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Sports Economics (ECON20011)
Undergraduate level 2Points: 12.5Not available in 2019
Overview
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This subject provides an economic perspective on professional sports in Australia and the rest of the world. It shows how economic concepts and theories can be used to understand the operation of professional sports, and can guide decision-making on sports by management and public policy makers. It also emphasises how studying sporting competitions can provide a laboratory for improving our knowledge of human behaviour and economic activity. Topics covered include: the demand for professional sports; the design of sporting competitions; measurement of player and team performance; strategy and decision-making in sports; sporting labour markets; managing and coaching sports teams; umpiring in sports; sports gambling markets; and national sporting performance. The subject will draw on examples from many major sports and sporting competitions – such as the Olympics, Australian Football League, cricket, soccer, National Basketball Association, Major League Baseball and National Football League (gridiron).
Intended learning outcomes
Completion of this subject should enable you to:
- Classify, and identify the main characteristics of, different types of professional sporting competitions;
- Identify and apply relevant economic concepts and theories to understand the operation of professional sports;
- Apply empirical methods and available data to analyse the operation of professional sporting competitions;
- Use your understanding of economic aspects of the operation of professional sports to guide decision-making by team and league managers in professional sporting competitions; and public policy decision-makers with responsibility for professional sports; and
- Understand how data on the operation of professional sporting competitions can be applied to test economic theories of decision-making and market outcomes.
Generic skills
High activity level: Written communication; Application of theory to practice; Interpretation and analysis; Synthesis of data and other information; Evaluation of data and other information; Team work.
Moderate activity level: Oral communication; Collaborative learning; Problem solving; Critical thinking; Accessing data and other information from a range of sources.
Last updated: 11 April 2024
Eligibility and requirements
Prerequisites
Code | Name | Teaching period | Credit Points |
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ECON10004 | Introductory Microeconomics |
Semester 2 (On Campus - Parkville)
Semester 1 (On Campus - Parkville)
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12.5 |
Corequisites
None
Non-allowed subjects
None
Inherent requirements (core participation requirements)
The University of Melbourne is committed to providing students with reasonable adjustments to assessment and participation under the Disability Standards for Education (2005), and the Assessment and Results Policy (MPF1326). Students are expected to meet the core participation requirements for their course. These can be viewed under Entry and Participation Requirements for the course outlines in the Handbook.
Further details on how to seek academic adjustments can be found on the Student Equity and Disability Support website: http://services.unimelb.edu.au/student-equity/home
Last updated: 11 April 2024
Assessment
Additional details
- Team project (3-4 students per team) (Written assessment consisting of an outline and final report 2,500 words), Outline week 6; Final report week 10 (30% - outline 5% and final report 25%)
- 3 written tasks of 500 words each (1,500 words total) (15%)
- Workshop participation (15%)
- Final exam (2 hours), end of semester (40%)
- Hurdle: This subject has a minimum hurdle requirement of 80% attendance and regular participation in workshops. In-class tasks missed without approval will not be marked. To pass this subject students must complete all pieces of assessment and must pass the end of semester exam.
Last updated: 11 April 2024
Dates & times
Not available in 2019
Time commitment details
170 Hours
Last updated: 11 April 2024
Further information
- Texts
Prescribed texts
No prescribed text.
- Breadth options
This subject is available as breadth in the following courses:
- Available through the Community Access Program
About the Community Access Program (CAP)
This subject is available through the Community Access Program (also called Single Subject Studies) which allows you to enrol in single subjects offered by the University of Melbourne, without the commitment required to complete a whole degree.
Entry requirements including prerequisites may apply. Please refer to the CAP applications page for further information.
- Available to Study Abroad and/or Study Exchange Students
This subject is available to students studying at the University from eligible overseas institutions on exchange and study abroad. Students are required to satisfy any listed requirements, such as pre- and co-requisites, for enrolment in the subject.
Last updated: 11 April 2024