Finance and Economics for Sport and Leisure

The aims for this module are set into the context of the QAA Framework for Higher Education Qualifications and they relate to the SEEC level descriptors for level 1 study.

• To enable an understanding of the construction and interpretation of financial data within the various sectors of sport and leisure provision
• To demonstrate knowledge of the role and importance of financial management within the various sectors that constitute sport and leisure provision
• To develop an appreciation of economic factors and their impact on various sectors of sport and leisure provision

In relation to the QAA Framework for Higher Education Qualifications and the SEEC level descriptors for level 1 study, by the end of the module students should be able to:

1. Use financial data and documents and apply appropriate techniques in the management of sport and leisure provision
2. Analyse economic indicators and trends and assess their relevance to the management of sport and leisure provision.
3. Synthesise and evaluate financial and economic data in relation to the management of sport and leisure provision.

1. Conceptual analysis of Profit, Surplus and Wealth

2. Construction, analysis and use of:

• financial documents
• budgets and cost data
• sources of funding of relevance to Sport and Leisure provision in the public, voluntary and commercial sector.

3. Conceptual analysis of macro and micro economic factors

4. Use of economic indicators in the management of Sport and Leisure provision in the public, voluntary and commercial sectors 

Contact time:

The module will be delivered in workshops and these will include a mix of keynote lectures, group discussion, student presentations, and guest speakers and case studies. Tutorials will also be timetabled with the tutor.

Non-contact time:

Guided reading, individual and group tasks, case study research, assessment preparation

Books:

Atrill, P. (2003) Financial Management for Non-Specialists, London, Prentice  Hall

Beech, J and Chadwick, S (2004) The Business of Sport Management, Harlow, Pearson Education Limited

Roberts, K. (2004) The Leisure Industries. Basingstoke, Palgrave  Macmillan.

Torkildsen, G. (2004) Leisure and Recreation Management (5^th ed.) London: Routledge.

Watt, D.C. (2003) Sports Management and Administration (2^nd ed.) London: Routledge.

Morrison, J. (2006), The International Business Environment (2^nd ed.) Palgrave: Basingstoke.

Sandy, R., Sloane, P. & Rosentaub, M., (2004) The Economics of Sport, Palgrave McMillan: London.

Weed, M. (ed.) (2008) Sport and Tourism, Oxford, Routledge.

Palmer, A & Hartley B, (2006), The Business Environment (5th ed.). McGraw-Hill London.

Journals:

Journal of Sport Management, Leisure Management, Recreation, Managing Leisure: an International Journal.

Electronic sources:

Bank of England - www.bankofengland.co.uk, accessed November 5^th 2008.

The Economist - www.economist.com, accessed November 5^th 2008.

Economics Help - www.economicshelp.org, accessed November 5^th 2008.