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2014/2015  KAN-CCMVV2002U  The Economics of Sports

English Title
The Economics of Sports

Course information
Language English
Course ECTS 7.5 ECTS
Type Elective
Level Full Degree Master
Duration One Semester
Course period Spring
Timetable Course schedule will be posted at calendar.cbs.dk
Study board
Study Board for MSc in Economics and Business Administration
Course coordinator
  • Battista Severgnini - Department of Economics (ECON)
Administrator: Ida Lyngby - il.eco@cbs.dk
Main academic disciplines
  • Economics, macro economics and managerial economics
Last updated on 18-02-2014
Learning objectives
After completing this course, the students should be able to:
  • Analyze the main issues of sport using economic tools.
  • Study the management decisions of professional sports organizations.
  • Identify critical challenges that all professional sport teams and leagues have to face both in competitive and business environments.
  • Understand the distinctive features of sports at both league and at team level.
  • Develop a well-defined and coherent research question in regard to the course topic
  • Identify relevant literature and prove evidence of a comprehensive knowledge of the literature and the theories
  • Answer a research question in a comprehensible, precise and logical manner in a paper matching the formal standards of academic writing
Course prerequisites
The course requires a basic knowledge of microeconomics and applied econometrics.
Examination
Individual home assignment:
Exam ECTS 7,5
Examination form Home assignment - written product
Individual or group exam Individual
Size of written product Max. 15 pages
Assignment type Written assignment
Duration Written product to be submitted on specified date and time.
Grading scale 7-step scale
Examiner(s) One internal examiner
Exam period Summer Term and May/June
Make-up exam/re-exam
Same examination form as the ordinary exam
Description of the exam procedure
In order to qualify for the examination the students must write a proposal, which has to be approved by the course teacher.
Course content and structure

The aim of this course is to understand the economic aspects of professional sports. Sport represents a significant part of the GDP in most OECD countries and involves several important issues which can be answered employing the basic principles of business, economics and econometrics.
The structure of this course could be divided into three parts. The first part of the course will analyse the demand for sports and the composition of team and league revenues. The organization of leagues, tickets and revenues, advertising and the role played by media will be studied. The second part will deal with the labor markets in professional sports - in particular, how players’ salaries are determined and how they impact on competitive balance and accounting. Finally, the third part will show new issues that are affecting professional sports, such as gambling, cheating and doping.
 
Outline of the course

 

1. The industrial organization of sports: Financial and account aspects

  • Team revenues and the demand for sports
  • Media and TV rights
  • Marketing and advertisement

 2. Labor markets in professional sports:

  • Contracts and sport agents
  • Players’s salaries, discrimination players as superstars and tax considerations

3. New issues:

  • Betting markets
  • Cheating and corruption
  • Doping.
Teaching methods
Lectures
Student workload
SAT 225 hours
Expected literature

Blair, Roger D., Sport Economics, Cambridge University Press, last edition.
 
Additional optional readings will be posted on the website of the course.
 
Last updated on 18-02-2014
 



Course information
Language English
Course ECTS 7.5 ECTS
Type Elective
Level Full Degree Master
Duration One Semester
Course period Spring
Timetable Course schedule will be posted at calendar.cbs.dk
Study board
Study Board for MSc in Economics and Business Administration
Course coordinator
  • Battista Severgnini - Department of Economics (ECON)
Administrator: Ida Lyngby - il.eco@cbs.dk
Main academic disciplines
  • Economics, macro economics and managerial economics
Last updated on 18-02-2014