ECONOMICS | |||||
Bachelor | TR-NQF-HE: Level 6 | QF-EHEA: First Cycle | EQF-LLL: Level 6 |
Course Code | Course Name | Semester | Theoretical | Practical | Credit | ECTS |
ECO3452 | Digital Economy | Spring | 3 | 0 | 3 | 6 |
This catalog is for information purposes. Course status is determined by the relevant department at the beginning of semester. |
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. |
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. |
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. |
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 |
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. |
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 |
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 |
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 |