EC 316 - The Economics of Sports

3 Credit(s)

This course is a microeconomic analysis of the various markets that encompass the sports industry. The contemporary economic issues in professional and college sports are examined. Such topics as the sports industry, market structure and performance, the market for franchises, rival leagues, barriers to entry and expansion are analyzed. The various behaviors in the markets such as cooperation, collusion, player compensation, labor unions, strikes, and lockouts are discussed. Various public policy issues such as antitrust, subsidies of new stadiums, and inducements by city and states to keep or attract teams are covered.
Prerequisite(s): EC 202 or equivalent.