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ECC2450 - Sports economics

6 points, SCA Band 2, 0.125 EFTSL

Undergraduate Faculty of Business and Economics

Leader: Dr Ross Booth

Offered

Clayton Second semester 2007 (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%
Individual class paper: 20% Tutorial participation: 10%
Examination (2 hours): 50%

Contact hours

3 contact hours per week

Prerequisites

ECC1000

Prohibitions

ECF2450, ECW2450