Economics of Sports Archives

Grades 9-12

That's the Ticket: The Economics of Ticket Scalping

In this economics lesson, students will apply supply and demand to learn about price ceilings in the ticket market.

Key Concepts: Markets and Prices, Price Ceilings and Floors

30 mins

Lesson

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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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Grades 6-8, 9-12

Sports Economics: The Mystery of the 2,333,232% Pay Raise

Students will use the "Handy Dandy Guide to Economic Thinking" to solve an economic mystery. Yasiel Puig left his home...

Key Concepts: Economic Systems, Incentive

Lesson

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Grades 9-12

The Economics of Pro Sports: Why are the Cowboys and Yankees so Valuable?

This lesson investigates the value of sports franchises in the various professional sports leagues. Students will investigate the revenues and...

Key Concepts: Credit, Decision Making/Cost-Benefit Analysis, Incentive…

Lesson

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Grades 6-8, 9-12

Baseball Economics 201

As many baseball fans can tell you, the New York Yankees usually have a great season record, make the playoffs...

Key Concepts: Business Costs and Revenues, Division of Labor/Specialization, Incentive…

Lesson

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Grades 9-12

Why does Eli Manning Make $24 million per year?

What determines a person's salary? Why do professional athletes make so much money? People who work as firefighters, police officers...

Key Concepts: Budgeting, Demand, Distribution of Income…

Lesson

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Grades 9-12

$16 Billion to Host the Summer Olympic Games: Is it worth it?

Students learn about costs and revenues related to the 2016 Summer Games in Rio de Janeiro. Discussion questions about estimated...

Key Concepts: Decision Making/Cost-Benefit Analysis, Public-Choice Analysis, Roles of Government

Lesson

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Grades 9-12

Curriculum Tackles Economics Through the Lens of Sports

This NY1 segment features Jonathan Joseph, an economics teacher at White Plains High School (NY) and recipient of the Alfred...

Key Concepts: Demand, Markets and Prices, Roles of Government

Video

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Grades 9-12

Should the NCAA Pay College Athletes?

PBS Economics correspondent Paul Solman examines the cases for and against paying student athletes. He interviews Ed O'Bannon, the former...

Key Concepts: Division of Labor/Specialization, Producers

Video

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Grades 9-12

Making Sen$e with Paul Solman: Where the Bailout Money Comes From

Paul Solman explains how the government will produce the money to fund its economic-rescue measures while trying to keep inflation...

Key Concepts: Economic Institutions, Fiscal Policy, Money

Video

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Lesson

Video

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