17 Aug In college sports, arguably, no issue is more hotly debated than whether athletes in D1 revenue generating sports should be paid
Scenario: In college sports, arguably, no issue is more hotly debated than whether athletes in D1 revenue generating sports should be paid. The NCAA is a monopsony, it operates in this way to preserve the “amateurism” of the college sports that is the bedrock of marketing D1 football and basketball for the universities in the Power 5 Conferences. Professional sports are organized where the team owners are management (a monopsony) and they bargain with the players, who are organized in a players union (a monopoly). Economists model this as a bilateral monopoly market. College sports on the other hand are organized where the NCAA represents management (monopsony) and players are prohibited from organizing, and hence cannot bargain over pay for play. Is the economics of this model sustainable? The Rice report issued April 30 2018 raises this issue. For this module we will look at the example of the Northwestern University 2015 Football team and its effort to unionize
Request: Design a 10 slides powepoint presentation which answers the question “ Should the Northwestern football players been allowed to unionize in 2015?”. This subject MUST be approached from an economic perspective ( discussing concepts of oligopoly, monopoly etc). Refer to the attached word document for a better understanding of the subject. This is an ECONOMIC work. For each slide including speaker notes of approximately 100 words/ slide.
