1. Sport Economics & Finance
January 28, 2015

2. 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

3. 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

4. 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

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