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Grade 6-8, 9-12
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On-Demand Webinar

March Madness and the Economics of College Basketball

Time: 60 mins,
Presenter: John Kruggel
Teacher Version
Objective Standards Summary Description Resources
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Objective

Teachers will be able to:

  • Learn the role the college tournaments play in earning revenue for the NCAA and its members.
  • Show how tournament brackets are an example of concepts like asymmetric information at work.

Standards

State Standards

Concepts

Comparative Advantage, Decision Making/Cost-Benefit Analysis, Price Ceilings and Floors

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In this economics webinar, grab your students’ attention with real world examples drawn from the annual March Madness tournament.

Description

Use the backdrop of the NCAA — National Collegiate Athletic Association — and its marquee basketball tournament to teach about economics and personal finance.

Teachers will learn how to use the world of college sports, as well as the professional NBA — National Basketball Association —, to show the PACED model for making choices that players, families and schools face, such as whether or not a student athlete should “go pro” or stay in school.

See activities that demonstrate long and short term outcomes, risks and rewards.

Resources

Subjects:

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