Monash University Handbooks 2008

ECW2450 - Sports economics

6 points, SCA Band 3, 0.125 EFTSL

Undergraduate Faculty of Business and Economics

Leader: Mr Peter Schuwalow

Offered

Peninsula Second semester 2008 (Day)

Synopsis

This unit will cover: the 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.

Objectives

The learning goals associated with this unit are to:

Assessment

Within semester assessment: 50%
Examination (2 hours): 50%

Contact hours

Three contact hours per week

Prerequisites

ECW1101

Prohibitions

ECC2450, ECF2450

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