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Regular version of the site
Master 2020/2021

Sports Economics and Finance

Area of studies: Management
When: 2 year, 1, 2 module
Mode of studies: offline
Open to: students of one campus
Instructors: Dmitry Dagaev
Master’s programme: Management and Analytics for Business
Language: English
ECTS credits: 3

Course Syllabus

Abstract

The course introduces sport as an economic activity and shows its peculiarities. The most common topics on sports economics and finance are covered: the peculiar economy of sports; sports’ labor market; different models of professional sports worldwide; competitive balance; and finance and accounting. Moreover, the course covers the main concepts for organizing a professional sport tournament.
Learning Objectives

Learning Objectives

  • The course introduces sport as an economic activity and shows its peculiarities
Expected Learning Outcomes

Expected Learning Outcomes

  • Students will be able to understand the international structure of sports, the impact of wages, taxes and other constraints in the mobility of players, the relevance of competitive balance in the sport industry and the most import elements of finance and accounting for sport clubs and leagues.
  • Moreover, students will be able to discern the differences between the European and the North-American model of sport leagues and the main advantages and advantages on each one. Students will be able to develop optimal designs for sport competitions.
  • As final outcomes, students will be able to develop academic researches analyzing sport leagues worldwide as well as comparing different sports disciplines.
Course Contents

Course Contents

  • Introduction to Sports Economics: a peculiar economy
  • Sport Labor Market
  • Competitive Balance
  • Finance and Accounting
  • Principles of Sports Competitions
  • European vs. North-American models
  • Sport Competitions: Seeding
Assessment Elements

Assessment Elements

  • non-blocking presentations and tasks completed/presented during the seminar
  • non-blocking final presentation
  • non-blocking attendance of lectures
Interim Assessment

Interim Assessment

  • Interim assessment (2 module)
    0.15 * attendance of lectures + 0.4 * final presentation + 0.45 * presentations and tasks completed/presented during the seminar
Bibliography

Bibliography

Recommended Core Bibliography

  • John Byl. (2014). Organizing Successful Tournaments: Vol. Fourth edition. Human Kinetics, Inc.

Recommended Additional Bibliography

  • Alex Krumer, & Michael Lechner. (2018). Midweek Effect On Soccer Performance: Evidence From The German Bundesliga. Economic Inquiry, 1, 193. https://doi.org/10.1111/ecin.12465
  • Alex Krumer, Reut Megidish, & Aner Sela. (2015). First-Mover Advantage In Round-Robin Tournaments. Working Papers.
  • Alex Krumer. (2017). On Winning Probabilities, Weight Categories, and Home Advantage in Professional Judo. Journal of Sports Economics, 1, 77.
  • Andrew S. Zimbalist. (2002). Competitive Balance in Sports Leagues: An Introduction. Journal of Sports Economics, 2, 111.
  • Brad R. Humphreys. (2002). Alternative Measures of Competitive Balance in Sports Leagues. Journal of Sports Economics, 2, 133.
  • Dmitry Dagaev, & Vladimir Yu. Rudyak. (2016). Seeding the UEFA Champions League Participants: Evaluation of the Reform. HSE Working Papers.
  • Downward, P. (2019). The SAGE Handbook of Sports Economics. SAGE Publications Ltd.
  • El-Hodiri, M., & Quirk, J. (1971). An Economic Model of a Professional Sports League. Journal of Political Economy, 79(6), 1302–1319. https://doi.org/10.1086/259837
  • James B. Dworkin. (2013). Book Review: The Oxford Handbook of Sports Economics. The American Economist, 1, 64. https://doi.org/10.1177/056943451305800109
  • Neale, W. C. (1964). The Peculiar Economics of Professional Sports. https://doi.org/10.2307/1880543
  • Ribeiro, C. C. (2012). Sports scheduling: Problems and applications. International Transactions in Operational Research, 19(1/2), 201–226. https://doi.org/10.1111/j.1475-3995.2011.00819.x
  • Szymanski, S. (2003). The Economic Design of Sporting Contests. Journal of Economic Literature, 41(4), 1137–1187. https://doi.org/10.1257/jel.41.4.1137