Sport Economics & Finance

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Presentation transcript:

Sport Economics & Finance January 28, 2015

Time Value of Money The sooner $$$ is received, the more valuable it is Opportunity cost TVM and Payments Interest rate Reflects lender’s TVM and the credit risk of the borrower

Labor Commodity Wages Labor force Labor force participation rate Human capital Time, talent & energy Wages Reflect how easy would be to replace the worker Labor force Actual number of people available to work Labor force participation rate % working or actively looking for work

Management vs. Worker Conflicts Profits vs. wages Management salary vs. wages of employees Currently in the US the ratio of CEO total compensation package to average workers pay is approximately 400:1 Drucker - over 20:1 ratio leads to resentment and falling morale

Types of Unemployment Frictional Structural Cyclical Between jobs Mismatch between skills and available jobs Cyclical Supply & demand issue During economic contraction