Sport Economics and Finance

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.