Welcome Economics Students!

The amazing Sport Management students of Professor Kaplan's Sport Economics class are taking it to the next level; incorporating the latest technology into the classroom. Their theme of 'putting it all together' is what this overall assessment is all about. Demonstrating mastery of the economic principles and concepts necessary for management decision-making in the global sport industry, the class has been researching, developing, and publishing blog content entries in a collaborative class project. All students are integrating their semester-long research and outcome assessments, breaking into student teams to edit and submit subject area content, and designated student administrators are facilitating and managing the blog, with ongoing classroom editing and interactive comment opportunities.



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Chapter 9

Key concepts:
Competitive Labor Market- there is many buyers and sellers.
Monopsonistic Labor Market- only a single buyer of labor is present.
Bilateral Monopoly- a monopolist seller of labor, generally a union, faces a monopsonistic buyer, such as a professional sports league.
It’s important to understand these concepts because as a sport manager you will deal with all types of labor markets.
Posted by Richard Turnquist

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