I am often asked what I do as a lecturer at the University of Iowa. One of the answers to that question is that I teach a course called Sports Economics. That often is received with some skepticism, as why would taxpayers in Iowa be willing to subside this type of education? I explain that what I do is use the sports market to explain economic ideas, instead of using a much more general market.
Here is a topic where studying sports helps think about the labor market: lockouts. The New York Times has recently reported that lockouts in non-sports industries is increasing. Having studied sports lockouts allows one to address some of the implications for non-sports markets, which I plan to incorporate into my Sports Economics class.