Competences developed in the course

Transversal Competences

CT3: Solve problems and make decisions that respond to the objectives of the work undertaken.

CT4: Use information and communication technologies efficiently.

CT6: Exercise self‑criticism regarding one’s professional and interpersonal performance.

CT7: Use communicative skills and constructive criticism in teamwork.

CT9: Integrate effectively into multidisciplinary teams and diverse cultural contexts.

CT11: Develop a professional ethic based on aesthetic, environmental and diversity awareness.

CT15: Work autonomously and value initiative and entrepreneurial spirit in professional practice.

General Competences

CG16: Understand the social, cultural and economic context in which musical practice develops, with attention to both local and global dimensions.

CG24: Develop capacities for self‑directed learning throughout one’s professional life.

CG27: Understand and apply legislation relevant to one’s professional field.

Specific Competences

PG8: Understand economics, management, accounting, market strategies and human resources.

PG9: Understand the professional environments in which musical activity takes place and their specific characteristics.

PG10: Understand the characteristics of public management from the logic of public service and its regulatory particularities.

PG12: Master the characteristics of the music business, understanding that they are not necessarily in contradiction with a commitment to artistic quality.

PG15: Master conceptual and practical tools for launching one’s own musical business project.

Learning outcomes (general objectives)

1. Identify the differences and various uses of budget management and treasury management.
2. Recognise different types of expenditure and the functioning of amortisations.
3. Interpret balance sheets and income statements.
4. Understand budgets as instruments for both planning and management control.
5. Acquire a basic understanding of the legal environment in which private music financing operates.
6. Master new concepts and tools for resource acquisition.
7. Understand music as an economic phenomenon generating wealth through direct, indirect and induced impacts.
8. Be capable of launching one’s own business project using the most appropriate legal, economic and conceptual tools.
9. Develop fundamental notions and skills for business project management.
10. Develop the ability to relate to diverse interlocutors and languages.
11. Develop practical personal skills for communication and management.
12. Identify the differences and various uses of budget management and treasury management.
13. Recognise different types of expenditure and the functioning of amortisations.
14. Interpret balance sheets and income statements.

Contents

Preparation and management of treasury plans. Analysis and interpretation of financial statements. Budget management as a planning instrument. Income management. Concepts of expenditure. Investments and amortisations. Criteria for budget planning. The economic context of music. Financing systems. The legal framework as an incentive for private participation in musical activity. Conceptual foundations for business creation. Self‑employment. Tools for developing one’s own business project. Support resources for new companies. Skills required to create a new company. From idea to implementation: the importance of the project.

Teaching methodology

Teaching–learning methodology includes lectures (topic presentations), debate and discussion sessions, group work sessions and student presentations.

Assessment systems

Continuous assessment based on diagnostic evaluation and formalised through summative assessment leading to the final grade. Continuous assessment is carried out through different evaluation records derived from specific activities such as class participation and work, presentation of assignments, completion of tasks and/or readings outside class, submission of written work, or written and oral examinations.