BITM Digital Economy
bitmsemester 8
Digital Economy
Subject Code: IT250
Course Title: Digital Economy
Course No: IT250
Nature of Course: Theory & Practical
Full Marks: 60
Pass Marks: 30
Credit Hours: 3
Course Description
This course deals with the introduction to digital economy, fundamentals of digital economy, digital markets, strategy and innovation, digital transformation, economics of information, and digitalization from a Nepalese perspective.
Course Objective
The course aims to enhance students' cognitive knowledge and practical skills in digital technologies in the field of economics and management.
Course Contents
| Course Contents | Teaching Methodology | Teaching Hours |
|---|---|---|
| Unit 1: Introduction (8 Hrs.) | ||
| Digital economics: concepts, drivers, and ecosystem | Lecture | |
| K-economy: concepts and drivers | ||
| Differences between digital economy and k-economy | ||
| The fourth industrial revolution: drivers, opportunities, and challenges | ||
| Influence of digital economy: sustainability, privacy, regularity, and strategies | ||
| Unit 2: Fundamentals of Digital Economy (7 Hrs.) | ||
| Multi-sided platforms: Network effects and positive feedback | Lecture | |
| Lock-in and switching costs | ||
| Formulation of monopolies in the digital economy | ||
| Digital adoption index and OECD digital adoption government index | ||
| Unit 3: Digital Markets, Strategy and Innovation (10 Hrs.) | ||
| Competition, cooperation, and competition | Lecture | |
| The layered internet model | ||
| Digital innovation | ||
| Digital business models | ||
| Value creation models | ||
| Modeling of digital markets | ||
| Unit 4: Digital Transformation (8 Hrs.) | ||
| Digital transformation: concepts and drivers | Lecture | |
| Accelerating SDGs through digital transformation | ||
| Role of technological revolution in the world economy | ||
| Globalization and economic growth in the digital age | ||
| Digital currencies: concepts and types | ||
| Unit 5: Economics of Information (8 Hrs.) | ||
| Asymmetric information: concepts and determinants | Lecture | |
| Asymmetric information and digitalization | ||
| Online search engines | ||
| Artificial intelligence | ||
| Strategy and the new economics of information | ||
| Effects of digitalization on consumer choice and labor markets | ||
| Intellectual property and digitalization | ||
| Unit 6: Digitalization in Nepalese Perspective (7 Hrs.) | ||
| E-governance: concepts, process, and structure | Lecture | |
| E-governance practices in Nepal | ||
| Digital financial inclusion in Nepalese financial markets | ||
| Opportunities and challenges for digital transformation in the public sector | ||
| Digital transformation and the economic performance in trade, tourism, agriculture, and SMEs |
Text Books
1. Øverby, H., & Audestad, J. A. (2021). Introduction to digital economics: Foundations, business models and case studies (2nd ed.). Springer.
2. Maheshwari, A. (2019). Digital transformation: Building intelligent enterprises. Wiley.
3. Adhikari, G. M. (n.d.). Digital economics (Recent ed.). Kathmandu.