INTRODUCTION TO ECONOMICS OF ART AND CULTURE II

The aim of the second module of the course is to illustrate how the economic theory, learnt in the first module, can be used to analyse economic problems in the cultural sector, addressing issues such as the market for artistic and cultural goods (from both the supply and demand side), the artists’ labour market , copyright, the economic analysis of cultural organisations such as museums and theatres, the theoretical arguments for public support to culture, the role of culture in economic development.

On successful completion of this course, students should be able to:
- Understand the links between economics and culture, between economic value and cultural value
- Know and be able to apply the general fundamentals of microeconomic theory and public sector economics to different aspects of artistic and cultural production and consumption.
- Explain the main models that make the economics of culture a distinctive discipline, highlighting the limitations of the neoclassical economic approach
- Understand the functioning of cultural markets
- Understand the theoretical justifications and mechanisms related to public funding of culture, as well as the role of culture in urban and regional development

There are no compulsory propaedeutic courses.

1. Introduction to cultural economics: the economic value of culture
2. The demand for cultural products
3. Copyright and the arts labour market
4. Public and private funding in the cultural sector
6. The role of culture in urban and regional development
7. The economics of museums and performing arts
8. The fine arts market

G. Candela, A. Scorcu, Economia delle arti (ristampa 2021), Zanichelli (selection of chapters)

Other course material will be communicated throughout the course, in class and on Moodle, where they will be made available.

The verification of learning (common to module I and II of the course) takes place through a written test. The written test consists of multiple choice questions and open questions.
The assessment may also take into account any group work in order to ascertain the skills acquired in interpreting and summarizing the theoretical phenomena studied. During the written test, the use of books, notes and electronic media is not permitted.

Lectures, group presentations, discussion of articles and case studies, testimonials from experts in the artistic and cultural sector.
All the material used during the lessons will be made available to students through the moodle platform

Italian

written

This subject deals with topics related to the macro-area "Circular economy, innovation, work" and contributes to the achievement of one or more goals of U. N. Agenda for Sustainable Development