. Interpret diagrams and analyse economic models relating standard economic tools to explain the economic behaviour of sports teams and leagues
- Activities:
- Lecture exercise and written tutorial exercise, use of short videos
- Related graduate capabilities and elements:
- Critical Thinking(Critical Thinking)
- Information Literacy(Information Literacy)
- Writing(Writing)
- Creative Problem-solving(Creative Problem-solving)
Subject options
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