DLT5300 - Applied Economics and Tokenomics

Course Title

MQF Level

Duration and Credits

Semester 1

5 ECTS

Mode of Study

Part-Time Day

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Please check your eligibility to join this short course and time-tabling details with the Centre for Distributed Ledger Technologies. The short course will only be delivered subject to a minimum number of applications being received.

This study-unit will provide the necessary background in economic theory to

assess and comprehend the economic impact and policy implications of emerging technologies based on distributed ledger technologies such as cryptocurrencies and tokens;
apply economic theory to the sphere of token design and contract theory; and
assess recent applications of tokenonomics.

An indicative list of topics is provided below:

Introduction to Economic Concepts;
Monetary Economics and Digital Currencies;
The economic impact of Blockchain Technology and Cryptocurrencies;
Governance Approaches to the economics of Blockchain;
Tokenomics;
History of Tokens;
Introduction to Token Economics;
Token Engineering;
Applications of Game Theory;
Applications of 福利在线免费 Economics and Contract Theory;
Applications of Behavioural Economics and Finance.

Main Reading List

Swan, M., Potts, J., Takagi, S., Witte, F., & Tasca, P. (2019). Blockchain Economics: Implications of Distributed Ledgers -Markets, Communications Networks, And Algorithmic Reality: World Scientific Europe.
Halaburda, H., & Sarvary, M. (2016). Beyond Bitcoin: The Economics of Digital Currencies: AIAA.

Supplementary Reading List

Various research papers covering the state-of-the-art will be provided by the lecturers.

Study-unit Aims

This study-unit aims to introduce students to key economic concepts, tools and techniques which will enable them to assess various issues surrounding the topics of distributed ledger technologies and their application to real world cases in light of the current developments in economic research. The study-unit will expose students to numerous areas in economic theory and research which will provide students which a deeper understanding of key issues relating to these new technologies.

The study-unit also aims to provide students with a forum in which they can also openly discuss these areas with key practitioners.

Learning Outcomes: Knowledge and Understanding

By the end of the study-unit the student will be able to:

list the various characteristics and functions of money;
describe the characteristics and functions of money compare with platform based currencies and cryptocurrencies;
describe monetary policy and define how interest rates are determined;
describe economic externalities of DLTs and related tokens, and list such economic activities, for example the varying costs of computational requirements to run a DLT on which a token is based;
describe how tokens are designed and how token economies operate;
explain asset price bubbles and their impact on the economy.

Learning Outcomes: Skills

By the end of the study-unit the student will be able to:

design a token strategy for use within a DLT environment;
apply concepts of game theory to token design and design of governance rules;
apply model based contract theory to smart contracts;
explain and demonstrate measuring of economic activity and economic growth.

Non EU Applicants:

EUR500

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Micro-credentials offer the possibility of providing flexible learning pathways to respond to evolving needs and new developments, thus enabling students to tailor their studies to their needs. Micro-credentials may be combined or transferred into larger credentials, such as certificates, diplomas and degrees, provided that the relevant programme requirements are met. Applicants wishing to transfer micro-credentials to a programme of study are encouraged to seek the advice of the relevant academic entity.