PORTFOLIO

IN
ELECTIVE II
ECONOMICS IN
SPORTS AND
WELLNESS

SUBMITTED BY:
SUBMITTED TO:
AMIEL BARIBAR
PROF. MARIJOY R. SAMSON
IV-BBPW
 COLLEGE OF
HUMAN KINETICS

VISION
The CHK envisions to be recognized as one of the
exemplary leading educational institutions in physical
wellness, sports and recreation industry. It commits to
produce physically educated, health and wellness
advocates, service oriented practitioners who will deliver
the competencies of teaching and the demands of the
corporate industry.

MISSION

To attain its vision, the CHK will provide comprehensive

and cross-disciplinary curriculum that are responsive to
the needs of the students and other stakeholders. It shall
promote excellence in teaching and management of sports
and wellness education.
 UNIVERSITY OF
MAKATI
VISION
We envision the University of Makati as the primary
instrument where University education and Industry training
programs interface to mold Makati youth into productive
citizens and IT-enabled professionals who are exposed to
cutting-edge technology in their areas of specialization. The
University shall be the final stage of Makati City's integrated
primary level to university educational system that allows its
less privileged citizens to compete for high-paying job
opportunities in its business and industries.

MISSION
To achieve our vision, the University of Makati shall mold
highly competent professionals and skilled workers from the
children of poor Makati residents while inculcating in them
good moral values and desirable personality development by
offering baccalaureate degree, graduate degree, and non-
degree programs with parallel on campus social, cultural,
sports and other co-curricular activities.
 CONTENTS

SPORTS IN THE ECONOMY

-Sports Accounting
-The Production of Professional Team
-SportsSport and Gambling Sponsorship

DEMAND SPORTS
-The demand for sports
-The demand for spectator sports
-Attendance at sports events
-The demand for sports
broadcasting
-The demand for media coverage
COST BENEFITS ANALYSIS OF SPORTS
-Economic Impact analysis
-Physical Activity, Sport and Health
-Employment in Sport
-Sporting Externalities
-The Economic Impact of Mega sporting events
-The Olympics
-The World Cup
-The economic impact of sporting facilities
-Voluntary work in sport

SPORTING GOVERNANCE AND THE STATE

-Governance and governing bodies in sports
-The economics of the NOC/IOC
-Government objectives and sport
-Central government and sport
-Sport and Financing
-Military Sport
 CONTENTS
INDIVIDUALISTIC SPORTS
-Theory of Sport Tournaments
-Implication from the Theory of contest for modelling and designing sport completion.
-Citius, Altius, Fortius: the production of world records in the running and technical disciplines
in track and field.
-The competitive structure in professional boxing, or why the best boxers very seldom
fight each other
-The Economic of Collegiate Athletics
-Organizational Models of Professional Team Sports Leagues
-The Economics of Intercollegiate Sports and the NCAA
PRINCIPAL ECONOMIC
-Uncertainty of oISutScUomEeS, competitive
balance and the theory of teams ports
-The objective function of a team
-Production functions for sporting teams
-The Retain and Transfer system
-The luxury tax in Professional sports

DYSFUNCTIONS IN SPORTS
-Racial Discriminations
-Gender Discrimination
-Doping Corruption

ECONOMIC OF PHYSICAL ACTIVITY

-Non-profit economic (financing sports clubs, voluntary work)
-Financing Sport Leagues ( broadcast rights, revenue sharing, transfer fees, fan bonds)
-Labor market for players (player contracts and principal-agent problems, salary
determinants, Moneyball)
-Economic of Sport events (economic impact, cost-benefit analysis, intangible effects)
 CONTENTS
SPORT AND THE ECONOMY: What are
the Characteristics of Commercial Sports?
-Emergence and growth of Commercial Sports
-Commercialization and Changes in Sports
-The Organizations of Professional Sports in the Philippines.
-The Organization of Amateur Sports
-Legal Status and Incomes of Athletes in Commercial.
 DOCUMENTATION

Sports economics is an economics subject that

focuses on the relationship between sports and
economics. It covers both how economists may
examine the unique institutions of sports and how
sports can help economists explore a variety of
problems, including discrimination and antitrust
legislation.
 DOCUMENTATION

This essay examines the international literature on professional sport

demand. The first section introduces a conceptual framework for
analyzing the sources and determinants of professional sporting event
demand. The second section examines empirical information on
important factors of sporting event attendance as well as other demand
sources such as broadcasting, sponsorship, and merchandising. The
review finds that there is still much to learn about professional sport
demand, and that there are no easy conclusions to be drawn from the
existing literature. However, studies of attendance demand provide key
signals about the consequences of uncertainty of outcome, contest
quality, and viewing quality.
 DOCUMENTATION

Using a simple numerical example of a fictional

international sports event, we attempt to demonstrate that
there is a fundamental distinction between what is
commonly referred to as an economic impact study of a
sports event and a cost- benefit analysis in this paper. The
distinction is significant since an economic impact analysis
produces no evidence that the government should support
the event. The relevant information can only be obtained
through a cost-benefit analysis.
 DOCUMENTATION

Sport governance is the exercise of power that takes into account

factors such as influence, authority, and the form of decision-making
(Hums & MacLean, in press). Local, state, national, and
international governance are all possible. Local sport clubs' outreach
to underserved youth; board member interactions and their influence
on state athletic associations; national sport governing bodies'
strategies for focusing on elite performance or mass participation;
and corruption in the awarding of major international competitions,
such as the Olympics, are just a few examples. The exercise of
power has the capacity to influence sport participants, sport
organizations, and other stakeholders in each of these scenarios.
 DOCUMENTATION

Certain sports, such as golf, bowling, and tennis, are

primarily considered individual sports, meaning they are
played without the participation of teammates. There are
exceptions, such as the Ryder Cup in golf, which pits two
teams from opposite sides of the Atlantic against each other,
but most competitions are for an individual trophy. Among
the thousands of individual sports are the following:
Badminton Bowling Boxing Cycling Skating figures Golf
Skiing Snowboarding Surfing Swimming Athletics (track and
field) Wrestling
 DOCUMENTATION

There are thousands of individual sports, and the skill

requirements for each vary widely; nonetheless, most individual
athletes require the same skills. Most have good cardiovascular
fitness, which allows them to practice and play for long periods of
time. The majority of them are muscular and flexible. One of the
key advantages of competing in an individual sport is that the
athlete can enhance her talents at her own speed. Although there
are thousands of different sports with different skill needs, most
individual athletes require the same skills. Most of them are in
good cardiovascular shape, allowing them to practice and play for
extended periods of time. They are primarily muscular and
flexible. One of the biggest benefits of competing in an individual
sport is that the athlete can develop her skills at her own pace.
 DOCUMENTATION

Sports economics is an economics subject that focuses on

the relationship between sports and economics. It covers
both how economists may examine the unique
institutions of sports and how sports can help economists
explore a variety of problems, including discrimination
and antitrust legislation. Economic principles are the
governing norms of the economics discipline. Economic
principles cover a wide range of topics, including
economic decisions, economic functioning, and popular
engagement. People's economic decision-making
processes are governed by specific economic principles.
 DOCUMENTATION

Recruiting athletes based on athletic ability rather than academic

ability, falsifying grades, majoring in eligibility, requiring athletes
to participate in unauthorized practices, leaving them little time for
their studies, and under the table payments are all examples of
sport's dysfunctional consequences.
 DOCUMENTATION

Physical fitness has been determined to have a

favorable influence on the economy in terms of
discounted lifetime expenses, annual direct health
care expenditures, productivity due to reduced
absenteeism, and capacity for independent living
among older persons by economists over the years.
Physical activity has two important economic
benefits: it saves money on health care and has a
positive impact on the economy.
 DOCUMENTATION

Sports have never been as marketed as they are now throughout

history. Conditions for Commercial Sports to Emerge and Grow -A
market economy that values material rewards. -Large, densely
inhabited cities with a large number of potential spectators -A level of
living that allows people to have access to time, money, transportation,
and the media. -Enormous sums of money (for venue construction
and maintenance). -An emphasis on consumption and material status
markers in culture. Commercial Sports and Class Relations -For
example, the interests and priorities of powerful and wealthy
individuals typically affect which sports are commercialized. -Because
golf is popular among the wealthy, it receives television coverage
despite poor ratings. -Football propagates the following ideologies:
Men have advantages. It honors masculinity. Reaffirms competition as
a cultural priority. -As a result, it has been actively promoted and
broadcast since the 1960s.
 NARRATIVE REPORT
Of all the reported topics from beginning to end what I have
learned is that sports on the surface world are truly
immense not just on one topic but many of them. Sports
have different classes with positives and negatives. The
topics covered in sports are first and foremost sports in the
economy, secondly demand of sports, thirdly cost benefit
analysis of sports, and fourthly, sporting governance and
the state and fifthly individualistic sports. It all has different
meanings but it’s all embedded in sports. In the sixth topic,
individualistic sports is different from the fifth topic. The
seven topics are principle economic issues and the eighth is
dysfunction sports and the ninth topic is economic physical
activity. and the last one is the topic of sports and the
economy.
BIOGRAPH
Y