Economic and Financial Management of Sport (5 cr)

Materials

Winfree, J.A., Rosentraub, M.S., Mills, B.M. and Zondiak, M. (2018). Sports Finance and Management, 2nd Edition. Available as e-book in JAMK Library.

Evaluation scale

0-5

Completion alternatives

Accreditation (replacement and inclusion)
Recognition of informal learning
Studification

Further instructions can be found in the Degree Regulations and in the Bachelor's Degree study guide.

Further information

The assessment of the course is based on the following credits:
1) exercises and assignments (100%, 5 ECTS)

Open UAS 5

Student workload

Allocation of time on various tasks and student work load in total 135 h
Lectures 16 h
Independent familiarization with literature and videos 38 h
Independent exercises and assignments 81 h

Assessment criteria, satisfactory (1)

Adequate 1
You are able to identify and define economic and financial concepts, but you struggle to apply them to sport business cases. You can read academic literature with a basic understanding of the main points. You take responsibility of your own work. You are able to communicate your findings in oral and written form responsibly. There are some issues in complying with JAMK reporting instructions.

Satisfactory 2
You are able to identify and define economic and financial concepts, but have some difficulty applying them to sport business cases. You can generally understand related academic literature, but struggles to connect the main points with the course objectives. You are able to work independently and take responsibility of your team’s work. You are able to communicate your findings in oral and written form responsibly. There are minor issues in complying with JAMK reporting instructions.

Assessment criteria, good (3)

Good 3
You are able to generally understand and apply economic and financial concepts to sport business cases with few errors and understand related academic literature. You can combine the theoretical framework and practice. You can evaluate your work and develop your knowhow. You are able to communicate your findings in oral and written form responsibly in a well-structured manner. Your text mainly follows the JAMK reporting instructions.

Very Good 4
You are able to understand and apply economic and financial concepts to sport business cases, You are able to analyze sports finance related academic literature in a very good manner. You are able to critically analyze your learning and develop your skills. You can produce relevant, logical and analytical content. You are able to communicate your findings in oral and written form responsibly and in a well-structured manner, and according to JAMK reporting instructions.

Assessment criteria, excellent (5)

Excellent 5
You are able to precisely understand and apply economic and financial concepts to sport business cases. You can critically analyze sport finance related academic literature in an excellent manner. You take responsibility of developing your expertise in this area and you are able to critically evaluate your own learning and progression. You present convincing results and content, and you are able to combine different frameworks and findings in your reporting. You are able to communicate your findings in oral and written form responsibly and in a well-structured manner, complying fully with JAMK reporting instructions.

Content scheduling

Lectures
Lecture 1: Thu 27.10. at 12:00-18:00 | 6hrs
Lecture 2: Fri 28.10. at 09:00-16:00 | 6hrs
Lecture 3: Sat 29.10. at 09:00-14:00 | 4hrs

Exercises and assignments

Exam schedules

The course does not include an exam.

Teaching language

en

Teaching methods

Lectures
Literature
Video material
Exercises and assignments
Guidance and feedback

Location and time

Face-to-face lectures will be held as follows:

Lecture 1: Thu 27.10. at 12:00-18:00
Lecture 2: Fri 28.10. at 09:00-16:00
Lecture 3: Sat 29.10. at 09:00-14:00

Number of ECTS credits allocated

5

Qualifications

BBA in business or economics or sport or equal.

Content

The economic and financial management approaches used in sport organizations
-Financial statements
-Risk and uncertainty
-Time value of money
-Budgeting
-Economic impact of sport
-Valuation of sport assets

Objective

Upon completion of this course a student will be able to
-Assess financial systems, markets, and basic business organizational structures in the sport context.
-Analyze financial statements and metrics pertinent to sound financial management of a sport organization.
-Apply capital budgeting decision-making tools in a sport context.
-Identify new sources of value that can incrementally increase a sport organizations resources.