Economics of AI and the Firm credit:

4 Hours

Analysis of economics and management of artificial intelligence in organizations, with a focus on how firms can effectively adopt and implement AI technologies. Uses economic theory and empirics to understand how AI technologies influence productivity, pricing, organizational structure, labor markets, and competition. Applications are drawn from healthcare, retail, and finance sectors. Attention is given to empirical findings, theoretical models, and policy considerations related to automation, prediction, and algorithmic decision-making. Prerequisite: CS 225 , CS 374 , MATH 241 , MATH 257 , ECON 203 , ECON 302 or their equivalents. Restricted to MS in Economics and Computer Science students, or with permissions of the instructor.