Public Policy and Creative Sectors

Markets for creative products and services such as music, films, magazines, books, and fine art may be small in terms of revenue and employment but have a daily presence in our lives. Understanding how these industries work and how technological, demographic, and regulatory changes impact these sectors will give students a toolbox for connecting microeconomic concepts to public policy debates. This course connects major topics in microeconomics and labor economics such as market power, superstar markets, collective bargaining, contract theory, technological change, and externalities to applications in the creative sectors.