Information Economics, Winter 2007

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Author:

Jeffrey K. MacKie-Mason

Subject:

Business, Science and Technology

Institution Name:

University of Michigan

Collection:

Open.Michigan

Grade Level:

Post-secondary

Abstract:

This course is a half-semester module, Information Economics. In the second half-semester I teach a companion module, Incentive-Centered Design: Contracting and Signaling. My goal is to give you a strong grounding in the economics of information goods and services. We will analyze strategic issues faced by for-profit and not-for-port organizations: pricing, bundling, versioning, network externalities and rights management. My teaching objectives are: To provide you with a framework for understanding information problems that involve the allocation of scarce information resources; To familiarize you with the analysis of information problems through the application of economic principles (e.g., rationality, efficiency); To prepare you to analyze realistic, incompletely specified problems of the sort that confront consultants, product and pricing managers, policy makers, entrepreneurs and others.

Languages:

English

Material Type:

Full Course, Lecture Notes, Readings, Syllabi

Media Format:

Text/HTML, Downloadable docs

Conditions of Use:

Creative Commons Attribution-Noncommercial-Share Alike 3.0