CULTURAL ECONOMICS I

The aim of the course CULTURAL ECONOMICS (12 CFU) is to introduce fundamental concepts, issues, analytical tools and recent trends of economics applied to the cultural sector, including the arts (visual arts, performing arts etc.), cultural heritage and creative industries (music industry, movie industry etc.). The course will show the relationship between the cultural domains and the economic system, and how the economic theory can be used to understand and analyze economic problems in the cultural sector. To this end, the course will present the fundamentals of microeconomics and public sector economics.

The course consists of two modules, CULTURAL ECONOMICS I (6 credits) and CULTURAL ECONOMICS II (6 credits).

In particular, the first module CULTURAL ECONOMICS I aims to provide an overview of the economic profile of the cultural sector and of cultural economics as a discipline, including its main theoretical concepts applied in particular to the production and consumption of goods and cultural activities.

On successful completion of this course, students should be able to:

- Understand, apply and deal with fundamental concepts, issues and recent trends of economics applied to the arts, culture and creative industries.

- Develop and adapt an economic reasoning related to the cultural sector in both for-profit and nonprofit settings.

- Know the general basics of microeconomic theory and be able to apply them 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 arguments for the public support of art and culture, and the mechanisms of public funding for culture

- Discuss the role of culture from the economic growth and welfare perspective

There are no compulsory propaedeutic courses.

- The economic profile of the cultural sector (including definitions and taxonomies of CCIs)

- The role of copyright and intellectual property rights for the creative industries

- Consumption, participation and demand for cultural goods and services

- Production, costs and supply of cultural goods and services

- The economics of the performing arts, museums and creative industries

- The fine arts market

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.

Written test lasting around one and a half hours containing both open and closed-ended questions.

scritto

Il/la docente ha il dovere di vigilare affinché siano rispettate le regole di autenticità e originalità delle prove d'esame. Di conseguenza, nei casi in cui vi sia il sospetto di un comportamento irregolare, l'esame può prevedere un ulteriore approfondimento, contestuale alla prova d'esame, che potrà essere realizzato anche in modalità differente rispetto alle modalità sopra riportate.

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 with in-class discussions, real case studies, individual readings, voluntary presentation of papers and case studies.

Ca ’Foscari applies Italian law (Law 17/1999; Law 170/2010) for the support and accommodation services available to students with disabilities or specific learning disabilities. If you have a motor, visual, hearing or other disability (Law 17/1999) or a specific learning disorder (Law 170/2010) and you require support (classroom assistance, technological aids for carrying out exams or exams individualized, accessible format material, note retrieval, specialist tutoring to support the study, interpreters or other) contact the Disability and DSA office disita@unive.it.