Universität Wien
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040098 UK SOLV (BA) (2024W)

Art and Economics: A Critical Introduction to the Art Market

4.00 ECTS (2.00 SWS), SPL 4 - Wirtschaftswissenschaften
Continuous assessment of course work

Diese Lehrveranstaltung wird von Studierenden der Volkswirtschafslehre organisiert

Mehr Informationen (zu Literatur, etc.): tba
Moodle
We 22.01. 16:45-18:15 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß

Registration/Deregistration

Note: The time of your registration within the registration period has no effect on the allocation of places (no first come, first served).

Details

max. 50 participants
Language: German

Lecturers

Classes (iCal) - next class is marked with N

  • Wednesday 02.10. 16:45 - 18:15 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Wednesday 09.10. 16:45 - 18:15 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Wednesday 16.10. 16:45 - 18:15 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Wednesday 23.10. 16:45 - 18:15 Hörsaal 3 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Wednesday 30.10. 16:45 - 18:15 Hörsaal 3 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Wednesday 06.11. 16:45 - 18:15 Hörsaal 3 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Wednesday 13.11. 16:45 - 18:15 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Wednesday 20.11. 16:45 - 18:15 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Wednesday 27.11. 16:45 - 18:15 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Wednesday 04.12. 16:45 - 18:15 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Wednesday 11.12. 16:45 - 18:15 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Wednesday 08.01. 16:45 - 18:15 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Wednesday 15.01. 16:45 - 18:15 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Wednesday 29.01. 16:45 - 18:15 Hörsaal 5 Oskar-Morgenstern-Platz 1 Erdgeschoß

Information

Aims, contents and method of the course

This semester's SOLV (Self-Organised Course) offers an insight into the art market. Throughout the semester, students will explore its institutional history and its unique legal aspects. Furthermore, students will examine the effects of globalization and macroeconomic trends on the art market. Finally, contents from game theory related to the art market, particularly auction formats and bidding strategies, will be discussed. The course aims to highlight the connections between art and economics and aims to foster interest in such interdisciplinary topics.

The SOLV (self-organised course) is a series of courses organised by the VWL-Basisgruppe Roter Börsenkrach (www.roterboersenkrach.at). The aim is to convey content that students feel is missing or too short in the VWL curriculum. Therefore, the choice of topics, planning and implementation of the course are the responsibility of interested students. If you would like to help organise one of the next SOLVs, please contact the organisation team (solv@roterboersenkrach.at).

Please note that this course will present content in both German and English. A sufficient understanding of both languages is therefore essential for participation.

Assessment and permitted materials

Presentation (40%)
Four Quizzes each counting 10% (40%)
Attendance/participation (20%)

Minimum requirements and assessment criteria

Participation and willingness to read and discuss literature in English and German on a weekly basis are required; also regular attendance (max. 3 unexcused absences). To receive a positive evaluation, at least 50% of the total possible points are required.

Grade key:
- Very good: P>=87.5
- Good: 75 <= P < 87.5
- Satisfactory: 62.5 <= P < 75
- Satisfactory: 50 <= P < 62.5
- Not sufficient: P<50

Examination topics

Contents from the theoretical inputs of the joint sessions.

Reading list

McAndrew, Clare; Et al: Art Market Report 2024. Basel, Zürich: Art Basel, UBS, 2024.
Krishna, Vijay: Auction Theory. Academic Press, Elsevier, 2010.
Huemer, Christian; Avery-Quash, Susanna: London and the emergence of a European art market, 1780-1820. Los Angeles: The Getty Reseach Institute, 2019.
Fleckner, Gaehtgens, Huemer: Markt und Macht: Der Kunsthandel im »Dritten Reich«. De Gruyter, 2017.

Further Literature will be announced on moodle.

Association in the course directory

Last modified: Mo 02.09.2024 12:45