Economics in the Digital Age

Om faget

Emner

Økonomi Driftsøkonomi

Fagets indhold

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.

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Det lærer du

At the end of the course, the student should be able to: 1. Understand Key Economic Concepts: Build a solid foundation in fundamental microeconomic principles, including supply and demand, market equilibrium, elasticity, and the behavior of consumers and firms. 2. Analyze Market Structures: Explore various market structures—such as perfect competition, monopoly, and oligopoly—and understand their impact on pricing, output, and efficiency across different industries. 3. Apply Economic Theory to Real-World Issues and Policy: Utilize economic models and concepts to analyze real-world issues, including government policies, externalities, and the effects of digitalization on markets and business practices. Critically assess the welfare implications to form well-founded recommendations. 4: Critically Evaluate Economic Analysis, Including AI-Generated Outputs: Develop the ability to assess economic outputs, including those generated by AI, by identifying potential flaws in model assumptions, data quality, and logical reasoning.

Fakta

Niveau

Bachelor

Type

Obligatorisk fag – også udbudt som valgfag

ECTS

7,5

Fagkode

BDMAO1024U

Undervisningsperiode

Forår – semester

Studieår

2024/2025

Status

Ledige pladser

Sprog

Engelsk

Undervisningsform

På campus

Eksamen

Skriftlig eksamen på campus
Individuel eksamen, sommer

Bedømmelse

7-trins skala