INTRODUCTION TO ECONOMICS OF ART AND CULTURE II

The aim of the second module of the course is to illustrate how the economic theory, learnt in the first module, can be used to analyse economic problems in the cultural sector, addressing issues such as the market for artistic and cultural goods (from both the supply and demand side), the artists’ labour market , copyright, the economic analysis of cultural organisations such as museums and theatres, the theoretical arguments for public support to culture, the role of culture in economic development, cultural policies

On successful completion of this course, students should be able to:
- Understand the links between economics and culture, between economic value and cultural value
- Know and be able to apply the general fundamentals of microeconomic theory and public sector economics to different aspects of artistic and cultural production and consumption.
- Explain the main models that make the economics of culture a distinctive discipline, highlighting the limitations of the neoclassical economic approach
- Understand the functioning of cultural markets
- Understand the theoretical justifications and mechanisms related to public funding of culture, as well as the role of culture in urban and regional development

There are no compulsory propaedeutic courses.

1. Introduction to cultural economics: the economic value of culture
2. The demand for cultural products
3. The supply of cultural products
4. Copyright and the arts labour market
5. Public funding in the cultural sector
6. The role of culture in urban and regional development
7. Cultural policies
8. The economics of museums and performing arts
9. The fine arts market

G. Candela, A. Scorcu, Economia delle arti (ristampa 2021), Zanichelli (selection of chapters)

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

The verification of learning (common to module I and II of the course) takes place through a written test. The written test consists of multiple choice questions and open questions.
The assessment may also take into account any group work in order to ascertain the skills acquired in interpreting and summarizing the theoretical phenomena studied. During the written test, the use of books, notes and electronic media is not permitted.

written

The written exam will be assessed based on both the accuracy of multiple-choice answers and the quality of open-ended responses, according to the following criteria:

30 cum laude: All multiple-choice answers are correct; open-ended responses are complete, precise, well-articulated, and demonstrate rigorous argumentation.
28–30: High percentage of correct multiple-choice answers; open-ended responses are well-structured and content-rich.
25–27: Open-ended responses are correct but less detailed or contain minor inaccuracies.
21–24: Open-ended responses are present but show gaps, errors, or unclear expression.
18–20: Open-ended responses are very brief or partial, with fragmented expression.
Below 18: High percentage of incorrect multiple-choice answers; open-ended responses are missing, off-topic, or incorrect.

Lectures, group presentations, discussion of articles and case studies, testimonials from experts in the artistic and cultural sector.
All the material used during the lessons will be made available to students through the moodle platform