Economics of cryptocurrencies

AIms of the course

Since the inception of new distributed data structures and digital assets, technological aspects and implications of these innovations on transactions have been studied extensively. This course focuses on the economic aspects of digital currencies. It is intended for students, scholars and practitioners interested in economic aspects. We will address the following key issues:

 

  • How are digital currencies generated, traded and regulated
  • Types of digital currencies in use
  • Which risks are associated with cryptocurrencies
  • How will cryptocurrencies affect services, change old business models, compensations and monetary systems

 

AIms of the course

Since the inception of new distributed data structures and digital assets, technological aspects and implications of these innovations on transactions have been studied extensively. This course focuses on the economic aspects of digital currencies. It is intended for students, scholars and practitioners interested in economic aspects. We will address the following key issues: 

  • How are digital currencies generated, traded and regulated
  • Types of digital currencies in use
  • Which risks are associated with cryptocurrencies
  • How will cryptocurrencies affect services, change old business models, compensations and monetary systems

 

COURSE TOPICS

  • Modern payment systems
  • Cryptocurrencies and the blockchain
  • Bitcoin and Ethereum
  • Smart contracts and DApps
  • Digital vs fiat currencies: the economics of mining
  • Cryptocurrency infrastructure, exchanges and valuation
  • Cryptocurrency market analysis, trading and investment
  • ICOs and changes in business models
  • Cryptocurrency regulation
  • Cryptocurrency risk: modelling and mitigation
  • Implications for business, economy and society
  • The future of money

Gained skills

  • Understand the inner workings of common blockchain platforms, including Bitcoin and Ethereum
  • Understand smart contracts and DApps
  • Understand how people invest in cryptoassets
  • Become familiar with cryptocurrency market microstructure and regulation
  • Understand the mechanisms of an ICO, and how cryptocurrencies are being used as an alternative source of funding
  • Get acquainted with risks associated with cryptocurrency investments and current approaches to cryptocurrency risk assessment and management
  • Enhance your way of thinking about cryptocurrencies and the future of money