ECON 103 - Economics of Creative Industries

Units: 3
Definition and economic measurement of the creative economy; organization of cultural sector; production and supply of cultural goods; determinants of audience demand for cultural goods. Course examines the economics of creative industries: music, film, performing arts, book publishing, and broadcasting.

Possible Instructional Methods: On-ground or Online-Asynchronous.
Grading: A-F grading only.
Student Learning Outcomes - Upon successful completion of this course students will be able to:

Apply basic concepts in microeconomics to explain the economic organization of the creative industries;
Understand the production, consumption, and pricing of cultural goods;
Describe and evaluate various government programs to support the performing arts;
Describe the economic rationale and consequences for creativity of intellectual property rights;
Identify economic challenges facing specific industries including music, film, performing arts, book publishing, and broadcasting.