Economics and the Sports Industry

Most industries provide a workable context for teaching the core concepts of economic theory. As an instructor for core microeconomic theory classes throughout my teaching career, I have found that students respond favorably to examples and contexts that they can readily relate to.This text offers student an opportunity to study microeconomic topics, macroeconomic topics, and econometric topics in the fascinating context of the sports industry. Economics and the Sports Industry: Theory and Application is written with a focus on introductory to intermediate level economic theory. The intended audience for this text is undergraduate students studying economics at a first year to second year level. Key Topics Include: A full investigation of supply and demand A comprehensive treatment of market context with a particular focus on Monopoly. An introduction to econometrics and sabermetrics with applications. The structure and organization of the sports industry. The importance of media, fantasy sports, sport betting and e-sport. Topics in labour economics in the context of the sports industry, and Much More