Course Description

Application of economic principles to the information industries, online marketplaces, and information management. Discussion of how advances in digital technology transform society. Topics include profits, industrial organization, market power, public goods, and optimal decision-making.

Credit(s)

3.0

Professor of Record

Ian MacInnes

Audience

This course is aimed at aspiring information managers, data scientists, and librarians. It is particularly relevant for people who wish for career growth through promotion into leadership and strategic roles with their future employers.

Learning Objectives

After taking this course, students will be able to:

Students will have an understanding of the basic principles of economics and how they relate to an information-based economy.
Students will understand information economics and how it differs from classical economic theory.
Students will be able to apply basic economic theory to management of information systems and information industries.
Students will be exposed to introductory cost-benefit analysis with application to information technology in the firm.

Course Syllabus

IST 619 Fall 2021 Syllabus- Ian MacInnes

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