Sports economics

Academic year: 2010-2011 Course code module FTEBAK3270 Semester: 2nd semester Credits: 6 Study load (hours) 168 Theory (hours): 30,00 Practice/Exercises(hours): Other (hours): Part-time program: Instructor(s) Stefan Kesenne Language of instruction: English Semester exam information: exam in the 2nd semester Contract restriction information: 1. Prerequisites *Algemene competenties Microeconomic analysis  Calculus *Sequentiality Macroeconomics (FTEBAAE210) AND Microeconomics (FTEBAAE220) 2. Objectives (expected learning outcomes) The student must be able to understand the peculiar economics of professional team sports and to apply micro-economic theory to the team sports industry on both the sports product market and the player labour market, so that the impact of different league regulations on these markets can be analysed. 3. Course content The peculiar economics of professional team sports (inverted joint product, competitive balance, objectives). The sports product market (revenue and cost, ticket pricing, sport and media) and the player labour market (demand and supply, Walras and Nash equilibrium) Impact of league regulations (transfer system, revenue sharing, salary caps) 4. Teaching method Direct contact: Lectures Exercise sessions 5. Assessment method Exam: Written, without oral presentation Closed book Open questions 6. Compulsory reading – study material S. Kesenne, (2007), The Economic Theory of Proefessional Team Sports, an analytical treatment, E. Elgar. 7. Recommended reading - study material Dobson S. and Goddard J., (2001), The Economics of Football, Cambridge U.P. Fort R., (2006), Sports Economics, (2nd ed), Pearson, Prentice Hall Zimbalist A., ed., (2001), The Economics of Sport, 2 vol., E. Elgar 8. Tutoring Monday 16 -18 h laatste aanpassing: last update: 24/09/2010 13:34 ilke.franquet