Exploring Blockchain Technology with a Special Focus on Non-Fungible Token (5 cr)

Objective

A. Blockchain Economics: NFTs are built on blockchain technology, allowing students to delve into the economic implications of decentralized systems, transaction costs, and tokenomics.

B. Market Dynamics: An NFT course can provide insights into market efficiency, information asymmetry, and the impact of disruptive digital innovations on traditional economic models and industries.

Content

A. Blockchain Technology: NFTs are typically built on blockchain technology. Understanding how blockchain works, its impact on transaction costs, and its potential for creating transparent and efficient markets is crucial for economics students.

B. Market Efficiency: Students can analyze NFT markets to understand market efficiency and the role of information in pricing. Lessons can be drawn from the efficient market hypothesis and behavioral economics to explain market dynamics.

C. Monetization and Business Models. NFTs have opened up new avenues for creators to monetize their work. Economics students can explore various NFT-based business models, revenue streams, and the economics of content creation in the digital era.

D. Cryptoeconomics: NFTs are part of the broader field of cryptoeconomics, which studies the economic incentives and mechanisms within blockchain networks. Learning about cryptoeconomics can provide insights into tokenomics, token design, and decentralized finance (DeFi).

Evaluation scale

1-5