UAH Economics Program

This article discusses the potential for Formula One to return to the African continent, either to South Africa or Morocco. Telling here is the open acknowledgment by F1 commercial boss Sean Bratches of the inevitability of public funding for either venture. F1 races, Bratches says, "are economic engines for these countries, cities, principalities, municipalities" and that most grands prix are "underpinned by government and it's because it works." He further speaks of the economic impact of F1 races. An important part of sports economics concerns the role of government in the sports industry. Sports leagues and sports events take on the properties of public goods, highlighting the fundamental resource-underallocation problems that frequently require government involvement in helping make them happen. Learn more about this in my course ECN 406 (Sports Economics) at UAH!

F1 return to Africa a priority for Liberty amid Marrakech interest Formula 1's commercial boss Sean Bratches says a return to the African continent is a priority for Liberty Media, and that Marrakech has expressed an interest in holding a race

In this article about the temporarily reduced-price Frosty at Wendy's, I think it's interesting that the company is quite purposefully trying to take advantage of customers viewing Frosties and other menu items as complementary goods -- obviously a central idea when we develop the concept of consumer demand. Quoting the CEO, the author writes of the $0.50 Frosty as a "traffic driver" that might motivate customers to buy food (or more expensive Frosties with cookies) while visiting Wendy's for those cheaper desserts. Complementary goods: not just an academic idea!

Why Wendy's brought back 50¢ Frosties Wendy's knows customers love its half-price Frosty promotion. That's why it's bringing it back yet again.

"Service time manipulation," the theme of this article, strikes me as a vestige of the reserve clause (which was born in baseball), as does the fact that MLB requires six years before a player can reach unrestricted free agency. That's a long time. Students in my course ECN 406 (Sports Economics) at UAH learn about the reserve clause and its labor market implications extensively.

MLB Must End Teams Purposely Keeping Out Baseball's Biggest Phenoms One of Major League Baseball's latest controversies calls to mind a bit from the 2009 Star Trek , in which Dr. McCoy offers words of wisdom to Mr. Spock...