Nobody downloaded yet

Economic Impact of the Olympic Games - Coursework Example

Comments (0) Cite this document
Olympic Games are a major international event consisting of some summer and winter sports events with thousands of participants from different countries. Thus it's clear that Olympic Games have significant positive and some negative impacts on national economies, especially the host country's economy (Hefner, 1990)…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER95.2% of users find it useful
Economic Impact of the Olympic Games
Read TextPreview

Extract of sample
"Economic Impact of the Olympic Games"

Download file to see previous pages Thus this study contains a detailed economic analysis of the host country's economic activities that are directly and indirectly attributable to the conduct of Olympic Games. The study demonstrates that the economic benefits of the Olympic Games can be influenced by government policies and both the government and the business community would focus their efforts on strategic policies and initiatives in order to maximize the long term gains to the host country in particular (Kirkup, 2006). However it's the aggregate demand and supply shift that matters so much in this analysis. Thus the long term impacts of the Olympic Games on the host country's economy include,
Olympic Games can be identified in three phases such as, the pre-games phase, the games duration and the post-games phase (Caimbridge, 1998). In the first phase it is characterized by two different impacts which are associated with Olympic Games, such as the construction and associated infrastructure of the Games site. And in the duration of Olympic Games there would be a significant increase in international visitors to the host country in particular. During the post-games phase there would be a significant improvement in inbound tourism in the host country. As with the past experience of countries like China, Canada and others, it has been recognized that there would be an increase in labor productivity in the post-games period though its real impact on the domestic economy is uncertain (Bing, 2002). With the Olympic Games it would increase aggregate demand through construction activity, additional tourism, sales and Olympic Games related outputs e.g. export of the Olympic television rights, Olympic promotion and ticket sales and so on.
A significant number of factors have been identified in relation to the micro economic impacts of Olympic Games, such as conditions in the labor market. e.g. wage rates and the sources of Finance. e.g. price changes. As a result of the Games the Gross Domestic Product (GDP) and additional jobs would increase in the year of Olympic Games (Holger, 2004). These jobs are identified as part-time and full-time jobs and people would easy to find the works in such Game periods. As such, it would boost the productivity of labor and wages rates would increased due to the Olympic related construction and projects. There is also a significant increase in outcomes of the service industry including transport and communication, finance, housing sector, tourism and so on (Peter, 2005). Foreign exchange rates can be affected by the Olympic Games because when the exchange rates increase potential foreign investors would buy the domestic currency ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Economic Impact of the Olympic Games Coursework”, n.d.)
Retrieved de
(Economic Impact of the Olympic Games Coursework)
“Economic Impact of the Olympic Games Coursework”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
Original Olympic Games
...Original Olympic Games Introduction: The history of Olympics is far more interesting and intriguing than anyone would imagine it to be. The role played by the Olympic events in the ancient Greece was in contrast from what it contributes today. This owes mainly to the difference in the underlying notion and the laying foundation between the two sets of events, separated by centuries of time span. Although, the spirit by which this festival was revived again in this present world involves replicating that same concept on which ancient Olympics originated. But unfortunately the cloning was not successful due to insufficient data and absence of actual...
9 Pages(2250 words)Research Paper
History of olympic games
...? Term Paper, English History of Olympic Games Introduction For more than a millennium, the Ancient Olympics caught the fancies of the Greeks. Ancient Olympics developed from small beginnings into an outstanding festival drawing hundreds of highly proficient athletes, many thousands of spectators, the talented artists and the poets. In the beginning it was practiced as a religious ceremony, and its roots were explained in mythology. It all began with the sports initiative of the Spartans. David C. Young in his book “A Brief History of the Olympic Games” writes, “The Olympics were the oldest of many Greek festivals, and by...
3 Pages(750 words)Term Paper
The Olympic Games
...The Olympic Games The Olympic Games have its origins in Greece, in the 8th century, around 3,000 years ago. The birthplace of the games was Olympia, the city which hosted the first known games and so the name Olympics got coined. Mythology is frequently associated with the history of the Games. “Like so much of ancient history, the origins of the Olympic Games are shrouded in myth and legend” (Gill). Unfortunately, that time was filled with war, local combats and battles. To assure safe commuting of athletes and audience, to and from the sites of the...
3 Pages(500 words)Essay
Olympic games in China
...percent of this was USA capital. The trade between the two countries has been, however, faced with numerous challenges emanating from the increasing friction and conflicts like RMB exchange rates, Intellectual Property Rights, market access and trade balance. Trade wars have had the tendency of ruining the trade and economic ties between the two countries and are not acceptable. This has been exemplified by the restrictions and the counter restrictions that was involved the textile trade between the two countries that involved up to seven rounds of negotiations that culminated in the signing of a Memorandum of Understanding regarding the trading of apparel and textile. This reflected the settling of frictions and...
3 Pages(750 words)Essay
London 2012 Olympic Games
...London Olympics Task: London Olympics Problem identification This write up evaluates the problems facing the London Organizing Committee of the Olympic Games (LOCOG) in their bid to prepare the Olympic Games in 2012. It evaluates the opportunities and the challenges that the community faces in its duties (Gourville & Bertini, 2011). The committee had the lessons from recent games prepared in other cities, for example, the Sydney and the Beijing Olympics. These two events provide an appropriate reference, for the organizing committee, since the number of sports and the projected attendance are close to...
4 Pages(1000 words)Case Study
The Olympic Games
...beginning in Greece. They were a crucial undertaking in the country, with the Greek people developing historical events dating method using periods between the Olympic Games. Participants in the games then were treated with respect, and winners marked as heroes and heroines in Greece and the countries around. Olive wreath was at the time used to reward Olympic winners. However, over the years, the rewarding, games and sports involved have changed to match cultural, social, economic and political dynamism. Use of symbols to associate with the Olympics has been a living phenomenon since the year 1913. This is the year that...
2 Pages(500 words)Essay
2012 London Olympic Games
...Explanation and analysis of the London Olympic Games BY YOU YOUR SCHOOL INFO HERE HERE Explanation and analysis of the London Olympic Games Outline of the event On August 10, 2012, the Great Britain women’s hockey team was pitted against the New Zealand women’s team at Olympic Park. Tickets for this event, the deciding match that would determine bronze medal status for the loser, were fully promoted for the historical opportunities in advancing women’s hockey as well as the inability of Great Britain to achieve a medal in this sport since 1992 (IHF 2013). When tickets were initially put on sale, there was little promotion involving national pride or...
11 Pages(2750 words)Essay
Olympic games
... of this trend, the media house chose to maximize the hours of coverage. Therefore, NBC showed the London Olympics for a total of 5,535 hours (Moraes, 1). This exhibits the massive and rampant figure of persons watching the Olympics. The united Greeks were the historical perpetuators of the Olympics. Olympic Games had their foremost occurrence in Greece (Toohey, 11). Therefore, the Greece people were the custodians of this culture of games. From Greece, Olympic Games stretched to other parts of the globe. Therefore, Greece was the birthplace of the Olympic Games culture. Inhabitants of Greece cherished the Olympics immensely throughout the nation. Their Olympic events would register a very high number of attendance and attention... from...
2 Pages(500 words)Essay
History of olympic games
...: Term Paper, English Date: Title: History of Olympic Games Introduction For more than a millennium, the Ancient Olympics caught the fancies of the Greeks. Ancient Olympics developed from small beginnings into an outstanding festival drawing hundreds of highly proficient athletes, many thousands of spectators, the talented artists and the poets. In the beginning it was practiced as a religious ceremony, and its roots were explained in mythology. It all began with the sports initiative of the Spartans. David C. Young in his book “A Brief History of the...
3 Pages(750 words)Term Paper
Transforming of Olympic Games
...Transforming of Olympic Games The concept of Olympic Games was taken by Baron Coubertin from the British history of gaming festivals, ly the Wenlock Olympian Society Annual Games. All sports historians acknowledge the impact of the Wenlock Games on the modern Olympic movement. The word ‘Olympian Class’ was first used in the Wenlock Games to show the overall betterment of the people of the Town and its neighbourhood. Thus, from its inception, the tradition of old Greece was imbibed by the organisers (Coubertin, 1890). Budgetary transformation has been one of the leading...
4 Pages(1000 words)Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Coursework on topic Economic Impact of the Olympic Games for FREE!
logo footer
Contact us:
Contact Us Now
FREE Mobile Apps:
  • StudentShare App Store
  • StudentShare Google play
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • Miscellaneous
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us