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Course Details

Course Number: 90-709

Intermediate Economic Analysis

Units: 12

Economic analysis is critical to successful management of technology, including information technology. Whether you are interested in managing the information resources and technology inside an organization or in formulating a strategy for electronic commerce, the set of tools and analytical perspectives that economics provides play a vital role. The key unifying theme is the analysis of trade-offs in allocating scarce resources, how markets affect these trade-offs and allocate resources and rewards, and the implications of externalities.

After a quick review of the theory of consumer choice and the theory of production, where we will develop the analytical tools, we shall proceed to apply them. We shall study a variety of topics including the pricing of information goods and price discrimination, investment decision making, competition and competitive strategy, markets for information goods and the structure of such markets.

Faculty:
Martin S. Gaynor