600-word economic analysis,about creating an economic experiment by changing one parameter and analyzing the effect on market equilibrium.
Question Description
For our economic experiment lets consider the following change:
- the NCAA changes its rules such that universities will be allowed to supplement the “cost of attendance” offer to student=athletes by up to 50% of the cost of attendance.
What is your prediction of this rule change on:
- competitive balance in D1 football. Would it be affected? Explain why or why not.
- on game day attendancefor D1 football games. Would it be affected? Explain why or why not.
you are to write a brief 600-word economic analysis. In your essay include a paragraph of background information to give context to the above economic experiment, a paragraph explaining your prediction of the effect of the change on competitive balance in D1 football, and a paragraph explaining your prediction on game day attendance at D1 football games. Base your economic analysis on economic concepts discussed in class and/or economic concepts discussed in other classes/readings.
Rubric: include:
- A supply/demand diagram to illustrate the predicted effect on game day attendance (20%),
- citation of one article format using Refworks (10%) (If you haven’t used Refworks: here is a link,)
- grammar and spell check (10%)
- the use of economic reasoning in developing a prediction (60%)
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