ECC2450

Sports economics (6 points)

(BUS)

Leader: Dr Ross Booth

Offered:
Clayton Second semester 2003 (Day)
Clayton Second semester 2004 (Day)

Synopsis: This unit will cover: demand for sport, sports revenues, the economics of sports broadcasting, the pricing of sports events; why professional team sports leagues form, whether clubs are profit-maximisers or win-maximisers, remedies for competitive imbalance such as player drafts, salary caps and revenue sharing, the role of player associations in professional sport; government subsidies in sport, the economic impact of sports events, stadium financing; case studies of professional team sports leagues in Australia, North America and Europe; the effect of competition policy, globalisation in professional sport, future directions in sport.

Assessment: Class presentation: 10% + Mid-semester test: 20% + Examination (2 hours): 70%

Contact Hours: 3 contact hours per week

Prerequisites: ECC1000 or equivalent

Prohibitions: ECF2450