SMGT 6624 - Sports Economics

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.