- Code ECON2080
- Unit Value 6 units
The Internet is transforming many aspects of economic life, from the online purchasing and selling of goods and services, to new ways of (peer) producing information goods such as open source software, currencies (e.g. Bitcoin) and user-generated content in online social networks. This course shows how the tools of economics can further our understanding of online behaviour, and also how economics can contribute to the future development of the Internet. The course also demonstrates how data from the Internet are being used to answer important long-standing research questions in economics.
Upon successful completion, students will have the knowledge and skills to:Upon successful completion of this course, students will have the knowledge and skills to:
1. Use basic tools of economics to analyse online economic behaviour (buying, selling and producing).
2. Identify which assumptions, theory and methods used by economists to study the offline world can also be used to study online behaviour.
3. Understand the sources and use of data for empirical analysis of online economic behaviour.
4. Recognise challenges of the Digital Age and the contribution of economics to the future development of the Internet.
- Online quizzes (20%)
- Written assignment (30%)
- Final exam (50%)
In response to COVID-19: Please note that Semester 2 Class Summary information (available under the classes tab) is as up to date as possible. Changes to Class Summaries not captured by this publication will be available to enrolled students via Wattle.
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Workload2 hours of lectures + 1 hour of tutorial + 7 hours private study
Requisite and Incompatibility
- Peitz, M. and J. Waldfogel (2012): The Oxford Handbook of the Digital Economy, Oxford University Press.
- Goldfarb, A., Greenstein, S. and C. Tucker (2015): Economic Analysis of the Digital Economy, University of Chicago Press.
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- Unit value:
- 6 units
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