Subject · Economy

Digital economyTopics

İF-2613y6 creditsSpring semesterMandatory2025-2026

Topic plan

The subject's topics and the learning outcomes attached to each one.

15 topics
  1. 1. Theoretical and structural foundations of the digital economy

    Lecture

    Industrial revolutions and the evolution of digitalization; the concept and key features of the digital economy; the transition from the information economy to the digital economy; platform economy and network effects; digital transformation and business model innovation; the structure of digital markets; and information and digital resources as sources of economic value.

  2. 2. Foundations of the digital economy i: digital goods and services

    Lecture

    The concept, key characteristics, and classification of digital goods and services; the features of marginal and transaction costs in the digital economy; the average revenue per user (arpu) indicator in digital business models; public good characteristics of digital services; and bundling and digital commodification of digital products.

  3. 3. Foundations of the digital economy ii: production models in the digital economy

    Lecture

    Forms of production of digital goods and services; the in-house production model; the commons-based peer production (cbpp) model; the crowdsourcing mechanism; the open-source software model and its economic characteristics; and algorithmic coordination.

  4. 4. Value models in the digital economy III

    Lecture

    Platform-based value creation; multi-sided platforms (msps); network effects; data-driven value creation; digital monetization mechanisms; and digital ecosystems.

  5. 5. Network effects and market dynamics in digital markets

    Lecture

    Positive and negative network effects; same-side and cross-side effects; path dependency; and market concentration and structural changes in digital markets.

  6. 6. Consumer dependency mechanisms and the formation of market power in digital markets

    Lecture

    Lock-in and switching costs; lock-in mechanisms; regulation of lock-in; the formation of monopolies in the digital economy; mergers and acquisitions; standards; and the long tail phenomenon.

  7. 7. Measurement and indicators of the digital economy

    Lecture

    Gdp, measurement and development indicators of the digital economy, g20 metrics, and measurement tools and analytical approaches (descriptive, predictive, prescriptive).

  8. 8. Big data and data-driven decision making

    Lecture

    The 5v characteristics of big data; data collection and processing systems; data monetization; descriptive analytics, predictive analytics, and prescriptive analytics; data visualization and decision support systems; applications of big data in financial analytics, including credit scoring and risk modeling.

  9. 9. Effect of shock wave on people and objects

    Independent work

    Analysis of the nature and degree of damage to people by shock waves (injuries of different severity) and classification of damage to buildings, structures and equipment (full, strong, medium, weak destruction) with different values ​​of excess pressure.

    Open resource: Effect of shock wave on people and objects (opens in a new tab)
  10. 10. Financial technologies (fintech) and digital finance

    Lecture

    The concept and economic significance of fintech; fintech ecosystems and key participants; digital banking and neobank models; open banking and the API economy; electronic payment systems and digital money instruments; central bank digital currencies (cbdcs); financial innovations and digital financial infrastructure.

  11. 11. Blockchain technology and decentralized systems

    Lecture

    The economic logic of blockchain; distributed ledger technology (dlt); consensus mechanisms (pow, pos, etc.); smart contracts; token economy; decentralized finance (defi); DAO models; and blockchain applications in the real sector.

  12. 12. Digital assets, data, and valuation models

    Lecture

    The economic nature of cryptoassets and digital assets; tokenomics and incentive mechanisms; blockchain-based data structures and transparency; on-chain data analysis and market indicators; valuation models for cryptoassets; volatility and behavioral factors; algorithmic trading and data-driven price forecasts; and ESG and energy consumption considerations.

  13. 13. Evolution of digital markets and s-curves

    Lecture

    S-curve in markets; empirical evidence; competition, collaboration, and cooperation; and the role of electronic banking.

  14. 14. State policy and regulation of the digital economy

    Lecture

    Digital taxation and data policy; anti-monopoly mechanisms in platform markets; regulation of cybersecurity and digital assets; and national and international digital development strategies.

  15. 15. The role of the state in the development of the digital economy in azerbaijan

    Lecture

    The role of e-government in digital economy development; the e-government portal and its services; verification tools for electronic transactions in the e-government system; the legal framework for the digital economy; electronic registration of business entities; and key areas of state support for digital economy development.