Eco­nom­ics in the Di­git­al Age

Course content

This course provides an introduction to the principles of microeconomics, focusing on how individuals, households, and firms make decisions in a world of limited resources. The course emphasizes the application of economic theory to real-world issues, providing a solid foundation for understanding how individuals and firms make decisions, interact in markets, and respond to policy changes. Topics include the analysis of various market structures (perfect competition, monopoly, and oligopoly), the role of government in addressing market failures, and the impact of government policies on markets. Additionally, the course covers issues such externalities and public goods, with an emphasis on understanding economic decision-making and the trade-offs that arise in everyday life. The models and concepts explored in this course can also be applied to understand the economic impacts of digitalization, including its effects on markets, business strategies, and consumer behavior. By the end of the course, students will gain a clear understanding of how economic forces shape the choices of individuals and society in both traditional and digital economies.