ECONOMICS OF MUSIC, FILM AND TELEVISION

ECO3MFT

Not currently offered

Credit points: 15

Subject outline

This subject provides insight into the inner-workings of various cultural and arts-related industries, including (but not limited to) music, film and television - industries that almost everyone interacts with, and of immense broad-based intuitive appeal. Students will be given an understanding of the 'business' behind the camera and the recording studio, and will be able to appreciate apparent anomalies in these industries with the use of economic tools to rationalise them. Students will also be able to comprehend the specificities and nuances of the economics of arts and culture in relation to not only other leisure-based industries, but also other non-related industries. This subject is also an option for students in other faculties (eg. arts, journalism) that wish to include some economics studies in their degrees.

SchoolLa Trobe Business School

Credit points15

Subject Co-ordinatorLiam Lenten

Available to Study Abroad StudentsYes

Subject year levelYear Level 3 - UG

Exchange StudentsYes

Subject particulars

Subject rules

PrerequisitesN/A

Co-requisitesN/A

Incompatible subjectsN/A

Equivalent subjectsN/A

Special conditionsN/A

Readings

Resource TypeTitleResource RequirementAuthor and YearPublisher
ReadingsA Textbook of Cultural EconomicsPrescribedTowse, R.CAMBRIDGE UNIVERSITY PRESS, CAMBRIDGE (2011)
ReadingsA Handbook of Cultural EconomicsRecommendedTowse, R.EDWARD ELGAR, NORTHAMPTON (2003)
ReadingsEconomics and CultureRecommendedThrosby, D.CAMBRIDGE UNIVERSITY PRESS, CAMBRIDGE (2001)
ReadingsJournal of Cultural EconomicsRecommendedN/AN/A

Graduate capabilities & intended learning outcomes

01. At the completion of the subject students will be able to : Explain, contrast and disucss economic theories of culture.

Activities:
Selected resources and content presentations will be provided online. On campus activities will focus assit students to discuss relevant economic theories. This activity will be supported with an online forum.
Related graduate capabilities and elements:
Speaking (Speaking)
Writing (Writing)
Teamwork (Teamwork)
Inquiry/ Research (Inquiry/ Research)

02. Create an economic analysis of a hypothetical or real event in one of the media industries.

Activities:
Towards the end of the unit, students will undertake an analysis of a particular event ; their development of a reoprt will be supported in on campus sessions and online via a wiki.
Related graduate capabilities and elements:
Creative Problem-solving (Creative Problem-solving)
Information Literacy (Information Literacy)
Critical Thinking (Critical Thinking)

03. Critically evaluate the economics of the music, film and broadcasting industries.

Activities:
Over several weeks students will analyze a case study in each industry. Student teams will develop and present a critique of a specific industry to other students.
Related graduate capabilities and elements:
Critical Thinking (Critical Thinking)
Inquiry/ Research (Inquiry/ Research)
Information Literacy (Information Literacy)
Creative Problem-solving (Creative Problem-solving)

04. Describe the basics of markets in relation to culture

Activities:
Describe the basics of markets in relation to culture
Related graduate capabilities and elements:
Inquiry/ Research (Inquiry/ Research)
Speaking (Speaking)
Writing (Writing)

05. Describe the basics of welfare and public economics and apply this to culture.

Activities:
Describe the basics of welfare and public economics and apply this to culture.
Related graduate capabilities and elements:
Writing (Writing)
Speaking (Speaking)
Ethical Awareness (Ethical Awareness)
Inquiry/ Research (Inquiry/ Research)

Subject options

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Subject not currently offered - Subject options not available.