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.

The topics of the first module will cover:

The economic profile of the cultural sector (including definitions and taxonomies of the 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 of the second module will cover:

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

The instructor will integrate the lectures of the second module with insights and applications from behavioral and experimental economics, relevant to 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 assessment (common to both Module I and Module II of the course) will take place through a written exam. During the written exam, the use of books, notes, or electronic devices is not permitted. The written exam will consist of multiple-choice and open-ended questions.

The total duration of the exam, covering topics from both modules, will be 120 minutes and will include open-ended and multiple-choice questions aimed at evaluating the theoretical knowledge acquired during the course, as well as the ability to graphically analyze the economic issues discussed. Students will also be required to analyze a case study among those presented in class and to complete an exercise similar to those practiced during lectures.

A mock exam will be made available to students among the materials 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.

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