Economics
Economics of Sports
Module code: L1004
Level 6
15 credits in spring semester
Teaching method: Lecture, Seminar
Assessment modes: Take away paper, Coursework
The purpose of this module is to explore how economics can be used to explain a variety of selected outcomes and phenomenon in the sports industry but particularly association football. Specifically, we explore how economics can be used to explain competitive balance and outcome uncertainty in professional sports leagues, and salary determination and racial discrimination in sports labour markets. In addition, the module explores how gambling markets can be used to test for information efficiency, how social pressure may impact refereeing behaviour, and how the economics of crime can be used to explain match-fixing in professional team sports.
Module learning outcomes
- Systematically understand how economic theory can be used to explain outcomes and phenomena observed in the sports industry.
- Systematically understand the methodologies and data used to test economic propositions in the sports industry.
- Systematically understand, interpret and critically evaluate the empirical evidence testing economic propositions in the sports industry.
- Critically evaluate the nature and structure of labour markets for professional team sports and their local economic impact.