Economics of Sports

Curriculum Materials

Lesson Make and Takes (pdf)

PowerPoints

• Introduction / Lesson 1
• Lesson 2
• Lesson 3
• Lesson 4

Curriculum Unit with Additional Handouts

• Economics of Sports Lessons Combined (pdf)
• Visual (doc)
  
• Handout (doc)

Do your students love sports? Probably.

Do your students love economics? Probably not.

Come learn about the economics of sports and give your students the opportunity to study economics in a context that catches their interest.

This workshop will cover a wide variety of economic concepts and sports industry examples, including:

• money management, which utilizes the ESPN Films documentary "30 for 30: Broke" to explore the stories of famous athletes who have blown enormous sums of money;
• the forces of supply and demand as they play out in the market for professional soccer players in Europe;
• entrepreneurship through the stories of athletic equipment companies Adidas, Nike and Under Armour;
• command versus market economies by examining why athletes like the Cuban baseball star Yasiel Puig are willing to take great risks to immigrate to the United States; and
• factors of production realized through a guided group tour of the Louisville Slugger Factory and Museum.

Teachers will receive professional development credit for attending.

The program includes all materials, lunch and the tour. The event is free, but registration is required by July 11, 2016.

If you have any questions, email Erin Yetter at erin.a.yetter@stls.frb.org.