COURSE UNIT TITLE

: ECONOMICS OF INFORMATION

DEGREE PROGRAMMES

Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS
ECO 4417 ECONOMICS OF INFORMATION ELECTIVE 3 0 0 5

Offered By

Economics

Level of Course Unit

First Cycle Programmes (Bachelor's Degree)

Course Coordinator

PROFESSOR EVRIM TURGUTLU

Offered to

Economics

Course Objective

The aim of this course is to the help the learner to become familiar with the use of information as one of the main actors of contemporary economics. The course also aims to make learners understand the implications of economics of information on strategy, structure and pricing.

Learning Outcomes of the Course Unit

1   To be able to describe basic concepts in economics of information
2   To be able to explore main principles of economics of information so that s/he can understand the different nature of information compared with other goods and services.
3   To be able to demonstrate understanding of implications of information on strategy and pricing decisions of the firms and market structure using real world examples.
4   To be able to examine the welfare implications of rapid and radical changes in information technologies in order to develop policy implications.

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

ECO 2002 - MICROECONOMICS II

Recomended Optional Programme Components

None

Course Contents

Week Subject Description
1 Introduction
2 Review of microeconomics, mathematics and probability
3 Adverse selection
4 Adverse selection
5 Moral hazard
6 Moral hazard
7 Auctions
8 Auctions
9 Social decisions
10 Social decisions
11 Behavioral aspects
12 Behavioral aspects

Recomended or Required Reading

1. Shapiro, Carl and Varian, Hal. Information Rules: A Strategic Guide to the Network Economy. Harvard Business School Press, 1998.
2. Brynjolfsson, Erik and Saunders, Adam, Wired for Innovation: How Information Technology is Re-shaping the Economy, MIT Press, 2009.
3. Donald E. Campbell: Incentives: Motivation and the Economics of Information, second edition, Cambridge 2006.
4. Reading package

Planned Learning Activities and Teaching Methods

1. Lecture
2. Reading
3. Case studies and discussions

Assessment Methods

SORTING NUMBER SHORT CODE LONG CODE FORMULA
1 MT Midterm
2 PRT Participation
3 FN Final
4 FCG FINAL COURSE GRADE MT * 0.40 + PRT * 0.10 +FN * 0.50
5 RST RESIT
6 FCGR FINAL COURSE GRADE (RESIT) MT * 0.40 +PRT * 0.10 + RST * 0.50


*** Resit Exam is Not Administered in Institutions Where Resit is not Applicable.

Further Notes About Assessment Methods

None

Assessment Criteria

1. The learner will define basic concepts of information economics such as adverse selection and moral hazard and their implications on pricing and market structure.
2.The learner will be aware of possible causes and implications of emerging digital technologies and business methods.
3. The learner will use fundamental economic principles to illustrate the information-related business case studies.
4. The learner will analyze the wealth creation and destruction effects of rapid and radical changes related to information.

Language of Instruction

English

Course Policies and Rules

1. Attending at least 70 percent of lectures is mandatory.
2. Plagiarism of any type will result in disciplinary action.

Contact Details for the Lecturer(s)

To be announced.

Office Hours

To be announced.

Work Placement(s)

None

Workload Calculation

Activities Number Time (hours) Total Work Load (hours)
Lectures 12 3 36
Preparations before/after weekly lectures 12 1 12
Preparation for midterm exam 1 15 15
Preparing assignments 5 4 20
Design Project 1 30 30
Preparing presentations 1 5 5
Midterm 1 2 2
TOTAL WORKLOAD (hours) 120

Contribution of Learning Outcomes to Programme Outcomes

PO/LOPO.1PO.2PO.3PO.4PO.5PO.6PO.7PO.8PO.9PO.10PO.11PO.12PO.13PO.14
LO.1443
LO.2444
LO.355444
LO.4234543

CONTACT INFORMATION
Dokuz Eylül Üniversitesi Cumhuriyet Bulvarı No: 144 35210 Alsancak / İZMİR
Phone: +90(232) 412 12 12 - Fax: +90 (232) 464 81 35

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