KLS 3410 Cultural Economics
KLS 3410 Cultural Economics
Cultural Economics introduces cultural and creative industries in an economic framework and is an important foundation course for introducing economic theories and methods of analysis in Creative Industries Management's program courses.
Students are equipped with theoretical concepts and analytical tools to understand valuation in relation to cultural and creative goods, and why certain cultural goods receive public subsidies. In addition, the course will cover critical economic questions about the supply and demand of cultural and creative goods. This includes recent research on the characteristics of creative work, the formation of consumer preferences, consumer theory, segmentation and digital consumption.
The course is based on two main questions: What is cultural economics? And how is cultural economics used in practice? The course is conducted with theory linked to case studies.
Students will learn about basic theoretical and analytical tools to evaluate processes and dynamics in the cultural and creative industries. They will acquire knowledge about:
- key characteristics of cultural and creative goods
- arguments for public support for the cultural sector
- theories of value in the cultural and creative industries
- methods for assessing economic and non-economic values
- theories about creative workers' motivation and income
- consumer behavior in the creative industries
The students should able to explain and analyze the basic behavior of the key actors within the creative industries. They will learn:
- to identify a range of economic-related issues within the cultural and creative industries
- to apply economic theories and tools to understand the fundamental dynamics within the cultural and creative industries
The students will learn to apply methods from economics as an analytical approach to making sense of the cultural and creative industries. By treating important concepts from cultural economics in a single course, the course will prepare the students' use of these concepts in the industry-specific courses.
- What is cultural economics?
- Organization of markets in the creative industry
- Economic arguments for public support for cultural goods
- Economic and non-economic values in cultural and creative goods
- Creative workers' labor market and income
- Economics of copyright
- Digital distribution of cultural and creative goods
- Consumer theory, market segmentation and audience research on cultural and creative goods
The course is conducted using lectures and case discussions.
The course has work requirements with four assignments to be written in note form. Three of the assignments must be approved in order for the students to sit the exam.
Instruction
The teaching will take place using a combination of Norwegian and English. The lectures will be in English, while the discussions will take place in Norwegian. The exam can be answered in Norwegian or English.
Continuation
Students who do not get the work requirement approved in the course are not allowed to sit the exam. This means that they must take the entire course again when completing it later.
Students that have not passed the written examination or who wish to improve their grade may re-take the examination in connection with the next scheduled examination.
| Mandatory coursework | Courseworks given | Courseworks required | Comment coursework |
|---|---|---|---|
| Mandatory | 4 | 3 |
| Assessments |
|---|
Exam category: Submission Form of assessment: Submission PDF Exam/hand-in semester: First Semester Weight: 100 Grouping: Group/Individual (1 - 3) Duration: 2 Week(s) Exam code: KLS 34101 Grading scale: ECTS Resit: Examination every semester |
| Activity | Duration | Comment |
|---|---|---|
Teaching | 24 Hour(s) | |
Teaching | 6 Hour(s) | assignment review and guidance |
Student's own work with learning resources | 50 Hour(s) | |
Prepare for teaching | 40 Hour(s) | |
Submission(s) | 80 Hour(s) |
A course of 1 ECTS credit corresponds to a workload of 26-30 hours. Therefore a course of 7,5 ECTS credit corresponds to a workload of at least 200 hours.