Course Description

The sports industry is analyzed from an economic perspective through the lens of league competitiveness and collusion, revenue-sharing, player compensation, salary caps, free agency, antitrust issues surrounding both professional and collegiate athletics, and the economics of sports stadiums and arenas.

Learning Objectives

At the end of the course, students should achieve the following capabilities:

• Apply microeconomic techniques to all sports settings through the examination of real-world issues and problems.

• Employ statistical analysis to test some of the theoretical predictions of the models in the sports literature.

• Increase your ability to apply economic tools to everyday events.

• Upon completing this course, you will have more insight into the economic issues involved in sport and how conventional wisdom is often misguided. My main objective, however, is that you will watch sports and read sporting news through the eyes of an economist.

Prerequisite(s)

Background in Microeconomics and comfort with Algebraic problem solving.