ULMS Electronic Module Catalogue

The information contained in this module specification was correct at the time of publication but may be subject to change, either during the session because of unforeseen circumstances, or following review of the module at the end of the session. Queries about the module should be directed to the member of staff with responsibility for the module.
Title SPORTS ECONOMICS
Code ECON328
Coordinator Dr B Buraimo
Economics
B.Buraimo@liverpool.ac.uk
Year CATS Level Semester CATS Value
Session 2021-22 Level 6 FHEQ Second Semester 15

Pre-requisites before taking this module (other modules and/or general educational/academic requirements):

ECON233 INTRODUCTORY ECONOMETRICS FOR BUSINESS AND ECONOMICS; ECON212 ECONOMETRICS 1 

Modules for which this module is a pre-requisite:

 

Programme(s) (including Year of Study) to which this module is available on a required basis:

 

Programme(s) (including Year of Study) to which this module is available on an optional basis:

 

Teaching Schedule

  Lectures Seminars Tutorials Lab Practicals Fieldwork Placement Other TOTAL
Study Hours   12

      24

12

48
Timetable (if known)   60 mins X 1 totaling 12
 
      120 mins X 1 totaling 24
60 mins X 1 totaling 12
 
 
Private Study 102
TOTAL HOURS 150

Assessment

EXAM Duration Timing
(Semester)
% of
final
mark
Resit/resubmission
opportunity
Penalty for late
submission
Notes
             
CONTINUOUS Duration Timing
(Semester)
% of
final
mark
Resit/resubmission
opportunity
Penalty for late
submission
Notes
Assessment 1: Technical report based on data analysis and decision-making Assessment Type: Coursework Duration/Size: Econometric model written up in no more than 3,000 words. Word count reflects t  -3000 words    100       

Aims

The module aims to improve students’ knowledge and understanding of sports as a growing economic sector that is increasingly attracting the attention of many entrepreneurs and researchers. It will also equip students with relevant analytical techniques and provide the opportunities to apply such techniques to sport so that decision-making within the sector can be scrutinised and improved. A final aim of the module is to increase the curiosity and critical assessment of the different research topics with sport.


Learning Outcomes

(LO1) Students will be able to apply critically economic theories and principles to the organisation, management and practices within sport in a global context

(LO2) Students will be able to assess contemporary issues critically relating to spectator and participant sports and their economic relevance

(LO3) Students will be able to use appropriate and relevant sports data to develop empirical models

(LO4) Students will be able to interpret the results of empirical models and consider critically how this might improve decision-making

(LO5) Students will be able to use economic modelling to assess ethical and social dimension within the decision-making process

(S1) Problem Solver

(S2) Organised and able to work under pressure

(S3) IT literate

(S4) Numerate

(S5) An Excellent Communicator

(S6) Digitally Confident

(S7) Commercially aware

(S8) Confident


Teaching and Learning Strategies

Teaching Description: Mixed, hybrid delivery with social distancing on campus

Teaching Method: Online Asynchronous Learning Materials
Unscheduled Directed Student Hours: 24
Description: These are recordings delivered by the module team and explore the theories, principles and practices around the various themes and topics. 2 hours x 12 weeks
Attendance Recorded: No

Teaching Method: Seminars
Scheduled Directed Student Hours: 12
Description: These seminars will be a combination of discussion exploring the research and session in computer rooms in which students can be guided through econometric analyses. 1 hour x 12 weeks
Attendance Recorded: Yes

Teaching Method: Group Study
Description: Weekly 1 hour session to foster student community and engagement by working with others on their ‘active learning’ activities
Scheduled Student Hours: 12
Attendance Recorded: No

Self-Directed Learning Hours: 102
Description: Students will be expected to engage in self-directed study and activities that will complement the scheduled learning. Such activities will include developing writing skills in reporting econometric results, reading and mastering the relevant literature from peer reviewed sources, gathering data from appropriate sources and critically assessing developments and decision-making within the global sports sector.

Pre-requisites:
Students must have taken either ECON233 or ECON212

Skills and other attributes Mapping:

Skill: Problem Solver
How is this Developed: The module will develop students’ problem-solving skills by engaging in empirical analysis aimed at improving decision-making in the sports sector.
Mode of Assessment(If applicable): Coursework

Skill: Organised and Able to Work Under Pressure
How is this Developed: Students will be expected to acquire data from a variety of sources and organise these prior to being able to perform any analysis.
Mode of Assessment(If applicable): Coursework

Skill: IT Literate
How is this Developed: Students will make use of appropriate software packages to manage and organise quantitative data.
Mode of Assessment(If applicable): Coursework

Skill: Numerate
How is this Developed: Students will be expected to generate quantitative analysis using appropriate econometric models and statistical test.
Mode of Assessment(If applicable): Coursework

Skill: An Excellent Communicator
How is this Developed: Students will be expected to produce high quality reports and responses to briefs and questions and articulate their ideas effectively.
Mode of Assessment(If applicable): Coursework

Skill: Digitally Confident
How is this Developed: Students will be expected to make good use of information acquired from a range of sources.
Mode of Assessment(If applicable): Coursework

Skill: Commercially Aware
How is this Develope d: Students will be expected to explore the commercial impact of various business arguments and analysis.
Mode of Assessment(If applicable): Coursework

Skill: Confident
How is this Developed: Students will be expected to show confident in their analyses and assessments following a confident application of the theory and evaluation of the empirical evidence
Mode of Assessment(If applicable): Coursework


Syllabus

 

Below is an indicative outline of the syllabus. Although indicative, it provides an insight into the areas that will be covered by the module team.
• What is sports economics? Why to study it?
• Using regression modelling to analysis sport
• Parallels between sport and other industries
• European vs American models of sports leagues
• Economics structure of sports leagues, monopolies and cartels, league entry
• The labour market for professional athletes
• Managerial efficiency in football; impact of new managers on sporting performance
• Economics of sport participation; demand for participant sport
• Consumer demand for spectator sport including men’s and women’s football, horseracing and other professional team sports
• Uncertainty of outcome and competitive balance in sports leagues
• Sports broadcasti ng and television audience demand
• Corruption; sports integrity; impact of corruption on sports
• Economics of major sport events?

The module will allow students to apply economic theory and econometric practices that have been learnt previously in modules at level 2.

The module contents will be very accessible and students will be directed to appropriate textbooks, journals and sources of data. Students are expected to engage with the material and prepare thoroughly prior to attendance at lectures and tutorials.


Recommended Texts

Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module.