Higher Rock Education - Economics Blog

The Big Business of Sports

Tuesday, February 11, 2020

There is no question that the sports culture in our society is big business, whether that is defined by revenues generated, salaries paid, fan interest, or a team’s value.. From college teams to Major League Baseball (MLB) to the English Premier League (EPL); leagues, teams and athletes around the world are like all businesses and strive to drive up their values. More

Investing and Basketball?

Friday, January 19, 2018

Mr. Mike Sharples, who serves on our board, recently wrote an intriguing blog that uses a basketball analogy to explain the stock indexes, investment risk, while providing some valuable insights about the future. I enjoy investing and watching basketball (I am too old and short to play), so I wanted to share it with you. Thanks Mike for giving us permission to do so. More

March Madness - Supply and Demand

Friday, March 31, 2017

I, along with over 40 million other Americans love March Madness. For our international readers, March Madness lasts three weeks, stretching from March 14th to April 3rd, when the best 68 men’s college basketball teams vie for the national championship. (I would bet that virtually every American knows what March Madness is!) The tournament is put on by the National Collegiate Athletic Association (NCAA). Let’s analyze March Madness’s supply and demand. More

Penn State and the Demand for College Football

Monday, December 05, 2016

I confess that I was very disappointed yesterday when the NCAA selection committee revealed that the four teams to compete for the NCAA National Championship in Division I football did not include my Penn State Nittany Lions. Just the night before, Penn State fans celebrated a great win against the sixth- ranked Wisconsin Badgers to win the Big Ten Conference. They earned a spot in the championship by winning the Big Ten East Division. Most of the experts agreed that the Big Ten was the best conference in the country, and the Big Ten East Division was the toughest division in college football largely because the More

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