ECON 222(S) Economics of the Arts and Culture
This course uses the perspectives and tools of economics to analyze questions
arising in connection with culture and the arts. What economic forces influence
the creation, presentation, preservation and ownership of art and culture? Should
support for the arts be provided through private patronage, private philanthropy,
or public sector support? How does the mechanism of support for art affect the
productivity and creativity of the artist? Does art make a good investment for an
individual? If so, why do art museums require donations and public support?
What are the impacts on economic vitality and local economic development of
cultural and arts organizations? When these impacts arise, how can (or should)
they be used for public policy?
Format: lecture, discussion. Requirements: midterm and final exam, two policy
memoranda.
Prerequisite: Economics 110. Enrollment limit: 35 (expected: 30). Preference
given to sophomores and juniors.