ECONOMICS
Bachelor	TR-NQF-HE: Level 6	QF-EHEA: First Cycle	EQF-LLL: Level 6

Course Introduction and Application Information

Course Code	Course Name	Semester	Theoretical	Practical	Credit	ECTS
ECO3452	Digital Economy	Fall	3	0	3	6

This catalog is for information purposes. Course status is determined by the relevant department at the beginning of semester.

Basic information

Language of instruction:	English
Type of course:	Departmental Elective
Course Level:	Bachelor’s Degree (First Cycle)
Mode of Delivery:	Hybrid
Course Coordinator :	Assoc. Prof. EMİN KÖKSAL
Course Objectives:	This is an advanced undergraduate course on the digital economy. The course uses a combination of theoretical modeling and empirical evidence in order to understand the digital economy.

Learning Outcomes

The students who have succeeded in this course;
1. Identify the digital economy,
2. Define how economic units interact in the digital markets,
3. Explain how digitalisation has affected some fundamental aspects of trading relationships in the economy,
4. Identify which costs the digitalisation of the economy has reduced,
5. Explain why digital markets should be designed and regulated,
6. Identify the role of government in the digital economy.

Course Content

The course aims to understand how economic units interact in digital markets and how digital markets should be designed and regulated. The course analyze some key features that are prevalent in digital markets, including network effects, two-sided markets, search and matching, reputation systems, and the use of data. The course also zoom in on individual markets, such as search engines, e-commerce platforms, and the gig economy.

Weekly Detailed Course Contents

Week	Subject	Related Preparation
1)	Introduction: The Meaning of the Digital Economy	Chapter 1 Jordan (2020)
2)	Search	Chapter 2 Jordan (2020)
3)	Social Media	Chapter 3 Jordan (2020)
4)	Taxis, Hotels and Blockchains	Chapter 4 Jordan (2020)
5)	Free Online Economies	Chapter 5 Jordan (2020)
6)	Online Games	Chapter 6 Jordan (2020)
7)	Profit, Labour, Production and Consumption	Chapter 7 Jordan (2020)
8)	Defining the Digital Economy	Chapter 8 Jordan (2020)
9)	Policy	Chapter 9 Jordan (2020)
10)	Revision with conclusions	Chapter 10 Jordan (2020)
11)	Students presentations 1
12)	Students presentations 2
13)	Students presentations 3
14)	Students presentations 4

Sources

Course Notes / Textbooks:	Jordan, T. (2020). The Digital Economy. Wiley Publishing.
References:	Brynjolfsson, E., & McAfee, A. (2014). The second machine age: Work, progress, and prosperity in a time of brilliant technologies. WW Norton & Company. Agrawal, A., Gans, J., & Goldfarb, A. (2018). Prediction machines: the simple economics of artificial intelligence. Harvard Business Press.

Evaluation System

Semester Requirements	Number of Activities	Level of Contribution
Presentation	1	% 25
Midterms	1	% 30
Final	1	% 45
Total		% 100
PERCENTAGE OF SEMESTER WORK		% 55
PERCENTAGE OF FINAL WORK		% 45
Total		% 100

ECTS / Workload Table

Activities	Number of Activities	Duration (Hours)	Workload
Course Hours	14	3	42
Study Hours Out of Class	13	8	104
Presentations / Seminar	1	3	3
Midterms	1	2	2
Final	1	2	2
Total Workload			153

Contribution of Learning Outcomes to Programme Outcomes

No Effect	1 Lowest	2 Low	3 Average	4 High	5 Highest

	Program Outcomes	Level of Contribution
1)	As a world citizen, she is aware of global economic, political, social and ecological developments and trends.	3
2)	He/she is equipped to closely follow the technological progress required by global and local dynamics and to continue learning.	5
3)	Absorbs basic economic principles and analysis methods and uses them to evaluate daily events.	4
4)	Uses quantitative and statistical tools to identify economic problems, analyze them, and share their findings with relevant stakeholders.	3
5)	Understands the decision-making stages of economic units under existing constraints and incentives, examines the interactions and possible future effects of these decisions.	3
6)	Comprehends new ways of doing business using digital technologies. and new market structures.	5
7)	Takes critical approach to economic and social problems and develops analytical solutions.	3
8)	Has the necessary mathematical equipment to produce analytical solutions and use quantitative research methods.	3
9)	In the works he/she contributes, observes individual and social welfare together and with an ethical perspective.	4
10)	Deals with economic problems with an interdisciplinary approach and seeks solutions by making use of different disciplines.	4
11)	Generates original and innovative ideas in the works she/he contributes as part of a team.	3