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This ground-breaking text on the economy of sports introduces core economic concepts and develops them with examples and applications from the sports industry. With its unique framework, The Economy of Sports covers modern topics of micro and macroeconomics, illustrating such traditional elements as industrial organization, public finance, and labor economics. Modern, progressive subjects including the not-for-profit sector are explored from the vantage point of the sports economy. The text assumes only a basic, one-semester understanding in microeconomics; the rigor and level of depth are designed for undergraduates, making it a perfect fit for sports economics courses and as a supplement to principles-level courses.
Features + Benefits- Unique framework introduces the essentials of economics using three of its four sections to illustrate key areas-industrial organization, public finance, and labor economics. The final section covers theories related to the not-for-profit sector such as the theory of bureaucracy.
- Accessible to both majors and non-majors-only a principles background is required.
- For courses taught at a higher level, appendices at the end of chapters contain intermediate-level material.
- Explains and reinforces a wide range of economic concepts through sports history and examples that place the events and theory in perspective.
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