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Prerequisite: ECON 201, 202 and 301. Offered in fall and spring.
The course offers an analysis of issues related to the 'New Economy', defined as an economy displaying higher rates of growth and productivity brought about by information and communication technologies (ICTs). Topics include the role of ICTs in productivity revival, the impact of electronic commerce on transactions costs, and the challenges offered to developing countries in the digital age. Students will be involved in current worldwide debates on such issues, including the question of whether the digital revolution calls for a shift in the paradigm in the study of economics.
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