This course explores how social media platforms such as Facebook, Twitter, TikTok, and others create value for users and the public. By applying frameworks from economics, management, and sociology, students will gain a deep understanding of the mechanisms that drive platform growth, user engagement, and monetization.
The course is divided into two parts. The first part introduces theories from economics, sociology, and management literature to explain how social media platforms generate value for their users and stakeholders. The second part examines the positive and negative societal impacts of these platforms, such as issues related to privacy, misinformation, and community building.
Throughout the course, students will have the opportunity to choose a social media platform of their interest and apply the frameworks learned in class to conduct their own analysis. They will critically assess why certain platforms succeed or fail, the reasons behind user growth or decline, and how social media shapes broader societal trends.
By the end of the course, students will be equipped to answer questions such as: Why is Facebook losing users while TikTok is rapidly gaining them? What factors drive the success of some platforms over others? Why are certain governments banning TikTok but not Facebook?