In the last decades,
we saw many innovative digital
products and services emerging.
Today we use these machines, online services,
and computers on an everyday basis.
They're practical, very handy,
useful and make our lives much easier.
But what are the implications of this digitalization
on our economic system?
This is the topic of today’s module,
which is divided into three units.
In the first unit, we look at how digitalization
changes the way we work.
Here we will examine automation
and whether it is likely to make us all unemployed.
We will also look at gig work and work from home
and their managerial and policy implications.
In the second unit, we will ask
how digitalization changes the way we pay.
We will examine the costs
and benefits of existing digital payment solutions,
and we will talk about potential future solutions.
Finally, in the third unit,
we turn to the question of how digitalization
affects the way firms compete.
Here we will examine how digitalization
promotes the establishment of dominant firms.
We will also look at why too much market power is harmful
and what policies we could use to minimize
the negative aspects of such market power.
Join me in exploring these interesting questions
about the economic aspects of digitalization.