Economics and Financial Management of Sport – SMGT 506
CG • Section 8WK • 11/08/2019 to 04/16/2020 • Modified 11/13/2020
This course provides a comprehensive synopsis of the application of economics and financial management used in the sport organization decision making context from both a macro and micro level.
For information regarding prerequisites for this course, please refer to the Academic Course Catalog.
The theory and practice of corporate finance in a context of micro and macro economic principles are essential elements of strategic financial management. The sport enterprise is a multi-billion dollar industry, thus requiring sound financial guidelines and principles for a sport company or organization to maneuver with prosperity through the marketplace. Since financing is the source by which any sport company or organization functions, it is imperative that students understand and apply key concepts to the financial decision-making process. This enables the company to maintain success.
Measurable Learning Outcomes
Upon successful completion of this course, the student will be able to:
- Demonstrate the ability to assess financial systems, markets, and basic business organizational structures in the sport context.
- Analyze financial statements, formulas, and ratios pertinent to proper financial management.
- Ascertain the various components of capital structuring.
- Develop a capital budget and plan the strategic financial management of a company.
- Examine profits and spending in an effective and efficient manner.
- Utilize financial troubleshooting mechanisms for healthy strategic financial management.
Textbook readings and presentations
Course Requirements Checklist
After reading the Syllabus and Student Expectations, the student will complete the related checklist found in Module/Week 1.
Discussion Board Forums (4)
Discussion boards are collaborative learning experiences. Therefore, the student is required to provide a thread in response to the provided prompt for each forum. The Discussion Board forums in this course are completed over the course of 2 modules/weeks. In the first module/week that the forum is assigned, the student must post a 400-word thread in response to the prompt provided. In the following week, the student must post 4 replies of at least 200 words each to his/her classmates’ threads. For each thread, he/she must support his/her assertions with at least 2 citations in current APA format. Each reply must incorporate at least 1 citation. Acceptable sources include peer-reviewed academic journals, trade journals (Sport Business Journal/Sport Business Daily, Athletic Business, Sport Business International), Forbes, Fortune, blogs by established sport business journalists, newspapers, and case examples from sport business texts (but not from the course text or existing course materials. Students should seek out information external to the course materials).
Written Assignments (7)
The student will be required to complete 7 written assignments over the duration of this course. Each written assignment must be approximately 1000-1500 words and will require the student seek out real world applications.
The student will be required to complete 1 numeric problems over the duration of the course. The instrtuctor will assign each student his/her own unique problem to solve at the beginning of the module/week. The numeric problem will be completed in Microsoft Excel and submitted.
The student will be required to complete 8 quizzes over the duration of this course. Each quiz will cover the Reading & Study material for the assigned modules/weeks. Each quiz will be open-book/open-note and contain 10 multiple-choice and/or true/false questions. Each quiz will have a 1-hour time limit.