Course content

• The supply of sport
• The producers of sport
• The demand for sport
• The economics of team sport
• The economics of illegal behaviour
• The economics of sport and the media
• The economics of sporting events

Learning outcome

The students are given insight into the economics and financial aspects of mainly professional team sports, with focus on European football

Knowledge. The students:

• have knowledge about the structure of professional team sports
• have knowledge about leagues and competitive balance
• have knowledge about the supply of sport
• have knowledge about the demand for sport
• have knowledge about the labour market in professional team sports
• have knowledge about accounting and finance in professional team sports
• have knowledge about the economics of sport broadcasting
• have knowledge about the economics of sporting events

Skills

The students are able to apply methods from economics, business and finance into sports, as well as peculiarities within sports affecting the economics, and the business and finances of sports.

General competence

The students have competence in the areas mentioned above

Learning methods and activities

Lectures and assignments

Further on evaluation

Supporting material allowed on exams:

• Dictionary and approved calculator regarding NTNUs support material code B-D "specific basic calculator".
• Other calculators that are allowed in the course are: Casio FC-100V and Texas Instruments - BAII Plus.

Specific conditions

Recommended previous knowledge

Basic knowledge of financial accounting, managerial economics, investment analysis and microeconomics

Course materials

Compendium of articles, other articles (information at the start of the study) and handouts.

Gratton, C. and Solberg, H.A. (2007): The economics of sports broadcasting. London; Routledge.