Faculty of Business and Law

School: Business

This unit information may be updated and amended immediately prior to semester. To ensure you have the correct outline, please check it again at the beginning of semester.

  • Unit Title

    Sport and Leisure Economics and Finance
  • Unit Code

    SPM2114
  • Year

    2015
  • Enrolment Period

    1
  • Version

    1
  • Credit Points

    15
  • Full Year Unit

    N
  • Mode of Delivery

    On Campus

Description

This unit provides an overview of economic theory and its inter-relationship, impacts and challenges for the sport and recreation industry. The unit also examines the concepts of supply and demand, pricing, markets and demand assessment relevant to the provision of sport and recreation. Students will be introduced to the processes used to assess the financial health of organisations enabling them to develop the financial management skills required for managing sporting clubs, recreation services, State Sporting Associations and professional sport and recreation organisations.

Learning Outcomes

On completion of this unit students should be able to:

  1. Assess the financial health of a sport and recreation organisation in undertaking a number of basic financial tasks such as preparing a spread sheet, a budget, a break even analysis, and the analysis of a financial statement.
  2. Demonstrate the impacts of economic activity on the sport and recreation industry.
  3. Explain the basic economic concepts of supply, demand and pricing as they relate to the sport and recreation industry.
  4. Maintain the financial records for a sport and recreation business, club, society or association.
  5. Undertake a basic economic assessment of the sport and recreation industry.

Unit Content

  1. Economic concepts including supply and demand, pricing, markets, demand assessment and pricing policies and strategies.
  2. Economic theory, and the impact on the sport and recreation industry.
  3. Examination and evaluation of financial records and statements for sport and recreation organisations.
  4. Financial analysis of sport and recreation businesses, clubs, societies and associations.
  5. Preparation of a spread sheet, a budget and a break even analysis for a sport and recreation organisation.

Additional Learning Experience Information

The mode of delivery for this unit is through weekly on campus seminars. The teaching and learning approach in this unit is enhanced through in-class discussions on golbal economic conditions that impact on organisational management and financial decision making. Critical appraisal and the ability to generate ideas are emphasised. This unit also provides for engaged teaching and learning where the students are encouraged to discuss and debate the financial health or illness of various sport and recreation organisations with guest speakers from industry. Successful completion of the unit requires individual assessment items which are assessed for quality academic and professional standards, including written communication (structure, language and conventions), critical analysis (depth of thought, development of argument, logical analysis and insight), depth and breadth of coverage and ability to research effectively using both academic and contemporary sources. Students are also required to undertake periodic in class tests and present a realistic financial plan for a sport or recreation association.

Assessment

GS1 GRADING SCHEMA 1 Used for standard coursework units

Students please note: The marks and grades received by students on assessments may be subject to further moderation. All marks and grades are to be considered provisional until endorsed by the relevant Board of Examiners.

ON CAMPUS
TypeDescriptionValue
AssignmentGrant Memo and Application25%
TestIn-class Tests30%
ReportFunding and Finance Report45%

Text References

  • ^ Stewart, B. (2015). Sport funding and finance (2nd ed.). Oxon, England: Routledge.

^ Mandatory reference


Disability Standards for Education (Commonwealth 2005)

For the purposes of considering a request for Reasonable Adjustments under the Disability Standards for Education (Commonwealth 2005), inherent requirements for this subject are articulated in the Unit Description, Learning Outcomes and Assessment Requirements of this entry. The University is dedicated to provide support to those with special requirements. Further details on the support for students with disabilities or medical conditions can be found at the Access and Inclusion website.

Academic Misconduct

Edith Cowan University has firm rules governing academic misconduct and there are substantial penalties that can be applied to students who are found in breach of these rules. Academic misconduct includes, but is not limited to:

  • plagiarism;
  • unauthorised collaboration;
  • cheating in examinations;
  • theft of other students' work;

Additionally, any material submitted for assessment purposes must be work that has not been submitted previously, by any person, for any other unit at ECU or elsewhere.

The ECU rules and policies governing all academic activities, including misconduct, can be accessed through the ECU website.

SPM2114|1|1

Faculty of Business and Law

School: Business

This unit information may be updated and amended immediately prior to semester. To ensure you have the correct outline, please check it again at the beginning of semester.

  • Unit Title

    Sport and Leisure Economics and Finance
  • Unit Code

    SPM2114
  • Year

    2015
  • Enrolment Period

    2
  • Version

    1
  • Credit Points

    15
  • Full Year Unit

    N
  • Mode of Delivery

    On Campus

Description

This unit provides an overview of economic theory and its inter-relationship, impacts and challenges for the sport and recreation industry. The unit also examines the concepts of supply and demand, pricing, markets and demand assessment relevant to the provision of sport and recreation. Students will be introduced to the processes used to assess the financial health of organisations enabling them to develop the financial management skills required for managing sporting clubs, recreation services, State Sporting Associations and professional sport and recreation organisations.

Learning Outcomes

On completion of this unit students should be able to:

  1. Assess the financial health of a sport and recreation organisation in undertaking a number of basic financial tasks such as preparing a spread sheet, a budget, a break even analysis, and the analysis of a financial statement.
  2. Demonstrate the impacts of economic activity on the sport and recreation industry.
  3. Explain the basic economic concepts of supply, demand and pricing as they relate to the sport and recreation industry.
  4. Maintain the financial records for a sport and recreation business, club, society or association.
  5. Undertake a basic economic assessment of the sport and recreation industry.

Unit Content

  1. Economic concepts including supply and demand, pricing, markets, demand assessment and pricing policies and strategies.
  2. Economic theory, and the impact on the sport and recreation industry.
  3. Examination and evaluation of financial records and statements for sport and recreation organisations.
  4. Financial analysis of sport and recreation businesses, clubs, societies and associations.
  5. Preparation of a spread sheet, a budget and a break even analysis for a sport and recreation organisation.

Additional Learning Experience Information

The mode of delivery for this unit is through weekly on campus seminars. The teaching and learning approach in this unit is enhanced through in-class discussions on golbal economic conditions that impact on organisational management and financial decision making. Critical appraisal and the ability to generate ideas are emphasised. This unit also provides for engaged teaching and learning where the students are encouraged to discuss and debate the financial health or illness of various sport and recreation organisations with guest speakers from industry. Successful completion of the unit requires individual assessment items which are assessed for quality academic and professional standards, including written communication (structure, language and conventions), critical analysis (depth of thought, development of argument, logical analysis and insight), depth and breadth of coverage and ability to research effectively using both academic and contemporary sources. Students are also required to undertake periodic in class tests and present a realistic financial plan for a sport or recreation association.

Assessment

GS1 GRADING SCHEMA 1 Used for standard coursework units

Students please note: The marks and grades received by students on assessments may be subject to further moderation. All marks and grades are to be considered provisional until endorsed by the relevant Board of Examiners.

ON CAMPUS
TypeDescriptionValue
AssignmentGrant Memo and Application25%
TestIn-class Tests30%
ReportFunding and Finance Report45%

Text References

  • ^ Stewart, B. (2015). Sport funding and finance (2nd ed.). Oxon, England: Routledge.

^ Mandatory reference


Disability Standards for Education (Commonwealth 2005)

For the purposes of considering a request for Reasonable Adjustments under the Disability Standards for Education (Commonwealth 2005), inherent requirements for this subject are articulated in the Unit Description, Learning Outcomes and Assessment Requirements of this entry. The University is dedicated to provide support to those with special requirements. Further details on the support for students with disabilities or medical conditions can be found at the Access and Inclusion website.

Academic Misconduct

Edith Cowan University has firm rules governing academic misconduct and there are substantial penalties that can be applied to students who are found in breach of these rules. Academic misconduct includes, but is not limited to:

  • plagiarism;
  • unauthorised collaboration;
  • cheating in examinations;
  • theft of other students' work;

Additionally, any material submitted for assessment purposes must be work that has not been submitted previously, by any person, for any other unit at ECU or elsewhere.

The ECU rules and policies governing all academic activities, including misconduct, can be accessed through the ECU website.

SPM2114|1|2