FINANCING OF CULTURAL INSTITUTIONS

The course is among the core courses of the three-year Bachelor’s Degree Course in Conservation of Cultural Heritage and Performing Arts. The objective is to provide students with the basic principles of Cultural Institutions funding needs and the instruments to facilitate the access to finance.

Knowledge and understanding:
1) Knowledge and understanding of the funding sources fitting the needs of cultural institutions;
2) Knowledge and understanding of the main regulations that govern the bank-client relationship;
3) Knowledge and understanding of technical and economic characteristics of funding instruments.
Applying knowledge and understanding:
1) Ability to apply the rules that regulate the bank-client relationship according to cultural institutions funding operations;
2) Ability to acquire the relevant information about funding operations to assess feasibility, flexibility and cost;
Making Judgments:
1) Ability to select funding operations fitting cultural institutions funding needs;
2) Ability to detect the most cost-effective funding operation.

Students must know the contents of the course The information-accounting system for cultural organizations.

1. The features of cultural and creative sector in Europe and Italy
2. Access to finance of cultural institutions
3. The main funding instruments
4. The choice of funding instruments
5. How to present funding request
6. Banking contracts and current accounts

European Investment Fund, 2019, Market Analysis of the Cultural and Creative Sectors in Europe, pag. 1 – 20.
European Investment Fund, 2019, Market Fiches, pag. 49 -51.
European Investment Fund, 2019, Be Creative. Call the Bank. A guide for SMEs in the cultural and creative sectors on how to obtain financing, pag. 1 – 36.
European Union, 2016, Good practice report towards more efficient financial ecosystems: innovative instruments to facilitate for the cultural and creative sectors (CCS) access to finance, 2016, pag. 15 – 20.
Proto A. (edited by), 2021, L'attività delle banche: operazioni e servizi, Giappichelli, Torino, (chapters 2 and 3).

The assessment is based on a written exam, closed-notes/closed book.
The exam is made up of 10 multiple-choice questions and an open question.
Questions will ascertain the student's knowledge of the basic concepts presented in the course, ability to apply them to simple examples, and critical understanding of such concepts.
The score for each multiple-choice question is 2 if correct,—0.5 if incorrect, or 0 if no answer is given.
The score for the open question is 0 - 10.

Grading Scale:
A. Scores in the 18-22 range will be awarded for:
Sufficient knowledge and applied understanding of the course material.
Limited ability to apply knowledge and make independent judgments.
Sufficient communication skills, especially in relation to the use of specific language pertaining to financial management.

B. Scores in the 23-26 range will be awarded for:
Fair knowledge and applied understanding of the course material.
Fair ability to apply knowledge and make independent judgments.
Fair communication skills, especially in relation to the use of specific language pertaining to financial management.
C. Scores in the 27-30 range will be awarded for:
Good or excellent knowledge and applied understanding of the course material.
Good or excellent ability to apply knowledge and make independent judgments.
Fully appropriate communication skills, especially in relation to the use of specific language pertaining to financial management.

D. Honors will be awarded for:
Excellent knowledge and applied understanding of the course material, judgment skills, and communication skills.

Upfront lectures and teaching material (slides and simulations of exam exercises) available on the e-learning platform moodle.unive.it

Italian

During Covid 19 emergency periods the delivery methods of both teaching and exams may be changed to guarantee students.

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