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If there’s one thing we can say with certainty, it’s that economic forecasting is far from an exact science. Image from www.shutterstock.com

When it comes to economic forecasting, it’s wise to admit to uncertainty

One certainty about economic forecasts is that, almost certainly, they will prove to be incorrect. The best forecasters can hope for is not to make systematic errors – to get it right on average – and…
Liam Lenten explains why the government spends your money on sport.

Why do governments fund sports? (VIDEO)

Welcome to Some Sports Economics, a six-part video series explaining economic concepts through sport, by La Trobe University senior lecturer, Liam Lenten. In the sixth and final part of this series, Liam…
Liam Lenten presents Part 5 of Some Sports Economics.

Media broadcast rights and the Prisoner’s Dilemma (VIDEO)

Welcome to Some Sports Economics, a six-part video series explaining economic concepts through sport, by La Trobe University senior lecturer, Liam Lenten. In the fifth part of this series, Liam looks at…
Welcome to Part four of Liam Lenten’s Some Sports Economics.

The economics of comparative advantage and Usain Bolt (VIDEO)

Welcome to Some Sports Economics, a six-part video series explaining economic concepts through sport, by La Trobe University senior lecturer, Liam Lenten. In the fourth part of this series, Liam explains…
Liam Lenten presents Some Sports Economics, a six-part video which uses sporting analogies to explain common economic concepts. YouTube

When scoring an own-goal is the only way to win (VIDEO)

Welcome to Some Sports Economics, a six-part video series explaining economic concepts through sport, by La Trobe University senior lecturer, Liam Lenten. Liam says: “I am motivated to better explain basic…

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