ECON 3050 - The Economics of Art, Entertainment, and Culture

3 Credit Hours

Description
Not available for credit in the major: may be used as a nonmajor elective depending on program. Each year Americans spend at least 120 billion hours and over $150 billion on legal forms of entertainment. In spite of this, the economic idiosyncrasies of the sector are often not well understood. This class examines the economics of the major entertainment enterprises: the performing arts and other fine arts, movies and television programming, commercial music, broadcasting, cable television, casino gambling, and more. In addition to the basic facts and microeconomic characteristics of these industries, the class discusses how the sector is impacted by the macroeconomy and public policy.