Chapter 52: Sports Economics

Aju Fenn

Sports economics Sports economics is arguably the most popular undergraduate elective in the collegiate economics curriculum today. Of the top 50 liberal arts colleges surveyed, 61% of the respondents offered an elective in sports economics. Details of the survey are available upon request. The rankings are based on the U.S. News & World Report rankings (“Liberal Arts Rankings,” 2009). Of the top 50 economics departments at research universities surveyed, 43% of the respondents offered a course in sports economics (Dusansky & Vernon, 1998). The Journal of Sports Economics has added special issues to keep up with the flow of scholarship, and more than one textbook has emerged on the subject. What is sports economics? Why might a topic such as sports stimulate pedagogical and scholarly interest among academics and students who usually pursue more serious subdisciplines, such as econometrics and mathematical economics? Sports economics is the study of the allocation ...

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