Fall 2018: Carnegie Mellon University
- Strategy 45970 (MBA): Strategies in Information Markets
This course studies the role of information in markets, with a focus on technology and e-commerce industries. It explores how information enhances the scope for trade, including how firms collect and aggregate information about consumers' preferences to price discriminate and tailor product recommendations, how designing rating systems that facilitate communication between consumers can overcome moral hazard and improve trade and how information affects firms' abilities to compete and collude with each other. The course will also discuss the unique features of information goods -- for example, online content, music or data about consumer behavior -- including how to produce, price and sell information. Material will be a combination of economic concepts and case studies of specific firms or industries, including Amazon, Yelp, Airbnb and Dropbox. The goal is to identify distinct features of technology and e-commerce industries and provide a solid economic understanding of the key forces underlying these markets.
Past Courses: University of Pennsylvania
- Econ 235 (undergraduate): Industrial Organization, with a focus on technology and e-commerce markets
- Econ 712 (graduate): Topics in Economic Theory - Learning, Information and Dynamic Games
- Econ 681 (graduate): Microeconomic Theory I
- Econ 101 (undergraduate): Intermediate Microeconomics
This is an advanced undergraduate elective that studies the behavior of firms, with a focus on technology and e-commerce industries. The course includes a mixture of theoretical models, which build on the tools from intermediate microeconomics, and case studies of specific firms or industries, including Airbnb, Dropbox, Amazon and Yelp. The goal is to provide a solid theoretical base to rigorously analyze firm behavior, to discuss the real-world applications of these formal models and to identify the distinct features of technology firms. The course employs the case-based teaching method to tie the classical theoretical models underpinning industrial organization to specific examples. Case studies of focal topics for tech firms, such as online advertising and consumer rating systems, demonstrate how technology and the internet are changing the environment in which firms operate.
Taught Spring 2015, Fall 2015 and Spring 2018.
This is an advanced topics course in microeconomic theory, focusing on topics related to learning and information. The course covers models of social learning, experimentation, information theory, information design, information aggregation and the role of information in dynamic (continuous time) games. This includes foundational contributions, recent developments and open questions in the literature, with applications to behavioral economics, political economy and industrial organization. The goal of the course is to provide students with tools and techniques to transition from coursework to research.
Taught Fall 2013, Spring 2015, Spring 2017 (at U. Pittsburgh) and Fall 2017.
This class is the first half of a sequence covering the foundations of modern microeconomic theory at the graduate level. The first part of this class covers classic consumer theory and producer theory, while the second half focuses on choice under uncertainty and general equilibrium theory.
Taught Fall 2015.
This is the core microeconomics class for all economics majors. The course covers the classical models of consumer theory, producer theory and markets. It emphasizes the development of the analytical tools economists need to construct these theories, and it requires sophisticated mathematical reasoning and creative problem-solving.
Taught Fall 2012, Fall 2013.