LESSON 9

How are media, economy, politics, and

society interconnected?

What issues connect them with one

another?
OBJECTIVES
At the end of the lesson the students should be able to:

 understand how media influence the economy, politics, and society and
vice-versa
 relate the political economy of media to specific issues
 examine a particular media-related issue through the lens of political
economy, and
 discuss the basic concepts of the political economy of media.
The Political economy of media

MEDIA
economy politics

society
Political economy
Deals with how issues of ownership
affect media.

individual government public policy

Relationship
Robert McChesney
issues on political economy…

(Pages 67-68 of your textbook)

Information and the
economy
Newsrooms compete for immediacy.

Credible/trusted
Information and the
economy
Information as a capital good (Marc Porat)
ERIC Number: ED142205

Information is more valuable than manufacturing

 Peso dollar
In relation to media and information

It is the responsibility of news media to help the

audience grasp this.

Effects of peso-dollar rate

Stock
market
 Stock market
where investors buy and sell shares of
companies

One of the most intense jobs in business

journalism.
 Stock market
One of the dangers of reporting
on the stock market is the
tendency of some reporters to
make it sound appealing and
headline worthy.
 Stock market

“giving too much weight to one theory

or another about the market’s
movement”
 Media and education

“We become what we behold. We shape

our tools, and thereafter our tools shape
us.”
- Marshall McLuhan
 Media and education
Should also provide about anything that
would make people make intelligent
decisions that are of importance.
Media, society, and politics
 “INFOGRAPHIC”
1.Group the class into five (5).

2. Each group will create an

(1ST)
infographic on how media,
Mini PETA economy, and society
interrelated with each other.
are

(final term) SCORING RUBRIC

Content/ Creativity -20
Originality -15
Craftsmanship -15
50 pts
Deadline: November 9, 2022
THANK YOU!