MGT-431 / 4 crédits

Enseignant:

Langue: Anglais

Withdrawal: It is not allowed to withdraw from this subject after the registration deadline.

Remark: pas donné en 2021-22


Summary

The course is an introduction to information economics and its strategic ramifications. The main objectives are to use economic theory to understand strategic interactions in the presence of uncertainty, estimate the value of information, and analyze competitive strategy in an information economy.

Content

Keywords

Asymmetric information, market imperfections, mechanism design

Learning Prerequisites

Recommended courses

Principles of Microeconomics (MGT-454) or equivalent course

Learning Outcomes

By the end of the course, the student must be able to:

  • Recognize strategic significance of informational asymmetries
  • Represent strategic interactions in simple economic models
  • Analyze market imperfections
  • Construct business models for market intermediaries
  • Optimize pricing for differentiated products
  • Create economic mechanisms
  • Transpose concepts to concrete application (project)

Transversal skills

  • Plan and carry out activities in a way which makes optimal use of available time and other resources.
  • Use a work methodology appropriate to the task.
  • Communicate effectively with professionals from other disciplines.
  • Identify the different roles that are involved in well-functioning teams and assume different roles, including leadership roles.
  • Use both general and domain specific IT resources and tools
  • Collect data.
  • Make an oral presentation.
  • Write a scientific or technical report.

Assessment methods

Continuous assessment combining:

20% Homework (problem sets)
40% Team project
30% Written exam (midterm)
10% Class participation

Resources

Bibliography

Reading bulkpack

 

McAfee, R.P. (2005) Competitive Solutions : The Strategist's Toolkit, Princeton University Press: Princeton, NJ.

 

Shapiro, C., Varian, H. (1999) Information Rules : A Strategic Guide to the Network Economy, Harvard Business School Press: Boston, MA.

Ressources en bibliothèque

Websites

Dans les plans d'études

  • Semestre: Printemps
  • Forme de l'examen: Pendant le semestre (session d'été)
  • Matière examinée: Information: strategy & economics
  • Cours: 3 Heure(s) hebdo x 14 semaines
  • Semestre: Printemps
  • Forme de l'examen: Pendant le semestre (session d'été)
  • Matière examinée: Information: strategy & economics
  • Cours: 3 Heure(s) hebdo x 14 semaines
  • Semestre: Printemps
  • Forme de l'examen: Pendant le semestre (session d'été)
  • Matière examinée: Information: strategy & economics
  • Cours: 3 Heure(s) hebdo x 14 semaines
  • Semestre: Printemps
  • Forme de l'examen: Pendant le semestre (session d'été)
  • Matière examinée: Information: strategy & economics
  • Cours: 3 Heure(s) hebdo x 14 semaines
  • Semestre: Printemps
  • Forme de l'examen: Pendant le semestre (session d'été)
  • Matière examinée: Information: strategy & economics
  • Cours: 3 Heure(s) hebdo x 14 semaines

Semaine de référence

 LuMaMeJeVe
8-9     
9-10     
10-11     
11-12     
12-13     
13-14     
14-15     
15-16     
16-17     
17-18     
18-19     
19-20     
20-21     
21-22