Economics in the Digital Era

Catalog description

(cross-leveled with ECONOM 4356 ). From what we watch, to whom we meet, to how we find out next job, platforms such as Facebook, Amazon, Google, and LinkedIn have come to play a role in almost every decision we make. Along the way, these platforms have become the most valuable companies in the world. This course compares the economics of the digital era with that of the "old economy." How do information goods differ from physical goods? How do digital markets compare with traditional markets? How are property rights created and maintained in the digital economy? How does competition differ? What is the role of personal data and privacy? Credit Hour s : 3 Prerequisites: ECONOM 3251 or ECONOM 4351