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Home > MSI Degree > Course Catalogue > Course Description
SI 731: Advanced Information Economics
An advanced doctoral seminar on recent research in several topics within the broad rubric of information economics. Goals are to introduce you to important research ideas, methods, and results that you can use in your own research, and to prepare you to teach your own course in information economics.
Students study economics of various types of information content and of some information technologies. You also spend a somewhat smaller share of time on the design of information technologies to assist in economic allocations.
Questions about the economics of information are not new, but most of the research you will read is recent. The course design is motivated by the vast number of new problems, or new combinations of old problems, that have followed from two major trends. These trends are the exponentially falling costs of digital computation and communications. As a consequence, organizing, searching, retrieving, and delivering information has become astonishingly inexpensive. As a crude shorthand, we sometimes say that digital information can be duplicated at zero marginal cost, with perfect fidelity (no quality loss), and distributed at zero cost. When something even approximating these conditions occurs, unusual economic phenomena arise.
Credits: 3
Term offered: Winter
Home > MSI Degree > Course Catalogue > Course Description
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