On successful completion of the module, students should be able to:
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Discuss the issues that are relevant to how sporting agents maximise their expected payoff.
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Determine the conditions under which sporting agents maximize their expected payoff.
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Outline ways in which competitive balance can be measured.
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Determine whether attempts to improve competitive balance in a league can be successful.
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Outline how market power in the output and input market can affect sporting outcomes.
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Evaluate whether government bodies should invest in major sporting facilities and/or events.
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Determine what conditions are required to prevent cheating in sporting contests.
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Outline how the expected monetary return to gambling can be affected by market structure and the presence of asymmetric information.