POLITICAL ECONOMY AND MEDIA

Course Description

This course aims to promote critical thinking about the relationship between economics factors, political ideology and media production. Students will study economic concepts - including the supply chain, horizontal and vertical expansion, fixed and variable costs, market failure, public good, and economies of scale and scope – and learn how they can be applied to a range of contemporary media industries. The course will also examine the ways in which market regulation, the globalisation of production and consumption, and technological convergence are shaping the future of media industries. In addition, students will conduct and present original research about contemporary media mergers and acquisitions.

POLITICAL ECONOMY AND MEDIA

Evaluation Tools (Active Term)

No evaluation items have been defined.

Course outcomes

1. 01 1. Formulate (3) a strucured knowledge of economic factors and theories which relate to media industries
2. 02 2. Apply (4) economic concepts to a range of international media contexts
3. 03 3. Interpret (5) the relationship between economics and media production
4. 04 4. Implement (4) independent and original research, evaluating a range of material in order to arrive at conclusions
5. 05 5. Demonstrate the ability to describe (3) and critically reflect (5) on ideas in writing and in class discussion

Course Syllabus

Reference Books & Course Materials

1. 01 Gillian Doyle, Understanding Media Economics 2nd ed. (London: Sage, 2013).
2. 02 Alison Alexander et. al., Media Economics: Theory and Practice (New Jersey: LEA, 2004).
3. 03 Dwayne Winseck and Dal Yong Jin, The Political Economies of Media (London: Bloomsbury, 2011).

Learning Outcomes

1. L01 Formulate a strucured knowledge of economic factors and theories which relate to media industries SOLO 4
2. L02 Apply economic concepts to a range of international media contexts SOLO 3
3. L03 Interpret the relationship between economics and media production SOLO 4
4. L04 Implement independent and original research, evaluating a range of material in order to arrive at conclusions SOLO 4
5. L05 Demonstrate the ability to describe and critically reflect on ideas in writing and in class discussion SOLO 4

Program Outcomes

1. P01 Has knowledge of the basic concepts, theory and methods in the field of public relations, advertising, marketing and integrated marketing communications.
2. P02 Has knowledge of the appropriate media planning processes for target audiences in the field of public relations and advertising.
3. P03 Is able to write periodic reports on the activities carried out in the fields of public relations and advertising.
4. P04 Is able to use research and planning methods and techniques related to public relations and advertising.
5. P05 Knows organisational crisis management processes.
6. P06 Knows the media and digital media communication techniques and processes related to the promotion of institutions and organisations.
7. P07 Knows the creation and application of media strategy in the field of public relations and advertising.
8. P08 Has knowledge of legal regulations and ethics related to public relations and advertising.
9. P09 Is able to conduct marketing and consumer behavior research and undertake planning based on this research data.
10. P10 Is able to conduct public relations and advertising campaigns.
11. P11 Is able to use digital media and social media in the fields of public relations and advertising.
12. P12 Has the ability to use current and effective presentation techniques in the field of public relations and advertising.
13. P13 Is able to monitor social developments and changes in the behavior of the target audience and use the information obtained to design public relations and advertising campaigns.
14. P14 Is able to take initiative in solving problems in the fields of public relations and advertising by acting as a responsible individual as well as a team member.
15. P15 Is able to create and implement brand and communication strategies.
16. P16 Is able to analyse consumer behavior in traditional and digital channels of communication using scientific methods and to evaluate the unique dynamics of these channels.
17. P17 Is aware of and acts in accordance with the standards and ethical codes of national and international professional organisations in the fields of public relations and advertising.
18. P18 Can communicate effectively within an international study and work environments.
19. P19 Can apply their learning into practice in real work contexts,

Po-Lo Matrix