EC325-The Economics of Sports and Games

Module Provider: School of Politics, Economics and International Relations
Number of credits: 20 [10 ECTS credits]
Level:6
Terms in which taught: Spring term module
Pre-requisites: EC201 Intermediate Microeconomics
Non-modular pre-requisites:
Co-requisites:
Modules excluded:
Module version for: 2017/8

Module Convenor: Dr James Reade

Email: j.j.reade@reading.ac.uk

Summary module description:

This module introduces students to the “peculiar economics of sport”, as expressed by Walter Neale in his seminal 1964 paper. From considering whether the unit of analysis should be the sports club/individual or sports league to the uncertainty of outcome hypothesis, competitive balance and the implications of the invariance principle for the labour market in sports, we consider various sports and games from an economic perspective.


Aims:

Students will be encouraged to think about sport and games from an economic perspective, both in terms of applying economic theories in the realm of sport, but also observing whether or not sport offers a useful testing ground for many economic theories.


Assessable learning outcomes:

At the end of this module students should be able to:

1.    Set out a range of ways in which economic theory has been applied in the context of sport.

2.    Appreciate the role sporting applications play in helping us understand more about how economies operate.



 


Additional outcomes:

Outline content:

1.    The product market in sport.

2.    The labour market in sport.

3.    Betting markets and sport.

4.    Sport as a lens for economic theory.



 


Brief description of teaching and learning methods:

Contact hours:
  Autumn Spring Summer
Lectures 20 2
Practicals classes and workshops 5
Guided independent study 155 18
       
Total hours by term 180.00 20.00
       
Total hours for module 200.00

Summative Assessment Methods:
Method Percentage
Written exam 60
Project output other than dissertation 30
Class test administered by School 10

Other information on summative assessment:

Formative assessment methods:

Penalties for late submission:
The Module Convenor will apply the following penalties for work submitted late, in accordance with the University policy.

  • where the piece of work is submitted up to one calendar week after the original deadline (or any formally agreed extension to the deadline): 10% of the total marks available for the piece of work will be deducted from the mark for each working day (or part thereof) following the deadline up to a total of five working days;
  • where the piece of work is submitted more than five working days after the original deadline (or any formally agreed extension to the deadline): a mark of zero will be recorded.

  • The University policy statement on penalties for late submission can be found at: http://www.reading.ac.uk/web/FILES/qualitysupport/penaltiesforlatesubmission.pdf
    You are strongly advised to ensure that coursework is submitted by the relevant deadline. You should note that it is advisable to submit work in an unfinished state rather than to fail to submit any work.

    Length of examination:

    Requirements for a pass:

    A minimum overall mark of 40%. 


    Reassessment arrangements:

    Re-examination for all modules takes place in August of the same year.

    Reassessment is by coursework only; this will not be a re-submission of the earlier empirical project or essay; a new essay and project will be set. However, if only one of the empirical project or essay fails to meet the standard, then the student will only be required to re-submit either a new project or essay for which they previously failed.

    A new project and/or essay for re-assessment must be submitted by 18th August 2017.



     


    Additional Costs (specified where applicable):

    Last updated: 31 March 2017

    Things to do now