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The Economics of Sports 5th edition



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The Economics of Sports 5th edition

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The Economics of Sports 5th edition

ISBN: 0133022927

ISBN-13: 9780133022926

Authors: Michael Leeds, Peter von Allmen

Publisher: Prentice Hall

Details of the book:

Often we find our enthusiasm for a subject ebbing over the course of time as we continue to read the same kind of, bookish, non-engaging texts over and over again. The point of learning is not to be a hundred percent serious all the time, in fact books and courses that are entertaining, relatable and engaging are far more successful at teaching than any other source. Leeds and Allman's 'The Economics of Sports' makes learning interesting, relatable and effortless for all those interested.


This book was primarily authored to best suit the purposes of those in the undergraduate sports economics program, but it can also be of great use to all those professionals in the field who need a quick refresher course.


The book seeks to convey to its readers all core economics concepts and issues via the best suited examples and events from the sports industry. There are abundant real life applications of micro economic concepts in the field of sports; utilization of such instances and examples in a text on economics enables a student of economics to grasp the subject matter through something they are genuinely interested in. Leeds and Allman's book looks into various concepts, principles and issues fundamental to the subject of economics in light of the on-goings of International sports industry as well that of the United States.

Contents

  • In the first section the book begins with an introduction to the subject including a layout of the text's contents.

  • The second section looks into the important concepts of supply demand, output, production, monopoly and perfect competition in the market, the growth of sports especially those of the professional kind.

  • The third section is on profit, revenue costs, profit taxes and other related issues. It focuses on the question of which is to be prioritized more, profit or wins. It also explores the significance of the big leagues, behavior and nature of the owners of teams etc.

  • Section four focuses on the antitrust policies, pricing related problems, all issues of monopoly and society's response to it. The section also sheds light on how often unexpected and unreasonable result amount from perfectly sound judgments.

  • The fifth section focuses on attempts of measurement and the want and need for competitive balance, the efforts made to change it etc.

  • Section six looks into the benefits that can be reaped off by the different participants in the sport business e.g. how teams gain from updating of implements and facilities, how the fans of the sports thus gain from the same, and in turn how the host cities gain from all of these.

  • The seventh section continues the thread of though in section six but looks into the expenditure on sports, the payers and the reasons for supporting the expenditures. It looks into the financing aspect of sports.

  • The 8th section looks into the supply and demand of labour i.e. the labour market in athletics. It also looks into the issues of cheating, division and diffusion of earnings made from sports etc.

  • The ninth section explores the problems and failures of the sport related labour markets, its disputes and compromises etc. it also tackles the questions about the unions in athletics and the concept of monopsony.

  • Section 10 covers the complicated issues of discrimination and its related theories and concepts like that of Becker's etc. It looks into discrimination in sports in each and every sphere whether professional or college team ones.

  • The final section i.e. the 11th section covers the thorny issues of amateur sports as a concept. It looks into the purported positive and negative effects of all college based team athletics, what the athletes get in return of their efforts etc.

Each and every chapter is ended with a summary, discussion on problems and issues.

 

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