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1. Prerequisites

At the start of this course the student should have acquired the following competences:
Specific prerequisites for this course:

Microeconomic analysis 

Calculus

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2. 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.

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3. Course contents

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)

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4. Teaching method

Class contact teaching:

Lectures

Practice sessions

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5. Assessment method and criteria

Examination:

Written without oral presentation

Closed book

Open-question

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6. Study material

Required reading

S. Kesenne, (2007), The Economic Theory of Proefessional Team Sports, an analytical treatment, E. Elgar.


Optional reading

The following study material can be studied on a voluntary basis:

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

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7. Contact information

(+)last update: 24/09/2010 13:34 ilke.franquet