CMN 1160 Study Guide - Final Guide: Canadian Literature, Premiership Of Stephen Harper, Geographical Distance

• School: University of Ottawa
• Department: Communication
• Course: CMN 1160
• Professor: Daniel Pare

Document Summary

Week 11 to week 14: november 17 to december 6: Capitalism: idea that markets operate ideally in very effective manner. Assumption that market is fully competitive depend on all participants in the market having perfect info to make right choice (idealized market) Not most efficient items that succeeded and move forward. Issue of value: 2 types: exchange value: what you"re willing to pay for something. Everything has a price: use value: this piece of technology is very useful in my life. Economism : notion of treating everything like a commercial interest. Doesn"t make sense to help a helping hand if it can"t survive in the market ex: canadian film. Notion of viewing culture/goods as an economic item. Overlooks: market externalities : things not represented in the investment. Overlook externalities: asks us to consider value of something to society beyond the exchange value. Non rivals: my use of something does not diminish your ability to use it.