August 29, 2014, BY Heather Johns


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Welcome to "Cool Classes," a regular feature that highlights the interesting, intriguing and unexpected in Bucknell University's course catalog.

What class? ECON 245: Sports Economics

Who teaches it? Professor Greg Krohn, economics

"This course applies economic concepts to explain issues like competitive imbalance within a league, the pay that different players receive, and the effects of professional sports teams on local economies.

"One exercise conducted in class is an auction of NBA players. Groups of students play the role of team owners and are graded on the profits of their hypothetical teams.

"Students are usually surprised when they become aware of the theoretical and observed effects of league policies designed to improve the competitive balance, and the economic effects of professional sports teams on a city.

"By the end of the class, students learn how the economic decisions of owners, players and fans influence the outcomes of games played over a season."

See what else is being offered by the Department of Economics.

Are we missing out on a cool class? Send suggestions to heather.johns@bucknell.edu.