ARTS AND CULTURE ECONOMICS AND TAXATION (ADVANCED COURSE) - 1

This course is the first of two modules in the course ADVANCED ECONOMICS OF ART AND CULTURE AND TAXATION and is one of the core courses in the degree program in Economics and Management of Arts and Cultural Activities.
The educational objective of the course is to provide knowledge related to understanding and analyzing the complementary and interdependent aspects of economics, art, and culture. This knowledge is then used to prepare students to develop projects that can connect professional worlds that are perceived as distant, namely management, economics, and culture. In particular, the first module will provide an overview of the economic profile of the cultural sector and the economics of culture as a discipline, including its main theoretical concepts applied in particular to the production and consumption of cultural goods and 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 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.

There are no mandatory prerequisites.

The topics covered in the first module will include:
- The economic profile of the cultural sector (including definitions and taxonomies of CCIs)
- Consumer theory, participation, and demand for cultural goods and services
- Production, costs, and supply of cultural goods and services
- Competitive markets and monopoly
- Taxation
- The economics of the performing arts, museums, and visual arts

The topics covered in the second module will include:
- Information asymmetries
- Positive externalities and merit goods in the art and culture market
- Public goods and cultural public goods
- The public role in the market for artistic goods and cultural activities
- Nudges and the consumption of cultural goods

Borowiecki, Gray and Heilbrun " The economics of art and culture" Cambridge University Press (third edition): Chapter 3, 4, 5, 6, 7, 8, 10, 11.

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

Learning assessment (common to modules I and II of the course) takes place through a written exam. During the written exam, the use of books, notes, and electronic devices is not permitted. The written exam consists of multiple-choice questions and open-ended questions.
The total duration of the exam on the topics of both modules will be 120 minutes and will consist of open-ended and multiple-choice questions, aimed at assessing the theoretical knowledge acquired during the course, including the ability to analyze economic issues graphically. Students will also be asked to analyze a case study from among those proposed in class and to complete an exercise similar to those carried out in class.

A facsimile of the exam will be made available to students among the material on Moodle.

written

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.

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.