KENNESAW STATE UNIVERSITY GRADUATE COURSE PROPOSAL OR REVISION, Cover Sheet (10/02/2002) Course Number/Program Name SM 6060/M.S. with a major in Comparative Sport Management Department Health, Physical Education, and Sport Science Degree Title (if applicable) Master of Science Proposed Effective Date Fall 2012 Check one or more of the following and complete the appropriate sections: X New Course Proposal Course Title Change Course Number Change Course Credit Change Course Prerequisite Change Course Description Change Sections to be Completed II, III, IV, V, VII I, II, III I, II, III I, II, III I, II, III I, II, III Notes: If proposed changes to an existing course are substantial (credit hours, title, and description), a new course with a new number should be proposed. A new Course Proposal (Sections II, III, IV, V, VII) is required for each new course proposed as part of a new program. Current catalog information (Section I) is required for each existing course incorporated into the program. Minor changes to a course can use the simplified E-Z Course Change Form. Submitted by: Faculty Member Approved _____ Date Not Approved Department Curriculum Committee Date Approved Approved Approved Approved Approved Approved Not Approved Department Chair Date College Curriculum Committee Date College Dean Date GPCC Chair Date Dean, Graduate College Date Not Approved Not Approved Not Approved Not Approved Not Approved Vice President for Academic Affairs Date Approved Not Approved President Date KENNESAW STATE UNIVERSITY GRADUATE COURSE/CONCENTRATION/PROGRAM CHANGE I. Current Information (Fill in for changes) Page Number in Current Catalog ___ Course Prefix and Number ___ Course Title ___ Class Hours ____Laboratory Hours_______Credit Hours________ Prerequisites ___ Description (or Current Degree Requirements) II. Proposed Information (Fill in for changes and new courses) Course Prefix and Number __SM 6060_________________________________ Course Title _Economic and Financial Issues in Sport ___________ Class Hours 3____Laboratory Hours___0____CreditHours____3____ Prerequisites Graduate Status Description (or Proposed Degree Requirements) The primary purpose of this course is to examine economic principles in addition to financial and fiscal management related to the sport and recreation industries in both forprofit and non-profit settings within the United States and abroad. The course will focus on issues involved in the organization of sports and the economics of amateur, collegiate, professional, and Olympic sports as well as other parts of the sport industry including youth sport, recreational sport, and international sport as they relate to the economy. Specifically, the course covers principles of budgeting, spectator sport revenue management, financial planning, spreadsheet utilization as a financial management tool, economic impact studies, methods of financing sport and recreation venues, sponsorship, and other current trends in revenue generation. III. Justification This is one of six foundational courses in the M.S. in Comparative Sport Management program. Students will gain knowledge regarding how for-profit and non-profit sport organizations operate financially. Additionally, students will be provided basic principles of budgeting for sport endeavors This course provides a practical and conceptual foundation for individuals who have an interest in sports finance at any level. Students pursuing careers as recreation directors, athletic directors, conference athletic administrators, professional general managers, among other sport/fitness/recreation areas will benefit from exposure to this subject matter. IV. Additional Information (for New Courses only) Instructor: Dr. Bradbury Text: Financial Management in the Sport Industry, Brown, et. al.; Handbook of Sports Economics Research, Fizel; Sports Business Journal Prerequisites: Graduate Status Objectives: As a result of successfully completing this course, students will be able to: 1. analyze the financial challenges faced by professional sport 2. describe how economic impact analysis is utilized in sport and recreation 3. identify and describe the phenomenon of sales of sport licensed products and services 4. explain the financial intricacies ticketing or charged admission of sport events 5. explain the financial aspects of foodservice and souvenir concessions at sport events 6. explain and analyze the nature of sponsorship exchange in sport 7. identify methods of fund raising in sport 8. identify methods of measuring the impact of sponsorship in sport 9. explain budgeting principles in various sport settings 10. understand the role of broadcast media in sports business 11. utilize spreadsheets (Excel, Lotus, etc.) in application of sport finance 12. understand important financial and economic issues in sports Instructional Method The primary method of instructional delivery will be lecture, readings, discussions, papers, and class projects. Method of Evaluation Weekly papers Excel projects (3) Research Project V. 20% 45% 35% Resources and Funding Required (New Courses only) Resource Amount Faculty Other Personnel Equipment Supplies Travel New Books New Journals Other (Specify) $6,500 $1,856 $0 $556 $444 $0 $0 $0 TOTAL $9,356 Funding Required Beyond Normal Departmental Growth $0 The primary revenue sources will be from the reallocation of existing funds through the shifting of teaching workloads and the addition of two existing unfilled faculty lines. The estimates above are based on the average graduate faculty course load of six courses per year and the average annual salary of $65,000. These are averages are for simplicity and actual salaries and course workloads will vary by personnel. The calculations assume that the sport management faculty teach all but one of the courses offered (EHS 6630, which is already offered as part of the M.S. in AEHS). There will be a small revenue generation during the summer from enrollment in this program. VI. COURSE MASTER FORM This form will be completed by the requesting department and will be sent to the Office of the Registrar once the course has been approved by the Office of the President. The form is required for all new courses. DISCIPLINE COURSE NUMBER COURSE TITLE FOR LABEL (Note: Limit 30 spaces) CLASS-LAB-CREDIT HOURS Approval, Effective Term Grades Allowed (Regular or S/U) If course used to satisfy CPC, what areas? Learning Support Programs courses which are required as prerequisites Health, Physical Education, and Sport Sci SM 6060 Economic & Fin Issues in Sport 3-0-3 Fall 2012 Regular N/A N/A APPROVED: ________________________________________________ Vice President for Academic Affairs or Designee __ VII Attach Syllabus I. SM 6060 ECONOMIC AND FINANCIAL ISSUES IN SPORT KENNESAW STATE UNIVERSITY DEPARTMENT OF HPS II. INSTRUCTOR: TBA III. CLASS MEETING: TBA IV. TEXT(S): Financial Management in the Sport Industry, Brown, et. al. Handbook of Sports Economics Research, Fizel Sports Business Journal (subscription) Various readings V. CATALOG COURSE DESCRIPTION: The primary purpose of this course is to examine economic principles in addition to financial and fiscal management related to the sport and recreation industries in both for-profit and non-profit settings within the United States and abroad. The course will focus on issues involved in the organization of sports and the economics of amateur, collegiate, professional, and Olympic sports as well as other parts of the sport industry including youth sport, recreational sport, and international sport as they relate to the economy. Specifically, the course covers principles of budgeting, spectator sport revenue management, financial planning, spreadsheet utilization as a financial management tool, economic impact studies, methods of financing sport and recreation venues, sponsorship, and other current trends in revenue generation. VI. PURPOSE/RATIONALE: Students will gain knowledge regarding how for-profit and non-profit sport organizations operate financially. Additionally, students will be provided basic principles of budgeting for sport endeavors. Conceptual Framework: This course provides a practical and conceptual foundation for individuals who have an interest in sports finance at any level. Students pursuing careers as recreation directors, athletic directors, conference athletic administrators, professional general managers, among other sport/fitness/recreation areas will benefit from exposure to this subject matter. Knowledge Base: Students are introduced to the theoretical and practical applications of economics and finance to the sports industry. Use of Technology: Students will be given basic spreadsheet application assignments for sport-related tasks. Diversity: It is our vision to create a strong multicultural and diverse educational environment at KSU in order to increase student satisfaction and to promote an understanding and awareness of people from various backgrounds upon graduation. In this way, KSU students will be educated for, and can effectively compete in the global society. (KSU catalog). VII. COURSE GOALS/OBJECTIVES: As a result of successfully completing this course, students will be able to: 1. analyze the financial challenges faced by professional sport 2. describe how economic impact analysis is utilized in sport and recreation 3. identify and describe the phenomenon of sales of sport licensed products and services 4. explain the financial intricacies ticketing or charged admission of sport events 5. explain the financial aspects of foodservice and souvenir concessions at sport events 6. explain and analyze the nature of sponsorship exchange in sport 7. identify methods of marketing and fund raising in sport 8. identify methods of measuring the impact of marketing and sponsorship in sport 9. 10. 11. 12. explain budgeting principles in various sport settings understand the role of broadcast media in sports business utilize spreadsheets (Excel, Lotus, etc.) in application of sport finance understand important financial and economic issues in sports ASSESSMENT OF GOALS/OBJECTIVES Your instructor will assess your achievement of each objective in the following ways: Course Goals/Objectives 1-12 VIII. Assessment Instructional Activity Lectures, discussions, readings Papers, projects COURSE REQUIREMENTS/ASSIGNMENTS: All students are responsible for all material and announcements (including those regarding changes to the syllabus) presented in class, regardless of whether or not the student is present—this includes excused absences. It is the responsibility of the student to obtain information from missed classes. The professor will not repeat lectures or provide copies of his notes. IX. EVALUATION AND GRADING: FINAL GRADE: Weekly papers 20% Excel projects (3) 45% Research Project 35% EVALUATION SCALE: 90-100 = 80-89 = 70-79 = 60-69 = Below 60 = A B C D F X. ACADEMIC INTEGRITY: Every KSU student is responsible for upholding the provisions of the Student Code of Conduct, as published in the Undergraduate and Graduate Catalogs. Section II of the Student Code of Conduct addresses the University's policy on academic honesty, including provisions regarding plagiarism and cheating, unauthorized access to University materials, misrepresentation/falsification of University records or academic work, malicious removal, retention, or destruction of library materials, malicious/intentional misuse of computer facilities and/or services, and misuse of student identification cards. Incidents of alleged academic misconduct will be handled through the established procedures of the University Judiciary Program, which includes either an "informal" resolution by a faculty member, resulting in a grade adjustment, or a formal hearing procedure, which may subject a student to the Code of Conduct's minimum one semester suspension requirement. XI. ATTENDANCE POLICY: Students are expected to be in all class sessions and on time. Class participation and attendance are imperative for students to achieve the basic objectives of the course and program. Because the major focus of this course is to create an interactive learning environment, class attendance is imperative. Any extreme circumstances or situations will be handled individually.