ECF2450

Sports economics ( 6 points, SCA Band 2, 0.125 EFTSL)

Leader: Dr Ross Booth

Offered:
Caulfield Second semester 2005 (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: Mid-semester test: 20% + Case Study: 20% + Examination (2 hours): 60%

Contact Hours: 3 hours per week

Prerequisites: ECF1100

Prohibitions: ECC2450, ECW2450