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2014/2015  KAN-CINTV1002U  Information, Economics and Business

English Title
Information, Economics and Business

Course information
Language English
Course ECTS 7.5 ECTS
Type Elective
Level Full Degree Master
Duration One Semester
Course period Spring
Timetable Course schedule will be posted at calendar.cbs.dk
Study board
Study Board for BSc/MSc in Business Administration and Information Systems, MSc
Course coordinator
  • Ioanna Constantiou - Department of IT Mangement (ITM)
Administrative contact person is Jeanette Hansen, ITM (jha.itm@cbs.dk)
Changes in course schedule may occur
Monday 13.30-16.05, week 6-15
Main academic disciplines
  • Information Systems
  • Innovation and entrepreneurship
  • Economics, macro economics and managerial economics
Last updated on 19-02-2014
Learning objectives
During the course the students will develop analytical skills and abilities to assess market developments, and thereby, improve their capabilities to engage in individual and group decision making under uncertainty and solve specific business problems. Upon completion of the course the students will be able to develop and present concrete solutions to market problems and advise firms about how to deal with information technology challenges and opportunities.
  • Explain how economic theories have been applied to the Information Technology (IT) markets, through examples based on business cases or sectoral analysis.
  • Use a set of theoretical tools to analyse prominent economic phenomena in the IT markets
  • Identify and reflect upon the strategic implications of the analysed phenomena for the different market players
Course prerequisites
The course builds on the teaching of an introductory course in Economics at the bachelor program.
Examination
Synopsis with oral individual exam:
Exam ECTS 7,5
Examination form Oral Exam
Individual or group exam Individual
Duration 20 min. per student, including examiners' discussion of grade, and informing plus explaining the grade
Preparation time No preparation
Grading scale 7-step scale
Examiner(s) Internal examiner and second internal examiner
Exam period May/June
Make-up exam/re-exam
Same examination form as the ordinary exam
Description of the exam procedure
Synopsis (max 5 pages) with oral individual exam.

The re-take exam takes place on the same conditions as the ordinary exam.
Course content and structure

Economics of information and organization form the core of this course. The course will start by presenting a number of theories from industrial organisation and business economics that are prominent for managing information, efficiently, and for analysing business strategies in the Information Technology (IT) industries. Then, selected issues with wide impact on organizational decision making, firm’s strategy and market analysis will be presented. Indicative examples include pricing of information goods, auction design, the boundaries of the firm, the firm as a nexus of contracts and strategy making in the digital environments.


Taking these topics as points of departure the course will address some fundamental economic issues for the IT industries such as: What are the different types of Information Technology markets? How do firms exploit their strategic resources in the IT environment? How can use information generate the maximum value for the customers in IT markets? How can firms use information to maximise the value from contacts with other firms?  How can firms use information to improve strategy making in IT markets?
Teaching methods
The course will be conducted in sessions of three time-slots (3x45). Each session is strongly based on students’ participation. Following the introduction, each session includes lectures presenting specific theoretical issues, practical examples to further the understanding of the theory as well as students’ participation in the discussions about specific business cases.
Expected literature

Indicative course literature:
Clemons  (2009) “Business Models for Monetizing Internet Applications and Web Sites: Experience, Theory, and Predictions” Journal of Management Information Systems, 26(2) 15-41.
Dushnitsky and Klueter (2011) “Is There an eBay for Ideas? Insights from Online Knowledge Marketplaces” European Management Review, 8, 17–32.
Gallaugher and Wang. (2002) “Understanding network effects in software markets: Evidence from web server pricing” MIS Quart, 26(4) 303–327.
Rindova and Kotha (2001) “Continuous “Morphing”: Competing Through Dynamic Capabilities, Form, and Function” Academy of Management Journal, 44(6) 1263-1280.
Rysman (2009) “The Economics of Two-Sided Markets” Journal of Economic Perspectives, 23(3) 125-143.
Susarla, Barua, and Whinston  (2009) “A Transaction Cost Perspective of the “Software as a Service” Business Model” Journal of Management Information Systems, 26 (2) 205-240.

PLEASE CHECK THE UPDATED VERSION OF THE COURSE GUIDES ON CBSLEARN BEFORE BUYING ANY BOOKS
 
Last updated on 19-02-2014