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Integrating sports into economics teaching

In: Teaching Sports Economics and Using Sports to Teach Economics

Author

Listed:
  • John J. Siegfried
  • Allen R. Sanderson

Abstract

Integrating real-world examples into undergraduates' daily lives from pop culture to education and family can be the enticing sugar to make the economic medicine go down. Adding sports cases to teach college economics also attracts and maintains students' interest, allowing them to draw from personal experiences as they struggle to master principles of economics. Relative prices, opportunity costs, tradeoffs, marginal analysis, supply and demand, input and output market structures, efficiency, game theory and strategic decision-making, economic rent, risk and uncertainty, and the economic role of government are basic principles that easily can be taught through sports examples. The plethora of data, as well as constant coverage of the world of sports in media outlets, adds to the instructor's quiver. In this chapter we try to convey the value of using sports and to illustrate some of the ways in which it can be done.

Suggested Citation

  • John J. Siegfried & Allen R. Sanderson, 2022. "Integrating sports into economics teaching," Chapters, in: Teaching Sports Economics and Using Sports to Teach Economics, chapter 1, pages 2-33, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:20612_1
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    Keywords

    Economics and Finance; Teaching Methods;

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