MGT 431 – Information: Strategy and Economics

 

Course Page

 

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           Summary

This course serves as an introduction to the economics of information and its strategic ramifications. The main objectives are:

·        to use economic theory to understand strategic interactions in the presence of uncertainty and estimate the value of information;

·        to analyze competitive strategy in an information economy.

 

<Current Syllabus (Version: February 22, 2017)> 

 

Contact Details

 

Instructor

Prof. Thomas A. Weber

Operations, Economics and Strategy (OES)

EPFL-CDM-ODY 3.01

Phone: +41 21 693 01 41

Fax: +41 21 693 00 20

E-Mail: thomas.weber@epfl.ch

Office Hours: Wed 17h – 18h

 

Teaching Assistance

Ksenia Gattiker                                                                                

EPFL-CDM-ODY 4.16

Phone: +41 21 693 08 13

Office Hours: Tue 17h – 18h
E-Mail: ksenia.gattiker@epfl.ch

 

 

Administrative Assistance

Ms. Ilona Ball                                                            

EPFL-CDM-ODY 3.16

Phone: +41 21 693 00 39

E-Mail : ilona.ball@epfl.ch

 

 

Course Materials (requires authentication)

 
1: Competition and Market Power
2: Product Differentiation

3: Pricing Methods

4: Externalities and System Effects

5: Moral Hazard and Incentives
6: Markets and Intermediaries
7: Imperfect Competition: Search Markets
8: Auctions and Bargaining
9: Sharing Markets

 

                                               

Current Problem Sets & Solutions

·        Problem Set 1 (Due: March 15)    Solutions

·        Problem Set 2 (Due: April 12)    Solutions

·        Problem Set 3 (Due: April 26)    Solutions

 

Exams & Solutions

·        Practice Midterm Exam (2017)    Solutions

·        Practice Midterm Exam (2016)    Solutions

·        Practice Midterm Exam (2015)    Solutions

·        Practice Midterm Exam (2014)    Solutions

·        Practice Midterm Exam (2013)    Solutions

·        Practice Midterm Exam (2012)    Solutions

         

Useful Links & Resources

 

A.   General Resources

·      EPFL Library × information about the library and useful starting point to find electronic resources available at EPFL

·      Nebis Catalogue × here you can check EPFL’s and other Swiss libraries’ holdings, and order books to the circulation desk

·      Inomics × index of Economics conferences (quite comprehensive, but still incomplete)

·      JSTOR × download top journal papers in Business, Economics, Statistics; most recent years not available

·      Social Science Citation Index × useful to forward-search references to key papers that you identify: after searching the paper, go to its full record, click on the number next to “Times Cited”, then on the following page click on “Total”; the citation index sometimes also contains direct links to databases with pdf-copies of the papers

·      Social Science Research Network × large repository of current working papers in the social sciences

 

B.   Supply-Chain Management Resources

·        BCG Strategy Institute

·        CyberEconomics

·        Economics of Networks

·        intrade

·        Investopedia

·        McKinsey Quarterly

·        Search Engine Watch