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 the theoretical and applied foundations of the Economics of art and culture in order to allow them to develop an interdisciplinary knowledge on the interdependence between the economy considered at large, arts and culture. Specifically, students will acquire the competences to evaluate the impications and motivations of the State's intervention vs. the market within the arts 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 such as monopoly;
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.

3. Use of independent judgment:
3.1. to interpret the role of Economics in the Arts' 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 public economics and microeconomics tools and concepts, applied to the economics of arts and culture. In particlar, the following topics will be covered:
Consumer theory
Elasticity
Producer theory
Demand and supply, general market equlibrium
Monopoly profit e non profit
Taxation

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

Required textbooks:
Heilbrun e Gray "The economics of art and culture" Cambridge University Press (second edition): Part II and Part III.
or
Borowiecki, Heilbrun e Gray "The economics of art and culture" Cambridge University Press (third edition): chapter 4, chapter 5 (5.1, 5.1.1, 5.2, 5.3, 5.4, 5.4.1, 5.5, 5.5.1, 5.6), chapter 6, chapter 7, chapter 11 (until 11.4.2).

Suggested textbooks:
For those students with a 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.

Additional teaching material will be made available in the moodle page of the course.

The exam is written and closed-books. The exam contains four questions to be answered in 90 minutes, including 1 or 2 open questions on theory, also considering the ability to graphically analyse the economic phenomena investigated during the course (1 or 2 questions) and an exercise requiring calculations, similar to what has been done during the course.
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.

A mock exam will be made available in the moodle page of the course.

The exam does not vary by student lecture attendance status. and grades are assigned according to the following criteria.
A. Grades within 18 and 22 will be assigned in case of:
- sufficient knolwledge of the main content of the program;
- limited ability to understand and analyse the case-studies examined during the lectures;
- sufficient ability to understand the economic implications and impact of arts and culture, both considering the public intervention in the Economy and the role fo the market.
B. Grades within 23 and 26 will be assigned in case of:
- discrete knolwledge of the main content of the program;
- discrete ability to understand and analyse the case-studies examined during the lectures;
- discrete ability to understand the economic implications and impact of arts and culture, both considering the public intervention in the Economy and the role fo the market.
C. Grades within 27 and 30 will be assigned in case of:
- good or optimal knolwledge of the main content of the program;
- good or optimal ability to elaborate and interpret the results of the case-studies examined during the lectures, also providing a critical view on them
- optimal ability to understand and critically handle the economic implications and impact of arts and culture, both considering the public intervention in the Economy and the role fo the market.
D. 30 cum laude is assigned when the student shows excellent abilities to handle the content of the program of the course and critical thinking with respect to the role of the market and the State when considering the arts and culture.

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