2014/2015
KAN-CCMVV2002U The Economics of Sports
| English Title |
| The Economics of
Sports |
|
|
| 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 |
|
|
| 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
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