CMNS 230 Study Guide - Midterm Guide: Social Structure

• School: Simon Fraser University
• Department: Communication
• Course: CMNS 230
• Professor: Ingrid L.Stefanovic

Document Summary

Focuses on how humans want to be most efficiently satisfied. Aim at understanding how and under what conditions markets best function. It equates the wellbeing of people with their ability to maximize their satisfactions. The study of economic affairs which actually predates the emergence of the science of. Admits the non-market, collective and political activity of individuals and organizations to economic activity. Looks at intersections of state and market, individual and society. Assume that the production of efficient markets should be the primary goal of public policy. Approaches to culture or media or communication developed in the late 1960s and it was concerned about what they saw as the dubious role of large corporations and states in cultural production. Political economy approaches see the fact that culture is produced and consume under capitalism as a fundamental issue in explaining inequalities of power, prestige, and profit.