Information Package / Course Catalogue
Cultural Economics
Course Code: ECON316
Course Type: Area Elective
Couse Group: First Cycle (Bachelor's Degree)
Education Language: Turkish
Work Placement: N/A
Theory: 3
Prt.: 0
Credit: 3
Lab: 0
ECTS: 5
Objectives of the Course

The course aims to teach in detail the economy of culture and arts, which has become a separate market today. In addition, it aims to analyze cultural industries, which consist of the inputs and outputs of cultural heritage, performing arts and all other creative arts, from an economic perspective by considering the behavior of producers, consumers, state and private sectors.

Course Content

In the cultural economy course, economic indicators and markets will be examined and discussed in line with culture and art components. In this course, the following main topics will be discussed: The economics of culture and art, the market characteristics of this economy, the supply-demand balance, the point reached in the economic importance of culture and art in the changing and transforming world economy, development levels and the place of cultural expenditures in country economies.

Name of Lecturer(s)
Learning Outcomes
1.Students will be able to explain basic economic concepts and their interaction with culture and art.
2.Students learn the structure of the cultural economy and market rules.
3.Students will have knowledge about understanding the place of cultural policies in development and development strategies.
4.Students will be able to analyze the impact of socio-cultural structure on regional development.
5.Learning the Socio-Cultural Criteria and Conditions in the Development of Countries
6.Being able to evaluate the connections between production, development and socio-cultural structure.
Recommended or Required Reading
1.Sacit Hadi Akdede –Devlet Sanat İlişkisi (State Art Relations)
2.The Economics of Art and Culture, 2nd Edition by James Heilbrun and Charles M. Gray (2001).
Weekly Detailed Course Contents
Week 1 - Theoretical
Introduction and Overview of the Culture and Arts Market
Week 2 - Theoretical
Functioning of the Cultural Products Art Market
Week 3 - Theoretical
Microeconomics of Culture and Arts Supply and Demand: Consumer Demand
Week 4 - Theoretical
Characteristics of Culture and Arts Demand and Policy Implementations
Week 5 - Theoretical
Production in Performing Arts
Week 6 - Theoretical
Companies and Markets in the Performing Arts
Week 7 - Theoretical
Efficiency and Financial Problems in Culture and Arts
Week 8 - Theoretical
Public Policy in Culture and Arts: Should the State Encourage Art?
Week 9 - Theoretical
Effects of Globalization on Culture and Art Markets: Selected Developed Country Examples: America
Week 10 - Theoretical
Effects of Globalization on Culture and Art Markets: Selected Developed Country Examples: Europe
Week 11 - Theoretical
Public Support for Culture and Arts in Turkey
Week 12 - Theoretical
Culture-Arts, Economy and Society: Culture-Arts in Terms of Education and Employment
Week 13 - Theoretical
The Role of Culture and Arts in the Local Economy
Week 14 - Theoretical
Review and Evaluation of Cultural Economy by Period
Assessment Methods and Criteria
Type of AssessmentCountPercent
Midterm Examination1%40
Final Examination1%60
Workload Calculation
ActivitiesCountPreparationTimeTotal Work Load (hours)
Lecture - Theory143384
Midterm Examination110313
Final Examination120323
TOTAL WORKLOAD (hours)120
Contribution of Learning Outcomes to Programme Outcomes
PÇ-1
PÇ-2
PÇ-3
PÇ-4
PÇ-5
PÇ-6
PÇ-7
PÇ-8
PÇ-9
PÇ-10
PÇ-11
PÇ-12
OÇ-1
4
2
3
3
2
2
2
4
2
2
4
4
OÇ-2
4
3
3
3
2
2
2
4
2
2
4
4
OÇ-3
4
3
3
3
3
2
2
4
2
2
5
5
OÇ-4
4
3
3
3
3
2
2
4
2
2
5
5
OÇ-5
4
3
3
3
3
2
2
4
2
2
5
5
OÇ-6
4
3
3
3
3
2
2
4
2
2
5
5
Adnan Menderes University - Information Package / Course Catalogue
2026