Module Title:Sports Economics
Language of Instruction:English
Credits: 10
NFQ Level:6
Module Delivered In 6 programme(s)
Teaching & Learning Strategies: The learning outcomes will be achieved through the following teaching and learning strategies: • Lectures - communication of knowledge and ideas from the lecturer to the student. • Problem Solving Exercises – students will work individually and as part of a team to resolve various sports economic problems and questions. • Class Discussion/Debate - students will be encouraged to actively participate in the lecture sessions to develop their analytical and communication skills. • E-Learning – it is envisaged that the module will be supported with on-line learning materials. • Self-Directed Independent Learning – the emphasis on independent learning will develop strong and autonomous work and learning practices.
Module Aim: The aim of this module is to provide students with a knowledge and understanding of the fundamental economic principles and theories relevant to the operation of professional and amateur sports.
Learning Outcomes
On successful completion of this module the learner should be able to:
LO1 Discuss and analyse the implications of theoretical and empirical work in the economics of sport for policy issues relevant to the sporting environment.
LO2 Demonstrate an understanding of the operation of the markets for participant sport in the public and private sectors, and discuss issues relevant to the economics of hosting mega sporting events.
LO3 Explain and analyse the operation of the market for professional sports using specialised knowledge of relevant economic theories.
LO4 Discuss and evaluate issues of uncertainty of outcome and measures of competitive balance in sports leagues.
LO5 Explain the rationale for and methods of cross subsidisation, and use economic models to understand cross subsidisation in different forms of sporting leagues.
Pre-requisite learning
Module Recommendations

This is prior learning (or a practical skill) that is recommended before enrolment in this module.

No recommendations listed
Incompatible Modules
These are modules which have learning outcomes that are too similar to the learning outcomes of this module.
No incompatible modules listed
Co-requisite Modules
No Co-requisite modules listed
Requirements
This is prior learning (or a practical skill) that is mandatory before enrolment in this module is allowed.
No requirements listed
 

Module Content & Assessment

Indicative Content
Introduction to the Economics of Sport
• What is sports economics? • Introduction to Economic Methodology • Economic Organisation of Sport
The Economics of Sports Participation
• A General Economic Model of Sports Consumption: Dual Decision Hypothesis; Income-Leisure Trade-off; Derived demand for sports • Econometric findings on sports participation and sports related expenditure across economies
The Supply of Participant Sport (Public and Private Sectors)
• Structure of supply • The Public Sector: Irish and U.K. Policy and provision • The Economic Rationale for Public Policy Intervention and Provision of Sport in an Economy • The Public Financing of Sport • Market structures and private sector sport provision; • The Economics of Hosting of Mega Sporting Events; • Sport and the Economic significance of informal participation
The Economics of Amateurism in Sports
• Sports in the Not-For-Profits Sector • The Economic Foundation of Sports Club Systems (Club goods, provision of club goods, Hierarchical form, Economic Evaluation) • An Economic Analysis of Amateurism/Volunteering and College Sports
The Market for Professional Sports
• The Transition to Professionalism • Sports Competitions as Economic Contests (Contest/Tournament theory) • Foundations of the Analysis of Professional Team Sports (Demand, Supply, Market Equilibrium & Disequilibrium)
Competitive Balance and Cross Subsidisation
• Uncertainty of Outcome • Measuring Competitive Balance • Economic rationale and Methods of Cross Subsidisation in Leagues
The Labour Market in Professional Team Sports
• Perfect competition as a benchmark labour market • Historical evolution of the labour market in sport (US, the UK, Europe, Player agents, contract duration) • Theorizing the Players’ Labour Market using Economic Models • Econometric findings from the US and Europe
Assessment Breakdown%
Continuous Assessment100.00%
Continuous Assessment
Assessment Type Assessment Description Outcome addressed % of total Assessment Date
Essay Academic Essay 4,5 50.00 Week 24
Project Group project 1,2,3 50.00 n/a
No Project
No Practical
No End of Module Formal Examination

ITCarlow reserves the right to alter the nature and timings of assessment

 

Module Workload

Workload: Full Time
Workload Type Frequency Average Weekly Learner Workload
Lecture 12 Weeks per Stage 6.00
Estimated Learner Hours 15 Weeks per Stage 11.87
Total Hours 250.00
Workload: Part Time
Workload Type Frequency Average Weekly Learner Workload
Lecture Every Week 3.00
Independent Learning Every Week 15.00
Total Hours 18.00
 

Module Delivered In

Programme Code Programme Semester Delivery
CW_BBSMC_B Bachelor of Arts (Honours) in Sport Management and Coaching 4 Mandatory
CW_BBSOC_D Bachelor of Arts in Sport Coaching and Business Management (Football) 4 Mandatory
CW_BBGAA_D Bachelor of Arts in Sport Coaching and Business Management (GAA) 4 Mandatory
CW_BBRUG_D Bachelor of Arts in Sport Coaching and Business Management (Rugby) 4 Mandatory
CW_BBSBC_D Bachelor of Arts in Sport, Business and Coaching 4 Mandatory
CW_BBSBC_B Bachelor or Arts (Honours) in Sport, Business and Coaching 4 Mandatory