Cul­tur­al Eco­nom­ics and Policy, 2nd year pro­ject: Arts and Cul­ture

Course content

Course content:
The course will provide an overview of the cultural sector, cultural economics and cultural policy. The course will show how economic theory can be used to analyze economic problems in the cultural sector, dealing with issues like market demand for arts and culture, determinants of participation in arts and culture, market failures like externalities and public goods in the cultural sector, non-market demand for arts and culture, cost-benefit analysis, production, productivity and the earning gab (Boumol and Bowens disease). Cultural policy will be analyzed using relevant theoretical models and empirical methods, and concrete examples of cultural policy at the national as well as at the local level will be analyzed and discussed. 

Course aim:
The course aims at giving knowledge about cultural economics and cultural politics in a Western European context. Cultural economics will be introduced as a discipline dealing with economic questions of the cultural sector. The course aims at giving the students knowledge about how cultural economics can be used to analyze economic problems in the cultural sector, especially relating to public finance of culture and thereby providing arguments for cultural politics. Besides the course will introduce cultural policy, characterize different models for cultural policy and show different goals and instruments of the different models.