New Class: Political Economy of the Information Economy, PLCP 4500

Political Economy of the Information EconomyEver wonder how Apple, Facebook, Instagram, Snapchat and the even more popular MySpace;) make money? Take this course and you will find out how, along with how that affects the way the US and world economy works.

How do global and national politics change as the main source of corporate profitability changes from control over production processes to control over intellectual property rights (IPRs) and the political process of regulation? This course explores the consequences of this shift in firms’ strategy and structure (industrial organization) for global regulation, globalization of production and the global and national distribution of income. Students will be expected to cross a 50 foot pit of flaming oil on a slack wire and battle two lions at the other end in lieu of a paper.

At the end of the course you will understand why your iPhone is so costly and how it actually works, along with the business model for social media companies.