ARTS AND CULTURE ECONOMICS AND TAXATION (ADVANCED COURSE) - 2

The objective of the second part of the course is to analyse the role of the public sector in the market for the arts and culture. More specifically, we will investigate the reasons and the consequences or the Government's intervention, focusing on how to finance cultural activities.

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: externalities, public goods and information asymmetries;
1.3. understanding of the intrisic and extrinsic motivations in the consumption of cultural goods; in particular when considering cultural public goods;

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 market of arts and culture, also with respect to the innovations related to behavioral economics;
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 Arts sector;
3.2. to critically asses the main limits of neoclassical economics in the analysis of real-world scenarios.

Non sono previste propedeuticità obbligatorie.

Asymmetric Information
Positive externalities and merits goods in the market for the arts and culture
Public Goods and Cultural Public Goods
The role of the public sector in the economy and in the market for culture and art
Nudges and consuption of cultural goods

Heilbrun e C.M. Gray " The economics of art and culture" Cambridge University Press (second edition): Part IV.
Additional material (i.e. slides and papers) will be made available in the moodle page of the course.

The exam is written and closed books. It lasts about 1 hour and a half, including about 4 questions of different types:
- open questions on theory
- graphical analysis
- exercises requiring calculations
The exam tests preparation based on BOTH the textbook AND the additional teaching material (slides and papers) made available in moodle. A mock exam will be made available at the end of the course.
The exam does not vary by student lecture attendance status.

Both parts of the exam ECONOMIA DELL'ARTE E DELLA CULTURA AVANZATO E FISCALITA' DEI MERCATI CULTURALI (i.e. I and II) have to be passed within the SAME round.

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 "Poverty and inequalities" and contributes to the achievement of one or more goals of U. N. Agenda for Sustainable Development