Mittelbeschaffung und Finanzierung für Erbestätten (Online)

Objectives Students will acquire a set of basic skills in budgeting, financial management and fundraising, which will allow them to estimate and acquire budgets, manage financial processes and present the economic impact and sustainability of heritage interventions. In this context the course emphasizes budgeting and financial administration requirements of major donor organizations for cultural heritage (EU, World Bank etc) and raises student’s awareness concerning the cultural diversity of global and regional approaches to fundraising and financing. Part 1: Finance for Heritage Management Students will gain familiarity with the key-concepts, terminologies and procedures of financial management as relevant to heritage projects. On the basis of exercises and scenarios, students will gain experience in budget estimation and allocation, cost categories, principles of accounting and financial reporting, as well as better understanding of auditing procedures. Part 2: Heritage Economics In this part of the course students will consider the economic impact of heritage conservation as well as its documentation to donors and decision-making. Concepts discussed include economic valuation models for heritage resources and tools to promote the economic valuation of heritage interventions, including economic impact analysis, feasibility studies, cost-benefit analysis as well as value chain models. Part 3: Fundraising for Cultural Heritage In the course on fundraising for cultural heritage students will be introduced to the ethics of fundraising activities in different contexts, including varying definitions of charitable organizations and purposes. They will understand the application requirements of major donor organizations in the cultural heritage field and will acquire competence to develop individual fundraising campaigns and understand different aspects of philanthropy, private investments, donor behaviour, and incentive models.

This course will be assessed by means of Continuous Assessments. This includes: one online individual written test of 20 minutes (10%) (open book examinations) four minor individual written assignments, each with a 1000 word limit (40%), one major individual written assignment of 2000 words (20%) and two oral group examinations of a length of 30 minutes each (30%).

Will be announced

This module will be offered entirely online and will rely exclusively on asynchronous elements (pre-recorded video materials, digital reading materials, online activities in response to lecture contents).More information and regular updates will be posted in the module entry on Moodle

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