ARTS AND CULTURE ECONOMICS AND TAXATION (ADVANCED COURSE) - 1

The general aim of the course is to provide students with the fundamental tools to understand Economics and the theoretical foundations of the Economics of art and culture. Students will develop an interdisciplinary knowledge on the interdependence between the economy considered at large and culture.

1. Knowledge and comprehension skills:
1.1. understanding of the principal microeconomics mechanisms in perfectly competitive markets.
1.2. understanding of the main characteristics of and solutions to market failures:monopoly and information asymmetries;
1.3. understanding of the economic effects of taxes: tax incidence and the dead weight loss;

2. Applied knowledge and comprehension skills:
2.1. being able to apply the tools offered by microeconomics theory to the economics of art;
2.3. being able to identify peculiarities of the monopoly in the art sector and the cost structure of the firms working in it;
2.4. knowing how to solve basic problems in economics, including the solutions to moral hazard and adverse selection.

3. Use of independent judgment:
3.1. to interpret the role of Economics in the Art sector;
3.2. to evaluate the effects of taxes on agents' economic choices;
3.3. to critically asses the main limits of neoclassical economics in the analysis of real-world scenarios.

Non sono previste propedeuticità obbligatorie.

The course`s program is based on basic concepts and tool of microecnomics. In particlar students the following topics will be covered:

Consumer theory
Elasticity
Producer theory
Demand and supply, general market equlibrium
Monopoly
Taxation
Incomplete markets

The professor will provide the students with addtional hints from behavioral and experimental economics, when relevant for the study of the economics of art.

The main text is Heilbrun e C.M. Gray " The economics of art and culture" Cambridge University Press (second edition): Part II and Part III.
For those students with a possible limited knowledge in Economics and Math (i.e. with a Bachelor in Arts and Culture), the following text is suggested to better understand the topics developed throughout the course: Chirichiello Giuseppe "Microeconomia di base: principi, metodi e applicazioni", Giappichelli Editore, chapters 1, 2, 3, 4, 5, 11.
However, slides and additional material (i.e. papers) provided by the professor will be made available to students as fundamental tools of the course.

about 1.30 hour written exam including about 3-4 questions of different types
including:
- open questions on theory
- graphical analysis
- exercises requiring calculations
The exam tests preparation based on BOTH the textbook AND the additional teaching material. A mock exam will be made available at the end of the course.
The exam does not vary by student lecture attendance status.
Starting from the Academic Year 2019/2020, both parts of the exam ECONOMIA DELL'ARTE E DELLA CULTURA AVANZATO E FISCALITA' DEI MERCATI CULTURALI have to be passed within the SAME academic year: partial grades cannot be tranferred from one academic year to the other.

The course is organized in:
a) lectures,
b) classroom exercises, including graphical analysis,
c) individual study.
Students are encouraged to attend classes in an active way.

Italian

Accessibility, Disability and Inclusion
Accommodation and support services for students with disabilities and students with specific learning impairments

Ca' Foscari abides by Italian Law (Law 17/1999; Law 170/2010) regarding support services and accommodation available to students with disabilities. This includes students with mobility, visual, hearing and other disabilities (Law 17/1999), and specific learning impairments (Law 170/2010). If you have a disability or impairment that requires accommodations (i.e., alternate testing, readers, note takers or interpreters) please contact the Disability and Accessibility Offices in Student Services: disabilita@unive.it.

written

This subject deals with topics related to the macro-area "Human capital, health, education" and contributes to the achievement of one or more goals of U. N. Agenda for Sustainable Development