Weekly Outlines

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Week One Outline

8/22/02 - Tuesday

-Discuss Syllabus, course requirements, important dates

-Description of what class is, and what class is not

-View course website

-Series of Questions regarding students knowledge and interest in sports economics

-Write on sheet of paper:

-name
-email address
-year in school
-major
-one topic you would like to talk about

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Week Two Outline

9/27/02 - Tuesday

-Discuss Research Papers

-Demonstrate research techniques
-Discuss list of possible topics
-Strategies for finding a paper topic
-empirical vs. historical (not excluding both)

Research Paper handout

-Discuss topics in Chapter 1

-Description of Industrial Organization, Public Finance, and Labor Economics
-Why Economics is important, and how this class can be useful in other areas of everyday life, not just professional sports
-How we use models in this class and in economics
-Positive vs. Normative (with examples)

9/29/02 - Thursday

-Discuss assigned reading (don't forget about participation points)

-take a look at charts in more detail

-Discuss briefly some of economics of baseball before looming strike date

-revenue sharing (what revenue are they talking about)
-luxury tax
-drug testing
-phase in or immediate change

-Begin Economic Theory Review

-Opportunity Cost
-Comparative Advantage vs. Absolute Advantage

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Week Three Outline

9/03/02 - Tuesday

-Discuss terms of Collective Bargaining Agreement in Baseball Briefly
-who made concessions?

-Begin Discussion of Economic Theory

-opportunity cost
-supply and demand
-elasticity
-price ceilings and ticket scalping
-begin market structure discussion

9/05/02 - Thursday

-Finish Economic Theory Discussion

-finish market structure discussion
-comparison of Utah Jazz vs. Utah Utes
-Profit Maximization
-Uncertainty

-Regression Analysis

-computer demonstrations

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Week Four Outline

9/10/02 -Tuesday

-Why own a professional sports team?

-discuss ego premium

-profit in professional sports

-total revenue
-total costs
-what profits look like (MLB example)

-ways to make yourself look poor

-vertical integration
-bloated costs

-why are leagues important

9/12/02 - Thursday

-Go over "The Capitalist, A Miami Fish Story"

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Week Five Outline

9/17/02 - Tuesday

-Begin discussion of monopoly

-reserve clause
-what's wrong with monopoly
-what's right with monopoly
-barriers to entry

-The antitrust exemption in baseball

-how it came to be
-what it means for modern baseball

9/19/02 - Thursday

-Continue discussion of antitrust exemption in baseball

-NCAA - cartel

-game theory and its application to sports economics

-Answer any questions about exam 1

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Week Six Outline

9/24/02 - Tuesday

Exam 1
-Covering Chapters 1-4

9/26/02 - Thursday

-Begin Public Finance

-Demand for new stadiums

-all of nothing demand curves
-winner's curse

-what are new stadiums worth
-size and shape of stadiums

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Week Seven Outline

10/01/02 - Tuesday

-Hand back exams and go over

-Examples of stadium financing

10/03/02 - Thursday

-No Class - Semester Break!

10/08/02 - Tuesday

-Begin Discussion of Chapter 6: The Costs and Benefits of a Franchise to a City

-Benefits of a Franchise

-Why Government Subsidize Sports Franchises

-Costs of a Franchise

-Do they Really Benefit?

-How Stadiums are Financed

10/10/02 - Thursday

-Finish Above Discussion

-City of Houston Example

10/15/02 - Tuesday

-Discuss article "It's Time to......"

-Begin Discussion of Amateur Athletes

-History of Amateur Athletes

-NCAA as a Cartel

-Academic standards as a barrier to entry

-Do athletic departments profit maximize

Research paper annotated bibliography or literature review due on Thursday!

10/17/02 - Thursday

-Watch video on Sports Coalition

-Discuss

-Discuss Gender equity, and Title IX

10/22/02 - Tuesday

-Read Handouts on Title IX and Discuss

-Have debate on Title IX and Paying college athletes

Some good Title IX websites to look over:

Schiller Law Firm slide show on Title IX

Department of Education report on Title IX

University of Iowa Gender Equity in Sports Project

 

10/24/02 - Thursday

-Introduction to Labor Economics issues in Professional Sports

-Answer any questions concerning exam 2

EXAM TWO SCHEDULED FOR 10/29/02

10/29/02 - Tuesday

EXAM TWO - BRING BLUE BOOK

 

10/31/02 - Thursday

NO CLASS - Time to catch up on research paper

11/5/02 - Tuesday

-Briefly go over exam 2

-Begin labor economics

-labor supply, demand, equilibrium, human capital theory

-computer demonstration of salary determination

Excel classroom example

-begin discussion on restrictions on competititve market

 

11/7/02 - Thursday

-Finish restrictions on competitive labor market

-Competitive balance

-Tournaments and superstars

-lorenz curve, tournament winnings

11/12/02 - Tuesday

-Finish discussion about competitive balance

-Tournaments and Superstar discussion

-lorenz curve examples

11/14/02 - Thursday

-Begin Collective Bargaining

-History of Unions in general

-History of Unions in professional sports

-tools of unions and management

Research Paper Due in one Week from today (11/21/02)

11/19/02 - Tuesday

-Finish Collective Bargaining discussion

-Watch video on Black Athletes - taped from ESPN

 

11/21/02 - Thursday - RESEARCH PAPER DUE TODAY

-Have Presentations on research papers

-Discrimination Theory

11/26/02 - Tuesday

-What is discrimination?

-Theories of discrimination

-Some economic studies on discrimination

11/28/02 - Thursday

-No Class - Thanksgiving Holiday

12/3/02 - Tuesday

-Continue discussion about discrimination

-Look at NBA results

12/5/02 - Thursday (LAST CLASS!)

-Look at articles from packet

-concluding remarks