ERIC Number: EJ773168
Record Type: Journal
Publication Date: 2006
Pages: 5
Abstractor: Author
ISBN: N/A
ISSN: ISSN-0883-2323
EISSN: N/A
Teaching Market Mechanisms and Human Capital in Economics Courses: Examples from Jersey Transactions in Professional Sports
Mixon, Franklin G.; Salter, Sean P.; Withers, Michael C.
Journal of Education for Business, v82 n1 p35-39 Sep-Oct 2006
As professional athletes are traded from team to team, various in-kind and monetary transactions for certain jersey numbers are becoming more common. Given the size of some of the recent payments, these stories have transitioned from relative obscurity to mainstream sports news. In this article, the authors provide two areas where these kinds of interactions can enhance the learning experience in undergraduate microeconomics or undergraduate labor and sports economics. These are (a) simple, illustrative ways of discussing the importance of markets (and related concepts), and (b) an interesting extension of G. S. Becker's (1975) human capital theory. (Contains 1 table.)
Descriptors: Microeconomics, Learning Experience, Athletes, Human Capital, Economics Education, Sport Psychology, Case Method (Teaching Technique), Labor Market
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Publication Type: Journal Articles; Reports - Descriptive
Education Level: Adult Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Grant or Contract Numbers: N/A