ECON 4700 - Sports Economics3 credit hours
Prerequisite: ECON 2410 ; admission into the College of Business; junior standing preferred. Economic theories in the areas of public finance, labor markets, game theory, industrial organization, and price theory studied within the context of sports. Examines common misperceptions about sports-related statistical data and relates it to issues in the broader economy. Topics include benefits and costs of financing sports arenas, structure and competitiveness of sports leagues, antitrust exemptions, effects of title IX regulations, labor bargaining and negotiations, wage and price determination. Explores issues in collegiate sports such as potential for crowding out other college programs (the prisoner’s dilemma).
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