Knowledge is a vital resource which confers strategic advantages on those that possess it, and provides the possibility of misuse and abuse with increasingly dangerous economic consequences.
Information is a key issue in decision making in economics and business. Being 'in the know' confers strategic advantages to people, allowing them to lie and/or cheat on their uninformed opponents. This text is designed to take students through key issues to give an understanding of the impact of imperfect and information in an economic context.
