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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.

Martin S. Gaynor