Seminar: Getting inside the digital economies
Course content
This seminar aims to enable the student to understand how the new digital economy works when earnings are made from a different source than the direct service delivered. Also, it is the objective to enable the student to apply known economic models to the altered digital market system. Three examples of possible discussions that could be made in this seminar:
- How could Facebook, Google, and Uber become so profitable when the service they provide is free?
- What is the impact when megamarkets such as Amazon or Alibaba enter an industry?
Is it possible (and if so how) to move or integrate a business into an online business environment?
The seminar is primarily for students at the MSc of Economics
Understanding how digital economies work, how profits are made, and how the economic models from “old” economies can be applied to the digital economy. Those are fundamental learnings from this seminar.
Knowledge:
After completing the course, the student is expected to be able to:
- Account for how digital economies work both in existing (non-digital) industries and in digital industries.
- Describe how the digital economy is either similar to or different from the “old” economy and put it in perspective to known economic models from either industrial organization or microeconomic theory.
- Define what economic model that will be best suited to describe a business operating in a digital economy. The arguments for the description must be soundly founded.
Skills:
After completing the course, the student is expected to be able to:
-
Analyze a business or an industry and be able to advocate for or against if either is able to perform well in a digital economy.
- Evaluate what parameters that describe either a business or an industry and compare these parameters with known economic models.
- Discuss the possible economic consequences for a business or an industry if it either initiates in a digital economy or how it will be influenced by competition from a digital service or product.
Competencies:
After completing the course, the student is expected to be able to:
- Plan a move into a digital economy for either an existing business or a new initiative or company.
- Implement the necessary steps to execute the planned move into a digital economy. This ability of implementation will also be based on the recognition of the underlying economic model.
- Identify and Initiate collaborations within the business or industry with relevant parties that will help execute the planned move of a business into a digital economy.
At the seminar the student is trained independently to
- identify and clarify a problem,
- seek and select relevant literatur,
- write a academic paper,
- present and discuss own paper with the other students at the
seminar.
The aim of the presentations is, that the student uses the
presentation as an opportunity to practice oral skills and to
receive feedback. The presentations is not a part of the exam and
will not be assessed.
Mandatory activities in the seminar:
- Kick-off meeting
- Finding literatur and defining the project
- Writing process of the seminar paper
- Presentation of own project and paper
- Giving constructive feedback to another student´s paper
- Actively participating in discussions at the presentations and
other meetings.
There is no weekly teaching/lecturing and the student cannot expect
guidance from the teacher. If the teacher gives a few introduction
lectures or gives the opportunity for guidance, this as well as
other expectations are clarified at the kickoff meeting.
Process:
It is strongly recommended that you think about and search for a
topic before the semester begins, as there is only a few weeks from
the kick-off meeting to the submission of the project description/
agreement paper.
The seminar project paper must be uploaded in Absalon before the
presentations, as the opponents and the other seminar participants
have to read and comment on the paper. It is important that you
upload a paper that is so finalized as possible due to the fact
that the value of feedback and comments at the presentation is
strongly associated with the skill level of the seminar paper.
After the presentations, you can with a few corrections improve the
seminar paper by including the feedback and comments emerged during
the presentations. It is NOT intended that you rewrite or begin the
writing of the full project AFTER the presentation has taken
place.
Important: This list is not complete and is only to give a perspective on the areas that are relevant to the seminar.Hence, it will of course not be expected nor necessary to have read all the below mentioned litterature:
Kim, W.C.; Mauborgne, R. (2005). Blue Ocean
Strategy: How to Create Uncontested Market Space and Make
the Competition Irrelevant. Boston: Harvard Business School Press.
ISBN
978-1591396192.
Porter, Michael E. (1985).
Competitive Advantage. Free Press.
ISBN
0-684-84146-0.
Malinvaud, Edmond. Lectures on microeconomic
theory, North-Holland, 1972. ISBN: 9780444876508
Tirole, Jean: “The Theory of Industrial
Organization” MIT press, 1988, ISBN: 9780262200714
Tapscott, Don (2015): “The Digital
Economy: Promise and Peril in the Age of Networked Intelligence
Anniversary Edition” McGraw-Hill. ISBN-13: 978-0070622005
Juan-José Ganuza and Gerard Llobert (2018). “ECONOMIC
ANALYSIS OF THE DIGITAL REVOLUTION”. Funcas. ISBN:
978-84-15722-94-6
Articles and papers:
OECD (2017). Trust in Peer Platform Markets. OECD
Digital Economy Papers November 2017 No. 263
Must read:
Avi
Goldfarb,
Catherine
Tucker (2017). Digital Economics. NBER Working
Paper No. 23684 – this paper the students are expected to have read
before attending the seminar.
• The student should have a basic knowledge of Industrial
Organization following the courses Industrial Organization and
Microeconomic I + II or be interested in these subjects.
• The student will benefit from attending one of the courses
Advanced Industrial Organization, Advanced Strategic Management, or
Strategic Management but is not a prerequisite for taking the
seminar.
Relation to subjects and courses: This seminar will draw on models
from industrial organization and microeconomic theory as basics to
understand and recognize how digital economics work. Hence the
basic courses such as Micro Economic theory and Industrial
Organization are highly recommended to join this seminar. The
approach to the seminar is seen from a business perspective, so
there will only be little reference to the macroeconomic impacts of
the digital economy.
BSc in Economics or similar
Autumn 2023
- Kick-off meeting: Week 36
- Deadline for submission of commitment paper / project
description: No later than 1 October.
1 october
- Deadline for uploading a seminar assignment paper in the Digital
Exam portal: No later than one week before the presentations.
- Presentations: 20 November - 11 December
- Exam date: 20 December at 10.00 AM - latest uploading of Seminar
paper to the Digital Exam portal for assessment.
- Deadline for assessment: 24 January
All information regarding the seminar is communicated through
Absalon including venue. It is very important that you by yourself
log on to Absalon and read the information already when you are
registered at the seminar.
Spring 2024
- Kick-off meeting: Week 6
- Deadline for submission of commitment paper / project
description: No later than 1 March
- Deadline for uploading a seminar assignment paper in the Digital
Exam portal: No later than one week before the presentations.
- Presentations: 1-23 May
- Exam date: 1 June at 10.00 AM - latest uploading of Seminar paper
to the Digital Exam portal for assessment.
- Deadline for assessment: 29 June
All information regarding the seminar is communicated through
Absalon including venue. It is very important that you by yourself
log on to Absalon and read the information already when you are
registered at the seminar.
The objective for this type of seminar (in my view) is to give as much learning as possible as it is one of the few Econ offerings where the student is in direct dialogue with the teacher and fellow students. This is why all of the mentioned feedback types will be used.
For enrolled students: More information about registration, schedule, rules etc. can be found at Master (UK) and Master (DK).
More information about seminars is available at Seminars (UK) and Seminars (DK).
Read about the study programme and curricula at MSc in Economics
- ECTS
- 7,5 ECTS
- Type of assessment
-
Written examination
- Type of assessment details
- A seminar paper in English that meets the formal requirements
for written papers stated in the curriculum of the Master programme
and at KUNet for seminars.
__ - Aid
- All aids allowed
for the seminar paper.
The teacher defines the aids that must be used for the presentations.
__
- Marking scale
- 7-point grading scale
- Censorship form
- External censorship
__
Criteria for exam assessment
Students are assessed on the extent to which they master the learning outcome for the seminar and can make use of the knowledge, skills and competencies listed in the learning outcomes in the Curriculum of the Master programme.
To receive the top grade, the student must with no or only a few minor weaknesses be able to demonstrate an excellent performance displaying a high level of command of all aspects of the relevant material.
- Category
- Hours
- Project work
- 186
- Seminar
- 20
- English
- 206
Kursusinformation
- Language
- English
- Course number
- AØKK08391U
- ECTS
- 7,5 ECTS
- Programme level
- Full Degree Master
- Duration
-
1 semester
- Placement
- Autumn And Spring
- Schedulegroup
-
and venue:
Go to "Remarks"
Exam and re-sits: Go to "Exam". - Capacity
- Max. students in each class 16
Max. amount of classes: 2 - Studyboard
- Department of Economics, Study Council
Contracting department
- Department of Economics
Contracting faculty
- Faculty of Social Sciences
Course Coordinator
- Klavs Rasmus Stoffregen Steensen (4-6f7677774469677372326f7932686f)
• Klavs.steensen@expeerience.com or krss@econ.ku.dk
Teacher
• Cand. Polit., HD (R), Klavs Steensen
• Klavs.steensen@expeerience.com or krss@econ.ku.dk
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