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Economic and Financial Management of SportLaajuus (5 cr)

Code: YHSW0500

Credits

5 op

Teaching language

  • English

Responsible person

  • Aila Ahonen

Objective

Upon completion of this course a student will be able to
-Assess financial systems, markets, and basic business organizational structures in the sport context.
-Analyze financial statements and metrics pertinent to sound financial management of a sport organization.
-Apply capital budgeting decision-making tools in a sport context.
-Identify new sources of value that can incrementally increase a sport organizations resources.

Content

The economic and financial management approaches used in sport organizations
-Financial statements
-Risk and uncertainty
-Time value of money
-Budgeting
-Economic impact of sport
-Valuation of sport assets

Qualifications

BBA in business or economics or sport or equal.

Assessment criteria, satisfactory (1)

Adequate 1
You are able to identify and define economic and financial concepts, but you struggle to apply them to sport business cases. You can read academic literature with a basic understanding of the main points. You take responsibility of your own work. You are able to communicate your findings in oral and written form responsibly. There are some issues in complying with JAMK reporting instructions.

Satisfactory 2
You are able to identify and define economic and financial concepts, but have some difficulty applying them to sport business cases. You can generally understand related academic literature, but struggles to connect the main points with the course objectives. You are able to work independently and take responsibility of your team’s work. You are able to communicate your findings in oral and written form responsibly. There are minor issues in complying with JAMK reporting instructions.

Assessment criteria, good (3)

Good 3
You are able to generally understand and apply economic and financial concepts to sport business cases with few errors and understand related academic literature. You can combine the theoretical framework and practice. You can evaluate your work and develop your knowhow. You are able to communicate your findings in oral and written form responsibly in a well-structured manner. Your text mainly follows the JAMK reporting instructions.

Very Good 4
You are able to understand and apply economic and financial concepts to sport business cases, You are able to analyze sports finance related academic literature in a very good manner. You are able to critically analyze your learning and develop your skills. You can produce relevant, logical and analytical content. You are able to communicate your findings in oral and written form responsibly and in a well-structured manner, and according to JAMK reporting instructions.

Assessment criteria, excellent (5)

Excellent 5
You are able to precisely understand and apply economic and financial concepts to sport business cases. You can critically analyze sport finance related academic literature in an excellent manner. You take responsibility of developing your expertise in this area and you are able to critically evaluate your own learning and progression. You present convincing results and content, and you are able to combine different frameworks and findings in your reporting. You are able to communicate your findings in oral and written form responsibly and in a well-structured manner, complying fully with JAMK reporting instructions.

Enrollment

18.08.2023 - 05.09.2023

Timing

01.10.2023 - 19.12.2023

Number of ECTS credits allocated

5 op

Virtual portion

3 op

Mode of delivery

40 % Face-to-face, 60 % Online learning

Unit

School of Business

Campus

Main Campus

Teaching languages
  • English
Seats

0 - 35

Degree programmes
  • Master's Degree Programme in Sport Business Management
Teachers
  • Aki Laaksonen
Groups
  • ZJAYHS23S1
    Avoin AMK, lita, YAMK-polut, Sport Business Management
  • ZJA23SH
    Avoin amk, lita
  • YHS23S1
    Master's Degree Programme in Sport Business Management
  • YHS22S1
    Master's Degree Programme in Sport Business Management

Objectives

Upon completion of this course a student will be able to
-Assess financial systems, markets, and basic business organizational structures in the sport context.
-Analyze financial statements and metrics pertinent to sound financial management of a sport organization.
-Apply capital budgeting decision-making tools in a sport context.
-Identify new sources of value that can incrementally increase a sport organizations resources.

Content

The economic and financial management approaches used in sport organizations
-Financial statements
-Risk and uncertainty
-Time value of money
-Budgeting
-Economic impact of sport
-Valuation of sport assets

Time and location

Face-to-face lectures (contact days) will be held as follows:

Lecture 1: Thu 26.10. at 12:00-18:00
Lecture 2: Fri 27.10. at 09:00-16:00
Lecture 3: Sat 28.10. at 09:00-14:00

Learning materials and recommended literature

Brown, M.T., Rascher, D.A., Nagel, M.S. and McEvoy, C.D. (2021). Financial Management in the Sport Industry, 3rd Edition. Available as printed book in Jamk library.

Wilson, R. (2011). Managing Sport Finance, 1st Edition. Available as e-book in Jamk Library.

Winfree, J.A., Rosentraub, M.S., Mills, B.M. and Zondiak, M. (2018). Sports Finance and Management, 2nd Edition. Available as e-book in Jamk Library.

Teaching methods

Lectures
Literature
Video material
Exercises and assignments
Guidance and feedback

Exam dates and retake possibilities

The course does not include an exam.

Alternative completion methods

Accreditation (replacement and inclusion)
Recognition of informal learning
Studification

Further instructions can be found in the Degree Regulations and in the degree study guide.

Student workload

Allocation of time on various tasks and student work load in total 135 h
Lectures 18 h
Independent familiarization with literature and videos 37 h
Independent exercises and assignments 80 h

Content scheduling

Lectures (contact days)
Lecture 1: Thu 26.10. at 12:00-18:00 | 6 hrs
Lecture 2: Fri 27.10. at 09:00-16:00 | 7 hrs
Lecture 3: Sat 28.10. at 09:00-14:00 | 5 hrs

Exercises and assignments

Further information for students

The assessment of the course is based on the following credits:
- exercises and assignments (100%, 5 ECTS)

Grading scale 0-5 (exercises and assignments)
Grading scale pass/fail (pre-assignment, discussions)

Evaluation scale

0-5

Evaluation criteria, satisfactory (1-2)

Adequate 1
You are able to identify and define economic and financial concepts, but you struggle to apply them to sport business cases. You can read academic literature with a basic understanding of the main points. You take responsibility of your own work. You are able to communicate your findings in oral and written form responsibly. There are some issues in complying with JAMK reporting instructions.

Satisfactory 2
You are able to identify and define economic and financial concepts, but have some difficulty applying them to sport business cases. You can generally understand related academic literature, but struggles to connect the main points with the course objectives. You are able to work independently and take responsibility of your team’s work. You are able to communicate your findings in oral and written form responsibly. There are minor issues in complying with JAMK reporting instructions.

Evaluation criteria, good (3-4)

Good 3
You are able to generally understand and apply economic and financial concepts to sport business cases with few errors and understand related academic literature. You can combine the theoretical framework and practice. You can evaluate your work and develop your knowhow. You are able to communicate your findings in oral and written form responsibly in a well-structured manner. Your text mainly follows the JAMK reporting instructions.

Very Good 4
You are able to understand and apply economic and financial concepts to sport business cases, You are able to analyze sports finance related academic literature in a very good manner. You are able to critically analyze your learning and develop your skills. You can produce relevant, logical and analytical content. You are able to communicate your findings in oral and written form responsibly and in a well-structured manner, and according to JAMK reporting instructions.

Evaluation criteria, excellent (5)

Excellent 5
You are able to precisely understand and apply economic and financial concepts to sport business cases. You can critically analyze sport finance related academic literature in an excellent manner. You take responsibility of developing your expertise in this area and you are able to critically evaluate your own learning and progression. You present convincing results and content, and you are able to combine different frameworks and findings in your reporting. You are able to communicate your findings in oral and written form responsibly and in a well-structured manner, complying fully with JAMK reporting instructions.

Prerequisites

BBA in business or economics or sport or equal.

Enrollment

01.08.2022 - 04.09.2022

Timing

26.09.2022 - 13.11.2022

Number of ECTS credits allocated

5 op

Mode of delivery

Face-to-face

Unit

School of Business

Teaching languages
  • English
Seats

0 - 40

Degree programmes
  • Master's Degree Programme in Sport Business Management
Teachers
  • Aila Ahonen
  • Aki Laaksonen
Groups
  • ZJA22SH
    Avoin AMK, lita
  • YHS21S1
    Master's Degree Programme in Sport Business Management
  • YHS22VS
    Master's Degree Programme in Sport Business Management, vaihto-opiskelu/Exchange studies

Objectives

Upon completion of this course a student will be able to
-Assess financial systems, markets, and basic business organizational structures in the sport context.
-Analyze financial statements and metrics pertinent to sound financial management of a sport organization.
-Apply capital budgeting decision-making tools in a sport context.
-Identify new sources of value that can incrementally increase a sport organizations resources.

Content

The economic and financial management approaches used in sport organizations
-Financial statements
-Risk and uncertainty
-Time value of money
-Budgeting
-Economic impact of sport
-Valuation of sport assets

Time and location

Face-to-face lectures will be held as follows:

Lecture 1: Thu 27.10. at 12:00-18:00
Lecture 2: Fri 28.10. at 09:00-16:00
Lecture 3: Sat 29.10. at 09:00-14:00

Learning materials and recommended literature

Winfree, J.A., Rosentraub, M.S., Mills, B.M. and Zondiak, M. (2018). Sports Finance and Management, 2nd Edition. Available as e-book in JAMK Library.

Teaching methods

Lectures
Literature
Video material
Exercises and assignments
Guidance and feedback

Exam dates and retake possibilities

The course does not include an exam.

Alternative completion methods

Accreditation (replacement and inclusion)
Recognition of informal learning
Studification

Further instructions can be found in the Degree Regulations and in the Bachelor's Degree study guide.

Student workload

Allocation of time on various tasks and student work load in total 135 h
Lectures 16 h
Independent familiarization with literature and videos 38 h
Independent exercises and assignments 81 h

Content scheduling

Lectures
Lecture 1: Thu 27.10. at 12:00-18:00 | 6hrs
Lecture 2: Fri 28.10. at 09:00-16:00 | 6hrs
Lecture 3: Sat 29.10. at 09:00-14:00 | 4hrs

Exercises and assignments

Further information for students

The assessment of the course is based on the following credits:
1) exercises and assignments (100%, 5 ECTS)

Open UAS 5

Evaluation scale

0-5

Evaluation criteria, satisfactory (1-2)

Adequate 1
You are able to identify and define economic and financial concepts, but you struggle to apply them to sport business cases. You can read academic literature with a basic understanding of the main points. You take responsibility of your own work. You are able to communicate your findings in oral and written form responsibly. There are some issues in complying with JAMK reporting instructions.

Satisfactory 2
You are able to identify and define economic and financial concepts, but have some difficulty applying them to sport business cases. You can generally understand related academic literature, but struggles to connect the main points with the course objectives. You are able to work independently and take responsibility of your team’s work. You are able to communicate your findings in oral and written form responsibly. There are minor issues in complying with JAMK reporting instructions.

Evaluation criteria, good (3-4)

Good 3
You are able to generally understand and apply economic and financial concepts to sport business cases with few errors and understand related academic literature. You can combine the theoretical framework and practice. You can evaluate your work and develop your knowhow. You are able to communicate your findings in oral and written form responsibly in a well-structured manner. Your text mainly follows the JAMK reporting instructions.

Very Good 4
You are able to understand and apply economic and financial concepts to sport business cases, You are able to analyze sports finance related academic literature in a very good manner. You are able to critically analyze your learning and develop your skills. You can produce relevant, logical and analytical content. You are able to communicate your findings in oral and written form responsibly and in a well-structured manner, and according to JAMK reporting instructions.

Evaluation criteria, excellent (5)

Excellent 5
You are able to precisely understand and apply economic and financial concepts to sport business cases. You can critically analyze sport finance related academic literature in an excellent manner. You take responsibility of developing your expertise in this area and you are able to critically evaluate your own learning and progression. You present convincing results and content, and you are able to combine different frameworks and findings in your reporting. You are able to communicate your findings in oral and written form responsibly and in a well-structured manner, complying fully with JAMK reporting instructions.

Prerequisites

BBA in business or economics or sport or equal.