Cultural Economics

Code:

2ECON28

Acronym:

EC

Keywords
Classification	Keyword
CNAEF	Economics

Instance: 2015/2016 - 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	0	Bologna Syllabus	1	-	7,5	56	202,5

Teaching language

Suitable for English-speaking students

Objectives

How does the Economic Science address 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 of 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 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)

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.

3. Economics of performing arts, heritage economics and economics of creative activities

3.1. The performing arts (dance, theater, music and dance).

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 labour force 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

Throsby, David; Economics and culture. ISBN: 0-521-58406-X
Towse, Ruth; A textbook of cultural economics. ISBN: 978-0-521-88872-1

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 students. These seminars / conferences are intended to present case studies, focusing on different economic issues within the field of arts and culture.

Evaluation Type

Distributed evaluation with final exam

Assessment Components

Designation	Weight (%)
Teste	60,00
Trabalho escrito	40,00
Total:	100,00

Calculation formula of final grade

60% test + 40% written work; or 100% final exam.