course outline. part 1: general economic theory basic theory –definition –the economic problem...
TRANSCRIPT
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Course Outline
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Part 1: General Economic Theory
• Basic Theory– Definition– The Economic Problem– 5 Tenets of Economics– Sectors of the Economy (Players)– Branches
• The Demand for S & E– Consumer theory– Elasticity
• The Supply of S & E– Supply– Production and Cost Theory
• Market Equilibrium• Pricing
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Part 2: Microeconomic Theory
• Market Structure– Antitrust– Profits– Marketing– Copyrights– Technology
• Labor Markets– Wages and Labor
• Athletes and Entertainers– Choices and opportunity costs
• Use of Time– Marginal Product– Unions– Discrimination
• Public Finance
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Part 3: Macroeconomic Theory
• GDP Measures – GDP and Disposable income
– Business Cycles– Policy Indicators
• Economic Modeling
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Part 4: Economics of Sports
• Demand and Supply– Pricing
• Price Discrimination– Elasticity– Broadcast rights– Costs, Profits and Winning– Production
• Profit Sharing
• Market Structures– Types of Structures in Sports
• Monopolies and Competition• Barriers to entry• Antitrust• Cartels
– Types of Business– Revenues, Costs and Profits
• Refreshments etc
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• Labor Market– Terms
• Wages and Salary– Demand and Supply
• Marginal Product– Athletes and Choices– Trades– Salary Cap
• Luxury Tax– Contracts– Labor Relations
• Unions• Trades
• Urban Economics: Franchise location• Public Finance: Stadiums
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Part 6: Rockonomics
• Demand and Supply– Consumers
• Ticket allocation• Substitutes and Complements• Tastes• Teen buying habits
– Commercial sponsorships– Pricing– Elasticity– Production
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• Market Structures– Types– Technology– Marketing – Distribution– Regulation and Mergers– Touring– Profits– Merchandising– Copyrights
• Labor Markets– Entry– Costs
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Part 7: Economics at the Movies and
Television
• Demand and Supply– Video
• Substitutes and Complements• Technology
– Pricing– Elasticity– Production
• Market Share and Distribution– Television
• Ratings and Market Share– Movies
• Box Office• Public Finance
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• Market Structures– Costs– Technology– Product tie-ins
• Refreshments• Consumer goods
– Management– Entry
• Labor Markets– Unions– Entry
• Hollywood Abroad– International Trade– Exchange Rates– Exports– Tariffs and Quota