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Course, academic year 2023/2024
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Sport Economics - PMNG236NC
Title: Sport Economics
Guaranteed by: Department of Sport Management (51-300100)
Faculty: Faculty of Physical Education and Sport
Actual: from 2023
Semester: winter
Points: 0
E-Credits: 6
Examination process: winter s.:
Hours per week, examination: winter s.:2/2, C+Ex [HT]
Capacity: unknown / unknown (0)
Min. number of students: unlimited
4EU+: no
Virtual mobility / capacity: no
Key competences:  
State of the course: taught
Language: English
Teaching methods: full-time
Teaching methods: full-time
Level:  
Guarantor: doc. PhDr. Jan Šíma, Ph.D.
Incompatibility : PMNG236
Interchangeability : PMNG236
Annotation -
Last update: PhDr. Josef Voráček, Ph.D. (03.05.2022)
The course is designed to help students to understand the basic concepts of financial management. Also to master the ability to apply these concepts to analyze financial problems in the sport; further understand the specific analytical techniques used by financial managers and the ability to apply these techniques to economic problems; understand the current state of the economy of different sports.
Aim of the course -
Last update: doc. PhDr. Jan Šíma, Ph.D. (08.11.2023)

After graduating from Sport Economics, the student can, therefore, acquire the knowledge enabling:

 

  • analyze sport as a business and assess the economic importance of sport
  • evaluate the impact of fan preferences, fan income, entertainment substitutes, fan expectations and population on the demand function
  • understand and critically evaluate the institutional and organisational provision of sport in the Czech Republic
  • explain the economic specifics of professional league competitions
  • describe the main sources of income and the structure of expenditure of professional sports clubs
  • assess the current state of imbalance in professional sport competitions using statistical and theoretical tools
  • understand and critically evaluate the system of sport financing in the Czech Republic
Course completion requirements -
Last update: PhDr. Josef Voráček, Ph.D. (03.05.2022)

Credit: seminar paper on a selected topic in the field of sports economics, its presentation, written test
Examination: oral examination

Literature -
Last update: PhDr. Josef Voráček, Ph.D. (03.05.2022)

Andreff, W., & Szymanski, S. (Eds.). (2006). Handbook on the Economics of Sport. Edward Elgar Publishing.
Sandy, R., Sloane, P., & Rosentraub, M. (2017). The economics of sport: An international perspective. Macmillan International Higher Education.

Syllabus -
Last update: PhDr. Josef Voráček, Ph.D. (03.05.2022)

Lectures:

  1. Sport and its position in the national economy from the point of view of macroeconomics, the influence of sport on the macroeconomic outputs of the state.
  2. Impacts and multiplication factors of investments in physical education and sport - macroeconomic model, microeconomic model, positive and negative externalities and ways to solve them
  3. Conception and support of sport from public budgets - support of sport at the state level, at the region level and at the county level
  4. Institutional and organizational security of sport
  5. Financing of profit and non-profit sports organizations
  6. Taxes in sport. Taxation of natural and legal persons in sports.
  7. Demand and supply of production in sports.
  8. Cardinalist and ordinalist theory of utility with application to sport
  9. Economic specifics of professional competitions, structure of collective competitions
  10. Model of functioning and financing of a professional sports club, goals of a professional sports club
  11. Labor market in professional sport in the context of the European Union - demand and supply on the labor market, sports nationality in the context of European Union law
  12. Financing of sports facilities - construction and investment in sports infrastructure, structure of incomes and expenses.
  13. Classification of economic goods with application to sports
  14. Establishment of a sports non-profit organization

Seminars.

  1. Areas of economic analysis in sport
  2. Macroeconomic scheme of goods and financial flows in the theory and practice of the sports environment
  3. The share of sport in GDP and consumer spending, sport and employment
  4. Typology of subsidies in sport, subsidies from the state budget, government programs of financial assistance in sport
  5. Traditional and new sources of financing for physical education units and sports clubs
  6. Tax laws affecting sports associations
  7. Financing of the Olympic movement
  8. Professional sports club as a company
  9. Economic specifics of the functioning of professional competitions and clubs
  10. Performance measurement in professional sports team games
  11. Regulatory tools of North American leagues
  12. Collective bargaining - labor market in professional team sports games
  13. Economic evaluation of player quality
  14. Economic situation of Czech professional sports clubs
 
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