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.
Upon successful completion of this course, students 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.