Course Description
Discipline(s):
Social & Economic Systems
This course investigates key topics in the economics of the art market (or markets). It may be viewed as a course in applied micro-economics, with an interest in identifying the key factors that shape market outcomes, whether measured in terms of prices of individual artworks, the distribution of revenues among the major players in the market (artists, dealers, auction houses, etc.), or the financial rewards to the ownership of fine art.
