Cultural Economics

Code:

2ECON28

Acronym:

EC

Keywords
Classification	Keyword
CNAEF	Economics

Instance: 2020/2021 - 2S

Active?	Yes
Course/CS Responsible:	Master in Economics

Cycles of Study/Courses

Acronym	No. of Students	Study Plan	Curricular Years	Credits UCN	Credits ECTS	Contact hours	Total Time
ME	12	Bologna Syllabus	1	-	7,5	56	202,5

Teaching language

English

Objectives

How does the Economic Science addresses the cultural and artistic sector?

This is the core question of the Cultural Economics course. It aims to provide the post-graduate students an overall and plural perspective on this sub-discipline of the Economic Science.

The key concepts and theories of the discipline will be presented, along with the most relevant empirical domains of the economic approach to the cultural field and its activities, institutions and agents.

Learning outcomes and competences

It is expected that the students will be able to identify and assess the economic importance of arts, culture and heritage, as well as the importance of the cultural activities for the economy. The main application domain will refer to Portugal and the European Union; and the OECD countries.

Working method

Presencial

Pre-requirements (prior knowledge) and co-requirements (common knowledge)

Minimum: graduation in Economics, Management or other Social Sciences.

Program

1. The subject matter of Cultural Economics
 1.1. The emergence of Cultural Economics as an economic sub-discipline.
 1.2. The main theories used in Cultural Economics.
2. The economic value of culture, and issues of sustainability and development
 2.1. Relationships between culture and economy: value, evaluation and impact studies in culture and arts.
 2.2. The role of culture in innovation, sustainability and economic and social development.
3. Economics of performing arts, heritage economics and economics of creative activities
 3.1. Performing arts (dance, theater, music).
 3.2. Heritage and the art market (museums, libraries and archives, plastic arts).
 3.3. Cultural industries (publishing, music, film, television, multimedia).
 3.4. Creative economy, cultural districts and cities.
4.Cultural and artistic work and the economics of copyright
 4.1. The organization of the cultural and artistic work.
 4.2. Training, jobs and careers.
 4.3. Intellectual property, copyright and globalization.
5. The state and the economic dimension of cultural policies
 5.1. Culture, public economics and regulation issues.
 5.2. Funding and support to arts and culture.
 5.3. Cultural access, participation and the construction of heritage.
 5.4. The state, the market and the economics of cultural policies.

Mandatory literature

Victor A. Ginsburgh; Handbook of the economics of art and culture

Complementary Bibliography

Ilde Rizzo; Handbook on the economics of cultural heritage. ISBN: 978-0-85793-099-6
Illde Rizzo & Ruth Towse (eds); The Artful Economist. A New Look at Cultural Economics, Springer, 2013

Comments from the literature

Specific literature will be available along the course.

Teaching methods and learning activities

Seminars / conferences will be held in classes, based on invitations to academic and non-academic experts who will  introduce specific cases or issues for discussion and work with the students. These seminars / conferences are intended to present case studies, focusing on different economic issues within the field of arts and culture. Visits to specific venues/organisations will eventually be organised.

keywords

Social sciences > Economics

Evaluation Type

Distributed evaluation with final exam

Assessment Components

Designation	Weight (%)
Apresentação/discussão de um trabalho científico	5,00
Teste	45,00
Trabalho escrito	45,00
Participação presencial	5,00
Total:	100,00

Amount of time allocated to each course unit

Designation	Time (hours)
Apresentação/discussão de um trabalho científico	25,00
Estudo autónomo	50,00
Frequência das aulas	56,00
Trabalho de investigação	50,00
Trabalho escrito	21,50
Total:	202,50

Eligibility for exams

Distribution assessment without final exam requires a minimum attendance in classes, corresponding to 75% of the total actually taught.

Calculation formula of final grade

45%*test + 45%*written work + 5%* presentation + 5%*participation in class; or 100% final exam.

Examinations or Special Assignments

If deemed necessary by the teacher, there may be an oral supplement for the defense of marks obtained in the written evaluation components.