SPMT 211 Economics and Governance in Sport

The primary goal of this course is to provide students interested in pursuing a career in the sport management field with a basic knowledge and understanding of the principles, processes and strategies related to economics/finances and governance of operating organizations whose mission involves the provision of sport related services and/or products. The principles of economics/finances will be utilized to evaluate amateur and professional sports, including topics like league structure, team decision making, labor relations, incentive structures, free agency, salary caps, and stadium financing and the role of public policy. Macro and micro perspectives of governance and policy in sport organizations will be initiated to examine organizational structures, authority, sanctions, appeals processes, and the influence of governmental bodies and sports commissions on sport governing bodies.