SM 624 - Sports Economics

Prerequisites: EC 601 or micreoeconomics equivalent, QA 604, or consent of instructor. This course focuses on the economic aspects of American sports. Among these issues are fan demand, advertising, team output decisions, league/conference organization, and government involvement in sports. The course will explain how winning is a determinant of demand, how profit motives drive quality choices, the effects of monopoly power, labor-management relationships, and government's role in professional sports while teaching fundamental microeconomic concepts. The course provides students with a framework to demonstrate how the economy works. From this framework, students will be able to apply the models learned to demonstrate and appreciate a wide range of economic and social issues.
3 credits