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 have knowledge which is supported by up-to-date primary and secondary course books and application tools in the field of Visual Communication Design
2. P02 have technical knowledge necessary for the field of Visual Communication Design
3. P03 Have knowledge about universal human rights, social justice, quality management, environmental protection, and workplace health.
4. P04 S/he visualises imagined things in a coherent structure
5. P05 S/he defines the problems related to communication and finds possible solutions for these problems.
6. P06 S/he has skills to manage a project/work related to Visual Communication Design independently.
7. P07 S/he develops and applies projects and activities related with his/her social environment with an awareness of social responsibility.
8. P08 S/he designates and manages the requirements and processes of learning.
9. P09 S/he, equipped with advanced knowledge and skills in Visual Communication Design education, who interprets and evaluates data, identifies and analyses problems and finds solutions based on research and facts.
10. P10 S/he can take responsibility as an individual and a team member in complex and unforeseen problems related to Visual Communication Design projects.
11. P11 S/he plans, manages and finishes a media content under time restrictions.
12. P12 S/he approaches advanced knowledge and skills from a critical perspective.
13. P13 S/he is aware that the Visual Communication Design Department has close ties with new technological developments and also aware of the importance of pursuing these developments which have vital importance for creating new media content.
14. P14 S/he is a person who informs and expresses thoughts for possible solutions related with Visual Communication Design contents prepared for related individuals and organisations.
15. P15 S/he shares developments and data related to Visual Communication Design with specialists and non-specialists
16. P16 S/he acts in Visual Communication Design projects in accordance with social, scientific, cultural and ethical norms.

Po-Lo Matrix