Dokuz Eylül University Information Package / Courses Catalog

Description of Individual Course Units

Course Unit Code	Course Unit Title	Type Of Course	D	U	L	ECTS
UEC 4417	ECONOMICS OF INFORMATION	ELECTIVE	3	0	0	5

Offered By

ECONOMICS (UOLP-SUNY ALBANY)

Level of Course Unit

First Cycle Programmes (Bachelor's Degree)

Course Coordinator

PROFESSOR DOCTOR EVRIM TURGUTLU

Offered to

ECONOMICS (UOLP-SUNY ALBANY)

Course Objective

The aim of this course is to the help the learner to become familiar with the use of information as one of the main actors of contemporary economics. The course also aims to make learners understand the implications of economics of information on strategy, structure and pricing.

Learning Outcomes of the Course Unit

1	To be able to describe basic concepts in economics of information
2	To be able to explore main principles of economics of information so that s/he can understand the different nature of information compared with other goods and services.
3	To be able to demonstrate understanding of implications of information on strategy and pricing decisions of the firms and market structure using real world examples.
4	To be able to examine the welfare implications of rapid and radical changes in information technologies in order to develop policy implications.

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

UEC 2002 - MICROECONOMICS II

Recomended Optional Programme Components

None

Course Contents

Week	Subject	Description
1	Introduction
2	Review of microeconomics, mathematics and probability
3	Adverse selection
4	Adverse selection
5	Moral hazard
6	Moral hazard
7	Auctions
8	Auctions
9	Social decisions
10	Social decisions
11	Behavioral aspects
12	Behavioral aspects
13	Student presentations
14	Student presentations

Recomended or Required Reading

1. Shapiro, Carl and Varian, Hal. Information Rules: A Strategic Guide to the Network Economy. Harvard Business School Press, 1998.
2. Brynjolfsson, Erik and Saunders, Adam, Wired for Innovation: How Information Technology is Re-shaping the Economy, MIT Press, 2009.
3. Donald E. Campbell: Incentives: Motivation and the Economics of Information, second edition, Cambridge 2006.
4. Reading package

Planned Learning Activities and Teaching Methods

1. Lecture
2. Reading
3. Case studies and discussions

Assessment Methods

SORTING NUMBER	SHORT CODE	LONG CODE	FORMULA
1	MT	Midterm
2	TP	TermProject
3	FN	Final
4	FCG	FINAL COURSE GRADE	MT * 0.30 +TP * 0.30 + FN * 0.40
5	RST	RESIT
6	FCGR	FINAL COURSE GRADE (RESIT)	MT * 0.30 +TP * 0.30 + RST * 0.40

Further Notes About Assessment Methods

None

Assessment Criteria

1. The learner will define basic concepts of information economics such as adverse selection and moral hazard and their implications on pricing and market structure.
2.The learner will be aware of possible causes and implications of emerging digital technologies and business methods.
3. The learner will use fundamental economic principles to illustrate the information-related business case studies.
4. The learner will analyze the wealth creation and destruction effects of rapid and radical changes related to information.

Language of Instruction

English

Course Policies and Rules

1. Attending at least 70 percent of lectures is mandatory.
2. Plagiarism of any type will result in disciplinary action.

Contact Details for the Lecturer(s)

To be announced.

Office Hours

To be announced.

Work Placement(s)

None

Workload Calculation

Activities	Number	Time (hours)	Total Work Load (hours)
Lectures	14	3	42
Preparations before/after weekly lectures	14	1	14
Preparation for midterm exam	1	15	15
Preparing assignments	5	4	20
Design Project	1	30	30
Preparing presentations	1	5	5
Midterm	1	2	2
TOTAL WORKLOAD (hours)			128

Contribution of Learning Outcomes to Programme Outcomes

PO/LO	PO.2	PO.8	PO.9	PO.10	PO.11	PO.13
LO.1			4		4	3
LO.2			4		4	4
LO.3		5	5	4	4	4
LO.4	2	3	4	5	4	3

COURSE UNIT TITLE

DEGREE PROGRAMMES

Description of Individual Course Units

Offered By

Level of Course Unit

Course Coordinator

Offered to

Course Objective

Learning Outcomes of the Course Unit

Mode of Delivery

Prerequisites and Co-requisites

Recomended Optional Programme Components

Course Contents

Recomended or Required Reading

Planned Learning Activities and Teaching Methods

Assessment Methods

Further Notes About Assessment Methods

Assessment Criteria

Language of Instruction

Course Policies and Rules

Contact Details for the Lecturer(s)

Office Hours

Work Placement(s)

Workload Calculation

Contribution of Learning Outcomes to Programme Outcomes

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