Economics of Information Technologies
[04:547:420]
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Pre-requisites: 04:547:210 Management Of Technological Organizations Description: This course examines economic theories related to information technologies and systems. The concept of information as "commodity" is considered. Quantitative methods such as cost-benefit analysis and return on information technology investment evaluation are introduced. Alternative methods such as measuring the human costs associated with information technology implementations is also addressed. Synopsis: Course Objectives
The student will be able to:
- explain the concept of "information" as a commodity;
- identify key economic theories related to organizational investments in information technology systems, and outline their dimensions;
- identify, quantify and evaluate the costs and benefits of existing and proposed information systems;
- critically assess traditional methods for evaluating the investment returns associated with information technology and information system implementation;
- devise alternative strategies for measuring other cost factors related to information technology implementation within an organization
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