Topic 3.1
FrameworkModule Overview: The API Economy
Overview of the API economy, its infrastructure role, and regulatory implications.
⏱️15 min
Explore topic→APIs as foundational economic units, business models for digital services, and the impact of mandated data sharing.
Overview of the API economy, its infrastructure role, and regulatory implications.
Analyze APIs as fundamental digital infrastructure, analogous to electrical grids, reducing transaction costs in network economics.
Explore business models for productizing technical capabilities, including usage-based pricing and subscription tiers.
Analyze the European Union Open Finance initiative as a corrective for market failures in data access and information asymmetry.
Assess the impact of mandated APIs on consumers, MSMEs, and incumbent financial institutions.
Understand the economic rationale for API evolution and deprecation as managed transitions.