Culture and Economy 1
Full course description
This elective focuses on the relations between the cultural sector and society from an economic perspective. The course explores this relation with regard to three topics: art markets, creative cities and cultural policy. In period 3, the Culture and Economy elective focuses on giving students theories and background knowledge that will allow them to critically discuss and analyze these three topics. Particular attention will be given to the different notions of ‘value’ that actors within art markets, creative urbanism and cultural policy ascribe to cultural products, practices and developments – and to the historical transformation of these three domains throughout the twentieth and twenty-first centuries.
For example, students will examine how artworks are traded and how value is created in the process between artist, gallerists, auction houses, dealers, collectors and museums. Topics such as the historical development of the art market, the value-chain, the current players and institutions in the art market, and their strategies and positioning will be dealt with. Moreover, we will discuss how the Internet transformed dynamics of trading on art markets, and dynamics of cultural co-creation (‘prosumption’).
Students will learn how the production and distribution of cultural products transformed from mass-industrial production (the culture industry) to economies of scope (cultural industries), and how this process led to ‘creative clustering’ in specific cities. We will discuss the specific challenges ‘cultural industries’ face in comparison to other industries, and explore the special role cities play in contemporary global ‘economies of signs and space’. Along the way, we explore strategies of post-industrial urban re-development, urban branding, and cultural entrepreneurship in cities. In terms of cultural policy, students will learn about the values that states and governmental actors, including municipalities, ascribe to culture and how these actors define, measure and use the impact of cultural creation.
At the end of the course students will be able to:
- understand and theorize the relation between culture & economy in the of context of art markets, creative cities, cultural policy;
- grasp and distinguish between different perspectives on the links between culture and economy, including those of artists and cultural entrepreneurs, policymakers, economists, as well as critical social and cultural theory;
- grasp, distinguish and critically discuss different concepts of cultural ‘value’ (e.g. within art, urbanism, and policy)
- identify and historically contextualize key trends within contemporary art markets, creative cities and cultural policy;
- apply theories of culture and economy to art market, creative urbanism and cultural policy-related case studies;
- express theoretical understandings of relevant case studies in the format of academic writing.
There are no pre-requisites for this module.
To be announced