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. 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: 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.

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:
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

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 C.M. Gray " The economics of art and culture" Cambridge University Press (second edition): Part IV.
or
Borowiecki, Heilbrun e Gray "The economics of art and culture" Cambridge University Press (third edition): chapter 12.

Additional teaching material (i.e. slides and papers) 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 "Poverty and inequalities" and contributes to the achievement of one or more goals of U. N. Agenda for Sustainable Development