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New book turning sports enthusiasts into fans of economics
(Bethlehem, Pennsylvania) - Moravian College Economics Professor Peter von Allmen recently co-authored the book, The Economics of Sports. von Allmen collaborated with Temple University professor Michael Leeds to produce the first textbook focusing directly on the economic underpinnings of the sports world. von Allmen is currently using the work to teach his "Economics of Sports" class at Moravian.
The Economics of Sports introduces the essential core economic concepts and then develops them with examples and applications from the sports industry. Three of the four sections are devoted to illustrating prominent areas of economics: industrial organization, public finance, and labor economics. The final section provides insights into theories related to the not-for-profit sector of the economy. The book incorporates the latest industry news and the most influential cases throughout sports history. It was designed for both majors and non-majors, requiring only a basic one-semester understanding in the principles of microeconomics.
The Economics of Sports is already in use at a number institutions including Anderson University, Penn State University at Behrend College, Temple University, Clemson University, University of Rochester, University of Nevada, Mount Saint Mary's College, Indiana University of Pennsylvania, Fairfield University, Flagler College, Lafayette College, Moravian College, Springfield College, University of Wisconsin / Lacrosse, University of Wisconsin /Parkside, University of Florida, University of Rhode Island, University of San Diego, Wichita State University, University of Texas at Austin, Villanova University, Washington University (MO), and Winthrop University.
Many college professors, who plan to use it in their own classes, reviewed the book. Karl Einolf of Mount St. Mary's said, "This is the first book that uses economics theory to explain the many conundrums in the world of sports. It will be a welcome addition to my classroom and a great roadmap for instructors developing Economics of Sports courses in the future...Leeds and von Allmen turn every sports enthusiast into a fan of economics."
von Allmen is the chair of the Moravian College Business and Economics. He holds a B.A. from the College of Wooster and earned his Ph.D. at Temple University. His research includes the use of quantitative methods in the teaching of economics, the economics of sports, and family labor supply models. In addition to the economics of sports, he teaches microeconomics, econometrics, economics of health and health care, and labor economics. Before teaching at Moravian College, von Allmen worked for WEFA Group, a well-known economic forecaster.
The Economics of Sports is published by Addison Wesley. Additional information regarding the book can be found on the Web at www.aw.com/leeds_vonallmen.
Moravian College is a private, coeducational, selective liberal arts college located in Bethlehem, Pennsylvania. Tracing its founding to 1742, it is recognized as America's sixth-oldest college. Visit the website at www.moravian.edu.