The aim of this subject is to identify the constraints and opportunities that will affect the ability of sports to survive in an increasingly competitive, global marketplace. Particular emphasis will be placed on examinations of both North American and European professional sports, as well as indigenous games, such as Australian Rules football. Topics covered will include: labour markets in various sports, including the effectiveness of regulations such as player drafts and salary caps; the ...
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1
Scoring Early Against Brazil
1:36:52
1:36:52
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A presentation on the 2012 peer-reviewed article by lecturer Liam Lenten, which appeared recently in the journal Applied Economics Letters, entitled: “The Underdog Should Always Fire the First Salvo against Brazil”, which tests the old myth in football that it is unwise for an opposition team to score early in any game against the almighty Brazilia…
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1
The Business of Football and Footballers
1:00:46
1:00:46
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1:00:46
A guest lecture by John Didulica, currently the Football Operations Manager of Australian domestic league team Melbourne Heart, a former professional footballer, and a lawyer by academic training. He was also at one time the CEO of the player’s union for footballers in Australia, the AFPA. His talk is titled as: "The Business of Football and Footba…
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1
Government Subsidy of Sport
43:54
43:54
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43:54
This lecture encompasses two related topics “Public Finance of Sports” and “Subsidies and Economic Impact Analysis”. Both parts of this lecture look at the role of government in the sports industry, and whether or not it should use public taxpayers’ funds to bid to bring the event to town, bring the team to town, or build the new stadium. Where the…
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1
The Public Finance of Sport
46:34
46:34
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46:34
This lecture encompasses two related topics “Public Finance of Sports” and “Subsidies and Economic Impact Analysis”. Both parts of this lecture look at the role of government in the sports industry, and whether or not it should use public taxpayers’ funds to bid to bring the event to town, bring the team to town, or build the new stadium. Where the…
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1
Professional Team Sport Leagues in Australia V
32:02
32:02
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32:02
In this, the final part of three on 'Professional Team Sports Leagues in Australia', we take the modelling from earlier and use it to draw conclusions about what we would expect to find about competitive balance in the AFL over the history of the competition when we look at the figures. We also compare competitive balance in the AFL to the Major Le…
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Professional Team Sport Leagues in Australia IV
1:01:02
1:01:02
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1:01:02
In this, the final part of three on 'Professional Team Sports Leagues in Australia', we take the modelling from earlier and use it to draw conclusions about what we would expect to find about competitive balance in the AFL over the history of the competition when we look at the figures. We also compare competitive balance in the AFL to the Major Le…
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Professional Team Sport Leagues in Australia III
43:57
43:57
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This lecture, the second of three on 'Professional Team Sports Leagues in Australia', follows on from the previous one insofar that the 'unrestricted' model under the assumption of win-max (AFL) [and compared to profit-max (Major Leagues)], is now 'restricted' with common past and present policies used to ensure competitive balance. These policies …
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1
Professional Team Sport Leagues in Australia II
1:03:22
1:03:22
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1:03:22
This lecture, the second of three on 'Professional Team Sports Leagues in Australia', follows on from the previous one insofar that the 'unrestricted' model under the assumption of win-max (AFL) [and compared to profit-max (Major Leagues)], is now 'restricted' with common past and present policies used to ensure competitive balance. These policies …
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1
Professional Team Sport Leagues in Australia I
1:22:31
1:22:31
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In this lecture, the first of three successive lectures on the 'Professional Team Sports Leagues in Australia', we set up a model that allows us to compare team behaviour in the Major Leagues (already considered as where the teams are modelled as profit-maximisers) with the Australian Football League (AFL), where the teams are instead modelled as w…
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1
Labour Markets in Professional Sports II
45:11
45:11
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Do you question why professional athletes are paid so much money? This lecture delves into labour markets of the professional sports industry, starting with a coverage of both demand and supply in the basic setting, and then considering how the status quo differs in situations that represent common market restrictions in sports, such as 'monopsony …
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1
Labour Markets in Professional Sports I
1:07:14
1:07:14
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1:07:14
Do you question why professional athletes are paid so much money? This lecture delves into labour markets of the professional sports industry, starting with a coverage of both demand and supply in the basic setting, and then considering how the status quo differs in situations that represent common market restrictions in sports, such as 'monopsony …
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1
Competitive Balance II
1:04:16
1:04:16
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1:04:16
Have you ever wondered why in some sports leagues, some teams appear destined never to win the title, yet other teams appear destined to win it quite frequently? This lecture outlines 'competitive balance' (CB) as being an unusual economic phenomenon specific to the sports industry - that we, as consumers of sport, actually like uncertainty! We def…
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Have you ever wondered why in some sports leagues, some teams appear destined never to win the title, yet other teams appear destined to win it quite frequently? This lecture outlines 'competitive balance' (CB) as being an unusual economic phenomenon specific to the sports industry - that we, as consumers of sport, actually like uncertainty! We def…
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1
Sports Leagues Behaviour II
49:34
49:34
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49:34
This lecture goes from the framework of examining team behaviour to the next level - instead viewing the 'league' as a firm and considering alternative models (to pure profit-maximisation) of firm behaviour that arguably better describe such behaviour of leagues (as well as other non-profit administrative organizations). We will see how a breakdown…
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1
Sports Leagues Behaviour I
53:58
53:58
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53:58
This lecture goes from the framework of examining team behaviour to the next level - instead viewing the 'league' as a firm and considering alternative models (to pure profit-maximisation) of firm behaviour that arguably better describe such behaviour of leagues (as well as other non-profit administrative organizations). We will see how a breakdown…
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1
Profit-Maximising Sports Franchises II
34:26
34:26
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34:26
This lecture sets up a formal model of sports team behaviour (from Rod Fort), working from the common starting assumption of profit-maximisation (though noting certain caveats to this). We model one particular factor of production, labour (players' wages), and see how the teams' decisions on amount of labour affect not only revenues, costs and ulti…
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Profit-Maximising Sports Franchises I
55:41
55:41
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55:41
This lecture sets up a formal model of sports team behaviour (from Rod Fort), working from the common starting assumption of profit-maximisation (though noting certain caveats to this). We model one particular factor of production, labour (players' wages), and see how the teams' decisions on amount of labour affect not only revenues, costs and ulti…
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1
Economics and Sports Broadcasting II
50:28
50:28
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This lecture centres on the role of the television broadcasters in sports and how this huge influx of funds, non-existent a couple of generations ago, and how its profound impact on the modern landscape of the modern sports industry. Various emphases are given to the market structure, the broadcast rights, advertising, and sponsorship. Copyright 20…
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1
Economics and Sports Broadcasting
51:01
51:01
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51:01
This lecture centres on the role of the television broadcasters in sports and how this huge influx of funds, non-existent a couple of generations ago, and how its profound impact on the modern landscape of the modern sports industry. Various emphases are given to the market structure, the broadcast rights, advertising, and sponsorship. Copyright 20…
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1
Keeping Demand High for Tickets
50:16
50:16
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50:16
Microeconomic theory applied to issues such as market structure (monopoly versus perfect competition), demand effects on revenue, and price discrimination. Copyright 2012 La Trobe University, all rights reserved. Contact for permissions.Von Dr Liam Lenten
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1
More Microeconomic Principles in Sport
57:32
57:32
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57:32
This lecture continues and concludes the 'Microeconomic Principles and Sport' topic, continuing along the theme of explaining apparent anomalies that we tend to observe specifically in the sports industry. Copyright 2012 La Trobe University, all rights reserved. Contact for permissions.Von Dr Liam Lenten
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Microeconomic Principles in Sport
41:29
41:29
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41:29
Dr Liam Lenten introduces microeconomic principles, and applies them to a sporting framework. Copyright 2012 La Trobe University, all rights reserved. Contact for permissions.Von Dr Liam Lenten
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Dr Liam Lenten introduces sports economics and what the course will cover. Copyright 2012 La Trobe University, all rights reserved. Contact for permissions.Von Dr Liam Lenten
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For the final video of the series, it is shown that there is an (indirect) explanation for governments using our (including sports antagonists) taxes to pay for building sports stadiums, bidding for major sporting events, and the like -- and that it can produce socially-optimal outcomes, but is this ever the case in reality? Some material in these …
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We consider the link between the Russell Crowe character in the film 'A Beautiful Mind' (John Nash) and why media rights deals in sports have exploded in the last generation, helping to make earnings of top professional athletes many times that of the average wage. Some material in these videos is based on textbook examples from: Sports Economics (…
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In the fourth video in this series, we see how the economic concept that describes why international trade makes everybody better off, can also reveal why Jamaica chose to run the World's fastest sprinter, Usain Bolt, in the third-leg (rather than in the traditional anchor-leg) in their 4×100 metre relay final at the 2008 Beijing Olympic Games. Som…
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We use the tool of demand-elasticity to address the issue of why ticket pricing in professional sports tends to be lower than the level that economists would suggest to be optimal. A possible explanation to this apparent puzzle is offered -- in the form of 'complementary' revenue sources. Some material in these videos is based on textbook examples …
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We use a simple microeconomic theoretical model to illustrate how it is possible to compare two professional sports teams, one of which sells-out every home game, and the other only half-fills their stadium -- yet the management of both teams are equally happy with the status quo. Some material in these videos is based on textbook examples from: Sp…
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Following a brief introduction to this series, it is demonstrated how a quirky (and not well-thought out) rule in a football tournament could arguably justify an on-pitch strategy that would be deemed unacceptable under normal circumstances. This represents an important economic analogy to the importance of mitigating perverse incentives in public …
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