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 The Economics and Finance of The International Thoroughbred Horseracing Industries
Code ULMS609
Coordinator Dr B Buraimo
Economics
B.Buraimo@liverpool.ac.uk
Year CATS Level Semester CATS Value
Session 2022-23 Level 7 FHEQ Second Semester 10

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

ULMS618 INTERNATIONAL HORSERACING INDUSTRIES 

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 28

          28
Timetable (if known)              
Private Study 72
TOTAL HOURS 100

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
Individual written assignment There is a resit opportunity. Standard UoL penalty applies for late submission. This is an anonymous assessment. Assessment Schedule (When): 2    70       
Group presentation There is a resit opportunity. Standard UoL penalty applies for late submission. This is not an anonymous assessment. Assessment Schedule (When): 2    30       

Aims

To introduce students to concepts within the economics and finance of the international thoroughbred horseracing industry;

To enable students to identify, understand and analyse the key economic and financial issues facing the international thoroughbred horseracing industry.


Learning Outcomes

(LO1) To understand the Economics and Finance of The International Thoroughbred Horseracing Industry.

(LO2) To acquire specific knowledge and understanding the Economic drivers in the Thoroughbred Horseracing Industry notably those shaped by different stakeholders and different economic environments.

(LO3) To build an appreciation of Financial Challenges facing of Thoroughbred Horseracing Industry locally and globally.

(LO4) To understand the drivers of economic and financial success and what underpins this for different stakeholders and to understand what is specific about the Thoroughbred Horseracing Industry, notably the role of sponsors and gambling and how to meet the challenges of operating successfully within these.

(S1) Understanding of the key economics and finance issues in the international thoroughbred horseracing industry. Developed through lectures and case discussions.

(S2) Teamwork skills. Developed through group presentations, case discussions.

(S3) Organisation skills. Developed through group presentations, individual assignments.

(S4) Communication skills. Developed through case study discussions, lectures, group presentations.

(S5) IT skills. Developed through the assignment and group presentation.

(S6) Independent research skills. Developed through individual assignment and group presentation preparation.

(S7) International awareness. Developed through lectures, case discussions, group presentations.


Teaching and Learning Strategies

Interactive lectures x 28 hours
Self-directed learning x 72 hours


Syllabus

 

Diverse income streams and their impacts;

Managing portfolios of events;

Internationalisation;

Racing administration systems;

Statistics and trends;

Handicapping and international classifications;

The economics of betting and wagering;

Innovation and change in gambling opportunities;

Financial statements and funding structures;

Levy scheme agreements;

Different income streams and their economic implications for other industry stakeholders, horse owners, trainers, etc.;

Shaping the global industry.


Recommended Texts

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