Economics 285 - Economics of Sports

Institution:

Bard College

Subject:

Description:

Economics is all about the choices made by individuals, firms, and governments to cope with scarce resources. In sports, the behaviors of consumers, athletes, teams, leagues, cities, and states are public knowledge, and in this context we can see whether those behaviors follow patterns predicted by economic theory. A section on industrial organization looks at competition within and between leagues, as well as the impact of monopolies, cartels, and other forms of cooperation. Public sector issues include the relationship between cities and their teams, team relocation, and the costs and benefits of sports franchises. Finally, the course examines labor economics to shed light on how player salaries are determined, the relationship between athlete compensation and performance, and the peculiar case of amateur and college sports. Prerequisite: Economics 101.

Credits:

4.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.bard.edu

Phone Number:

(845) 758-6822

Regional Accreditation:

Middle States Association of Colleges and Schools

Calendar System:

Semester

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