This module focuses, also through practical activities and reflections, on the art market and its multifaceted applications: looking at visual and performing arts, demand and offer curves, dynamics of prices and markets equilibrium.

Challenges of Global Markets and Businesses

12 hours

Part One: THEORETICAL OVERVIEW

  • Visual and performing arts.
  • Utility;
  • Choices;
  • Demand and offer;
  • Crucial effects; 
  • Dynamics of prices;
  • Market equilibrium;
  • Baumol’s disease;
  • Public and private intervention.

 

Part Two: PRACTICAL FOCUS ON  ART MARKET

  • Art adviser and gallery manager;
  • Art critics;
  • Publishing trade;
  • Photography;
  • Cinema;
  • Television corporation;
  • Music;
  • Artworks: markets, collectors and investors;
  • Art investment vs traditional investment;
  • Art auctions;
  • The theft and falsification of artworks.

 

Part Three: 

Reflection and study skills: where am I going?

Reflection on personal ambitions and plans for work purposes about possible stage/work at auctions, museums, galleries, banks, investment managers, art foundations.

Study skills: 

  • Focus on blended learning
  • Learning oriented assessment: noticing, self assessment, reflection and reviews.