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  3. The Economics of Culture

The Economics of Culture (AMGT90018)

Graduate courseworkPoints: 12.5On Campus (Parkville)

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Year of offer2019
Subject levelGraduate coursework
Subject codeAMGT90018
Semester 2
FeesSubject EFTSL, Level, Discipline & Census Date

This subject examines the arts and culture as part of an economic system. Students are introduced to diverse approaches to the economic characterisation of arts and cultural production including culture as a public good, the creative industries paradigms and the role of taxation policies and private support for cultural activity. Different sectors of the arts and cultural industry will be analysed from highly commercialised free-market operations to fully government-funded structures.

Intended learning outcomes

On successful completion of this subject, students should be able to:

  • identify the interdependence of the arts and cultural sector with the wider economy;
  • demonstrate an awareness of the economic characteristics of different sections of the arts and cultural industry;
  • demonstrate an awareness of sources of support for the arts industry including government assistance, market mechanisms, community partnership and patronage; and
  • demonstrate an awareness of economic and taxation issues informing support and patronage of the arts.

Generic skills

At the completion of this subject, student should gain the following generic skills:

  • be able to demonstrate research skills;
  • be able to demonstrate analytical skills;
  • be able to demonstrate administrative and organisational awareness; and
  • be able to demonstrate strong conceptual and creative thinking.

Last updated: 27 July 2019