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.
Learning Objectives:
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.