Units
Managing Money in the Arts
Unit code: KTP413
Credit points: 12
Information about fees and unit costs
Arts managers, event managers and creative producers play a critical role in taking great ideas to market. In this unit, you will examine the entrepreneurial strategies arts leaders use to implement their ideas in the current policy and economic climate. You will consider the role of corporate development, fundraising, grants, sponsorship and philanthropy.
Availability
| Semester | Available |
|---|---|
| 2013 Semester 1 | Yes |
Sample subject outline - Semester 1 2013
Note: Subject outlines often change before the semester begins. Below is a sample outline.
Rationale
Arts managers play a critical role in bringing innovative new arts products and programs to market. To be effective in this role, arts managers need to understand the economics that underpin the development, distribution and marketing of arts products and programs, and the part commercial development, corporate development, sponsorship, philanthropy, grants and fundraising play in financing a range of different arts products and programs.
Aims
This unit aims to equip you with the skills required to understand the finances of an arts, cultural or creative industries organisation, and use suitable fundraising, grant, philanthropy, sponsorship or commercialisation opportunities to fund an arts, cultural or creative industries organisation's products and programs.
Objectives
At the completion of this unit, you should be able to:
1. Explain the economic structure of the arts, cultural and creative industries.
2. Explain the economic structure of arts, cultural and creative industries organisations
3. Establish funding systems and structures to support the implementation of arts, cultural or creative industries products, programs and services
4. Develop grant, sponsorship and investment applications and proposals
5. Effectively communicate ideas, information and financial proposals to stakeholders
Content
This unit addresses content such as:
- The economic structure of the arts, cultural and creative industries
- The economic structure of arts, cultural and creative industries organisations
- Finance, cash flow and accounting for arts managers
- Federal, state and local government funding and grants
- Philanthropy
- Sponsorship
- Corporate development
- Commercialisation
- New arts, cultural and creative industries product or program development
Approaches to Teaching and Learning
This unit will be delivered through lectures, guest lectures and tutorials. In general, the time will be split between lectures, discussion of topics raised in the lectures, learning tasks, and consideration of case studies exemplifying effective arts management practices. The classroom contact will be complemented by online resources, available through the unit's Blackboard site.
Assessment
LATE ASSIGNMENTS
An assignment submitted after the due date without an approved extension will not be marked. If you are unable to complete your assignment on time, you should submit on time whatever work you have done.
Faculty Assessment Information
To access complete Creative Industries Faculty Assessment Information please refer to the Blackboard site for this unit.FORMATIVE ASSESSMENT
Students will be provided with timely and constructive feedback on their performance through assessment items 1, 2 and 3 which will inform their final assessment item.
Assessment name:
Presentation (Oral or Group)
Description:
You will present a 5 minute Elevator Pitch for a n arts, cultural or creative industries product, program, service or enterprise business idea.
Relates to objectives:
1, 2, 3, 5
Weight:
20%
Internal or external:
Internal
Group or individual:
Individual
Due date:
Mid Semester
Assessment name:
Project (applied)
Description:
You will develop a business plan, funding proposal, sponsorship proposal, or grant, sponsorship or investment application or proposal for for an arts, cultural or creative industries enterprise product, program, service or enterprise.
Relates to objectives:
1, 2, 3, 4, 5
Weight:
50%
Internal or external:
Internal
Group or individual:
Individual
Due date:
End of Semester
Assessment name:
Presentation (Oral or Group)
Description:
You will present your funding proposal to the class.application or proposal to the class.
Relates to objectives:
2, 5
Weight:
30%
Internal or external:
Internal
Group or individual:
Individual
Due date:
End of Semester
Academic Honesty
QUT is committed to maintaining high academic standards to protect the value of its qualifications. To assist you in assuring the academic integrity of your assessment you are encouraged to make use of the support materials and services available to help you consider and check your assessment items. Important information about the university's approach to academic integrity of assessment is on your unit Blackboard site.
A breach of academic integrity is regarded as Student Misconduct and can lead to the imposition of penalties.
Resource materials
Required Text
Required readings will be made available via the Course Materials Database (CMD) and Blackboard.
Recommended References
This unit's Blackboard site contains an overview of the material, as well as the additional readings and the case studies or business models to be discussed in class each week.
Risk assessment statement
There are no out of the ordinary risks associated with this unit.
Disclaimer - Offer of some units is subject to viability, and information in these Unit Outlines is subject to change prior to commencement of semester.
Last modified: 21-Sep-2012
