ECF2450 - Sports economics

Leader: Dr Ross Booth

Offered

Caulfield 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 hours per week

Prerequisites

ECF1100

Prohibitions

ECC2450, ECW2450