Join me in celebrating the very substantive contribution to academe made by Professor Richard Watt and Professor Jędrzej Białkowski in the next presentation in the Professorial Lecture Series for 2019.
Date: Thursday 1 August from 4.30 – 6.00pm
Location: E14 – Engineering Core
I encourage all staff and postgraduate students to attend this lecture, to actively support our new Professors, and take the opportunity to appreciate the fantastic research being undertaken in parts of the university we may be less familiar with.
“The Economics of Music and the Music of Economics” – Presented by Professor Richard Watt, Department of Economics & Finance
Economics, in one way or another, is concerned with decision making – choosing the optimal course of action from among those available. As such, one of the principal applications of economics is to study decision making along the value chain of goods and services in an economy, or more generally, decision making in “markets”. A study of a market begins with the entrepreneurial actions of bringing together inputs (raw materials, labour, capital, etc.) to create something useful, then the resulting goods and services must be made available to the consuming public (decisions around transportation, and retailing), and finally the consumers themselves decide which of them to consume (depending on their income, their preferences, and the prices of the goods and services that are available). Of all of the goods and services that circulate in an economy, “music” is one of the most fascinating, with a series of particular circumstances that have tested standard economic theory in many ways. In this talk, Professor Watt will outline the economics of the “music market”, touching on its special characteristics and the economic institutions that have evolved, and that continue to evolve, to contribute to the music market being functional, profitable, and welfare enhancing.
“Greener than a Greenback: Might the idea of socially responsible investing change the finance industry?” – Presented by Professor Jedrzej Bialkowski, Department of Economics and Finance.
Since the beginning of the 21st century, the idea of socially responsible (or sustainable and responsible) investing (SRI) has become increasingly popular, attracting a substantial amount of investors’ money and moving from a niche investing strategy to a mainstream one. SRI market participants typically seek to achieve financial returns combined with consideration of some aspect of firms’ environmental, social and corporate governance (ESG) profiles. Given the rapid proliferation of green financial products, the increasing assets under management and the differences across the products, it is important to understand this growth and the investor demand behind it.
Professor Jedrzej Bialkowski will discuss the past, current trends and the challenges faced by so-called green finance. In particular, he will focus on the behaviour of SRI investors and the performance of different types of assets in terms of risk/return profile and exposure to ESG values. Light will be shed on the importance of regulations for the development of socially responsible investing.
Professor Ian Wright
Deputy Vice-Chancellor | Tumu Tuarua