This unit gives students a grounding in the basics of sport economics and finance to enable students to be financially literate and comfortable with using numerical data to plan and manage the economic affairs of sport and active recreation enterprises. Students will become proficient in the critical analysis of balance sheets, income and expenditure statements, and cash flow statements. Benefit-risk analysis will be used to compare and contrast different financing tools for both the short and long term. Special attention will be given to financial performance and how financial ratios can be used to diagnose the financial health of sport and recreation organisations, events, tournaments, and programs. Techniques for constructing budgets, and estimating and monitoring future revenue, expenses, and profit levels, will also be discussed.

Unit details

Location:
Remote
Study level:
Postgraduate
Credit points:
12
Unit code:
SSI7004

Learning Outcomes

On successful completion of this unit, students will be able to:
  1. Articulate their economic and financial literacy by explaining and integrating key terms and operating principles;  
  2. Interpret financial statements through the use of ratio analysis and use the findings to assess the past performance of sport enterprises to improve future outcomes and overall sustainability;  
  3. Critically assess the impact and legacies of sport events, sporting competitions, and active recreation programs on host communities, taking into account economic, social, environmental, and health/well-being outcomes; and,  
  4. Interpret the role of data analytics as a tool for improving the financial performance of sport enterprises.  

Assessment

Assessment type Description Grade
ICT (Wiki, Web sites) Discussion board contributions (6 x 5%) (first due in session 3) 30%
Report Financial analysis report 30%
Presentation Economic, Cost-Benefit, and SROI analysis (poster/infographic 25%; presentation 15%) 40%

Required reading

Financial Management in the Sport Industry.
Brown, M. T., Rascher, D. A., Nagel, M. S., & McEvoy, C. D. (2021).
Milton: Taylor & Francis Group.

Where to next?

As part of a course

This unit is studied as part of the following courses. Refer to the course page for information on how to apply for the course.

VU takes care to ensure the accuracy of this unit information, but reserves the right to change or withdraw courses offered at any time. Please check that unit information is current with the Student Contact Centre.