Title: Examine how sports, entertainment, and events affect local, state, and national economies.
Course: Sports, Entertainment, and Event Management > Section: Describing the Economics of the Sports, Entertainment, and Event Industries

Examination should include examples of the economic impact of the sports, entertainment, and event industries on

- the local level (e.g., economic impact of the Super Bowl on host city)
- the state level (e.g., horse racing)
- the national level (e.g., food/beverage consumption during the Super Bowl, hosting watch parties, going out to watch the game)
- The international level (e.g., Olympic site selection).

Process/Skill Questions:

- What is the economic impact of salaries in the sports, entertainment, and event industries?
- What is the short-term vs. long-term impact of a sports, entertainment, and event venture in a given geographic area?
- What are the economic benefits of implementing dynamic vs. variable ticket pricing strategies?
- How do sports, entertainment, and event organizers find the right ticket price to match demand?
- What motivates cities and communities to fund sports, entertainment, and event venues?
- How do sports, entertainment, and events generate revenue and stimulate economic activity for local and state governments?

- What is the economic impact of high-profile, short-term events (e.g., Super Bowl, The Eras Tour) on local economies?