The Puzzling Economics of
the World of Sports
Society Values and Norms and
the Laws of Supply and Demand:
Students are asked to read the following blog and complete the assignment.
Allen R. Sanderson, associate chair of the Department of Economics at the University of Chicago, teaches a course on the economics of sports and does research on competitive balance, sports labor markets, and economic impact analyses.
In the following article, Mr. Sanderson begins to ask the question, why are professional athletes vilified about their salaries, when many other industries make much more?
Assignment: In a blog, no less than 400 words, give your opinion as to the questions brought about by Mr. Sanderson. Take into consideration the concepts and and ideas of economics previously discussed in class and the importance of understanding human behavior.
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