SPT3720 Sport Economics
Educational Level: Upper undergraduate, Bachelor
Credit Hours: 3 Credits
Fundamental economic principles are introduced and applied to aspects of both professional and amateur sports as well as the recreation industry. Areas of study include league structures, player salaries, economic impact on cities with professional sports teams, public financing of stadiums, economic effects of NCAA sports on athletes and institutions.
How This Course Benefits Students:
An understanding of business structures as they apply to professional and amateur sport industries is essential to successful sport management. Students will also understand the economic effects sport and recreation can have on institutions and individuals and the ways in which society and culture are impacted.
Why This Course Is Important:
The economic impacts of the various sport and recreation industries affect individuals and communities for good or bad. By understanding the economic principles and structures and subjecting them to biblical principles, we will be better able as managers to insure that our impact is positive.