ECO 4100 - Sports Economics

Credits: 3

Description: This course applies basic price theory principles to US and international professional sports and intercollegiate sports. Supply and demand for sports is examined with an emphasis on sport market outcomes, such as league formation and the desirability of competitive balance. Students will understand how different market structures determine franchise revenues and player salaries. Students will recognize how collective bargaining theory applies to professional athletics. Public policy is evaluated as it relates to tax/publicly-financed stadiums and franchise subsidies. An understanding of the workings of intercollegiate athletics is emphasized.