TAILIEUCHUNG - Lecture Issues in economics today - Chapter 40

After reading this chapter, you should be able to: Define economics and the features of the economic perspective, describe the role of economic theory in economics, distinguish microeconomics from macroeconomics and positive economics from normative economics, list the categories of scarce resources and delineate the nature of the economizing problem,. | Chapter 40 If You Build it Will They Come? And Other Sports Questions Chapter Outline THE PROBLEM FOR CITIES THE PROBLEM FOR OWNERS THE SPORTS LABOR MARKET THE VOCABULARY OF SPORTS LABOR ECONOMICS The Problem for Cities If a city wants a team should it wait for expansion? Cities that succeeded with expansion Football Jacksonville, Charlotte, Cleveland*, Houston* Baseball Miami, Tampa, Denver, Phoenix lure a team from another city? Cities that succeeded with luring others Football St. Louis, Memphis, Oakland-LA-Oakland, Baltimore The Economic Impact of a Sports Teams Are lures to sports franchises the same as lures to other business? Most economists, argue that sports teams do not offer much economic impact. The reasons are Few home games (8 in football up to 81 in baseball) Local substitution: the effect of the substitution of one economic activity for another within a community, so the net effect is zero. Money spent at the stadium is mostly money that would have been spent in the .

• Kinh tế học
• Economic principles
• Economic policies
• Lecture Economics
• Normative economics
• Positive economics
• Economic theory
• Principles of economics
• Lecture Principles of economics
• Aggregate demand
• Aggregate supply
• Short run economic fluctuations
• Economic fluctuations
• Market imperfections
• The international economy
• Economic growth
• Average labor productivity
• Short term economic fluctuations
• Symptoms of business cycles
• Lecture Microeconomics
• Economic problem
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• Economic profit
• Modern economic growth
• Growth accounting
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• Lecture Macroeconomics
• Kinh tế vĩ mô
• Economic perspective
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• economic
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• ten principles of economics
• tradeoffs
• rational
• Micro ECON 5
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• Cost in the firm
• Production in the short run
• Thinking like an economist
• Economic models
• Circular flow diagram
• Production possibilities frontier