Infonomics

Academic year 2011-12

Date last modified

23-4-2012 1:29

Period

Period 1

Startdate:

05-Sep-11

Enddate:

28-Oct-11

Code

SSC2020

ECTS credits

5.0

Organisational unit

University College Maastricht

Coordinator

E. Tsakas

Description

The aim of this course is twofold: It is an extension of the first-year microeconomics course to topics such as game theory, industrial organization, information economics and auctions, while at the same time it introduces the students into the information society. The suggested requirement for the course is to have a solid background in microeconomics at the level of the first-year course offered by our department. However, since the aim of the course is to develop both analytical and modeling skills, it is also recommended that the students have prior knowledge of basic calculus and probability theory, which roughly speaking corresponds to a minimum level of familiarity with the topics covered in Chapters 25 and 26 from Dutta (1999). Though the course is demanding, it is structured in a way such that a student can be successful by regularly attending the lectures and the tutorials. A rough estimate of the minimum self-study time needed to pass the course is about 12 hours a week.

Goals

• To provide students with an understanding of the impact of information on the economy and society.

Instruction language

Prerequisites

SSC1002 Economics and Business. Recommended SSC1026 Quantitative methods.

Recommended literature

• Shapiro, C., & Hal R. V. (1999). Information Rules: A Strategic Guide to the Network Economy. Harvard Business School Press. • Dutta, P.K. (1999). Strategies and games: Theory and pracice, MIT Press.

Teaching methods

PBL
PRESENTATION(S)
LECTURE(S)
ASSIGNMENT(S)
PAPER(S)

Assessment methods

FINAL PAPER
ATTENDANCE
PARTICIPATION
WRITTEN EXAM
ORAL EXAM
TAKE HOME EXAM

Key words