One course / 3 units.
Historical and analytical study of the way art objects have been produced and marketed. Peculiarities of the product, applicable sales techniques, and pricing procedures. Attention to the role of dealers, auctioneers, the art of criticism and formation of preferences, and innovation. Comparative and longitudinal examinations of the evolution of practices, institutions, and the regulatory environment in art markets. Pre-requisite: ECON201D. One course.
This is the equivalent for Principles of Microeconomics from Advanced Placement on the basis of a score of 4 or 5 on the Advanced Placement Microeconomics exam, or credit for a sufficient score on a Duke-recognized international examination such as the International Baccalaureate. Only ECON21 and ECON22 together substitute for ECON101. One course.