Digital Economy

Module description

This module will introduce students to the core concepts and theories needed to make sense of the contemporary digital economy. In particular, this module will provide a systematic, historical, and critical perspective on how and why the digital economy has become the leading sector of capitalism. We will begin by setting the theoretical stage with an analysis of what ‘capitalism’ is, as well as looking at broad theoretical arguments about the shift from industrial to knowledge capitalism. We will then look at the unique organisational forms – peer production and platforms – that have come to define much of the digital economy before examining how the conditions of work are changing. In the latter half of the module, we will use these tools to examine some key industries of the digital economy, with a particular focus on data-centric and cloud-based industries, before concluding with a reflection on what the future of the digital economy might hold.

 

Assessment details

• Two x 1000 word essays (50% each)

Educational aims & objectives

To provide a critical overview of digital economic practices and models, with a specific focus on key concepts and theories required to understand the changes brought about by digitalisation in the cultural industries and in the audiences; To provide students with a range of opportunities to reflect on the impact and challenges of new technologies, such as digital surveillance and free labour; To explain the technological and social changes underlying the growth of the digital economy, especially in relation to audiences as active users and producers of economic activity.

Learning outcomes

At the end of the module, students will be expected to:

• Be able to identify and explore the challenges of a digital economy.
• Have acquired a critical understanding of the difference, and similarities, between attention, information, and the Web economy.
• Be able to assess the strengths and limitations of digital economic models, especially in relation to audiences and consumers.
• Apply key theories and concepts to case studies and recent innovations in the Web economy.

Teaching pattern

Ten one-hour lectures and ten one-hour seminars

Module description disclaimer

King’s College London reviews the modules offered on a regular basis to provide up-to-date, innovative and relevant programmes of study. Therefore, modules offered may change. We suggest you keep an eye on the course finder on our website for updates.

Please note that modules with a practical component will be capped due to educational requirements, which may mean that we cannot guarantee a place to all students who elect to study this module.

Please note that the module descriptions above are related to the current academic year and are subject to change.