ARTS ECONOMICS I

The course ARTS ECONOMICS (12 credits) aims to introduce and acquaint students with fundamental concepts, issues, tools and recent trends of economics applied to the arts, culture and creative industries, to help students to develop and adapt an economic reasoning to their related research and professional interests and activities.
The course ARTS ECONOMICS is composed of two modules, ARTS ECONOMICS I (6 credits) and ARTS ECONOMICS II (6 credits), that ideally complement each other, where ARTS ECONOMICS I is preparatory to ARTS ECONOMICS II.
In particular, the first module ARTS ECONOMICS I aims to provide students with an overview on cultural economics, including its main theoretical concepts of the economic theory applied to various aspects of cultural production, consumption and financing in the various fields of the arts, culture and the creative industries.

On successful completion of this course, students should be able to:
- Understand, apply and deal with fundamental concepts, issues and recent trends of economics applied to the arts, culture and creative industries.
- Develop and adapt an economic reasoning and practice to their applied research and professional interests and activities in the arts and cultural sector in both for-profit and non-profit settings.

A fair background in economic sciences and/or arts-related disciplines

Main topics include:

- Key features of the cultural and creative sectors, including definitions and taxonomies of cultural heritage, cultural and creative industries
- Cultural policies & Financing the arts, public subsidies and private support
- Institutional and organizational aspects of the museum, permanent collections and temporary exhibitions
- The role of art, culture and creative industries in the local economy and in urban regeneration processes
- The contemporary art market: main actors, supply and demand, global trends
- The artist and the labour market in the cultural and creative sector

Texts, lectures slides, assigned papers and other course materials will be uploaded in the Moodle space dedicated to the course.
Books are not mandatory but can provide a useful resource to deepen the course topics. Below suggested readings:
- Throsby, D. (2001). Economics and culture. Cambridge University Press.
- Caves, R. E. (2000). Creative industries: Contracts between art and commerce. Harvard University Press.
- Resch, M. (2016). Management of art galleries. Phaidon.
- Lord, G. D., & Blankenberg, N. (2016). Cities, museums and soft power. Rowman & Littlefield.
- Becker, H. S. (2008). Art worlds: updated and expanded. University of California Press.
- Velthuis, O., & Curioni, S. B. (Eds.). (2015). Cosmopolitan canvases: the globalization of markets for contemporary art. Oxford University Press, USA.

Individual written assignment + individual oral presentation
Further details will be provided in the course introduction
Evaluation methods for non attending students will be further discussed

Lectures, class discussions, individual readings, case studies and guest lecturers
The course will provide a theoretical framework but won't be very much theory-driven, as greater focus will be given to real life cases in order to connect to the professional practice

English

written and oral

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