The course of economics of the arts and of cultural policies course focuses on the economics and management of cultural institutions, both in the public (museums, theaters, superintendencies) and in the private (galleries, etc.) sector. After an introduction to the discipline of the economics of art and culture, the course will focus on the main institutions in which artistic and cultural services are provided, such as theaters, orchestras, museums and galleries, as well as cultural districts. An important part of the course will be dedicated to the management and promotion of cultural heritage and art markets. This course is very important for countries, such as Italy, which preserve an important cultural heritage and aim to further promote and expand it, for touristic purposes. The topic includes a series of approaches, neoclassical, welfare economics, public policy and institutional economics, with emphasis on both theoretical and empirical analyses.
teacher profile | teaching materials


Introduction to the Economics of the Arts and to the arts sector
Demand of arts – static models and dynamic models
Production of arts – Arts as a profession
Public and private subsidization of the arts
The economics of theatres and the performing arts
The economics of museums and art galleries
Investment and auctions in the arts

Core Documentation

Towse, Ruth (ed.) A Handbook of Cultural Economics IIed. 2011, Cheltenham, Edward Elgar

Type of evaluation

Oral exam. Possibly some written tests during the course