Undergraduate - UnitECX2123 - Economics of innovation and high technology

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.

Synopsis

This unit examines the contribution of information and electronic commerce technologies and products in a range of organisational contexts and the means of assessing the impact of these technologies and products using both qualitative and quantitative measures. Topics to be covered include: IT and EC products, costs, pricing and impact; frameworks for decision making; impact on monetary and payment systems; risk analysis; project justification; cost management; financial guidelines; system evaluation measures and estimates of benefits.

Outcomes

The learning goals associated with this unit are to:

1. understand the application of economic analysis to the markets of information technology and electronic commerce infrastructure
2. identify, quantify and evaluate the costs and benefits of existing and proposed IT and EC systems
3. critically assess methods for evaluating the return on investments in IT and EC
4. employ appropriate economic qualitative and quantitative measures of the impact of IT and EC in various business contexts.

Assessment

Within semester assessment: 40%
Examination (2 hours): 60%

Chief examiner(s)

Gennadi Kazakevitch

Contact hours

3 hours per week

Prerequisites

Students must have passed one of the following: ECG1101, ECW1101 or ECF1100 before undertaking this unit.