Economics of Sports Archives

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Economics of Sports

Many students (and teachers) are huge sports fans and illustrating economic concepts using real-world examples from the world of professional sports engages students in a way that abstract models cannot. Professional sports offers many opportunities to teach fundamental economic concepts such as supply and demand, incentives, comparative advantage, and many more. This collection of lessons will give you fresh ideas for teaching beyond the textbook.

Grades 9-12

Sports Economics: To Build or Not to Build

In this economics lesson, students will examine a public-private partnership to learn about opportunity cost.

Key Concepts: Opportunity Cost, Roles of Government, Taxes

60 mins

Lesson

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Grades 6-8

The Trading Game: Should LeBron James Mow His Own Lawn?

In this economics lesson, students will play a trading game to learn about voluntary trade.

Key Concepts: Benefits of Trade, Comparative Advantage, Trade, Exchange and Interdependence

45 mins

Lesson

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Grades 9-12

Sports Economics: Worshipping at the Altars of Adi, Phil and Kevin

Essential Question: How do entrepreneurship, competition, and specialization benefit consumers of athletic footwear and apparel? In order to gain a...

Key Concepts: Entrepreneurs, Specialization, Trade, Exchange and Interdependence

Lesson

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