Subject

Economics for ICT Engineers

Course Title

Economics for ICT Engineers
Economy for ICT engineers

Code

F23L2W100

Study Programme

Application of Information Technologies

Organizer of the study programme (unit, institute, department or division)

Faculty of Computer Science and Engineering

Degree level (first, second, third cycle)

First Cycle

Academic year / semester

3 / Winter

Number of ECTS credits

Teacher

Smilka Janeska Sarkanjac

Prerequisites for enrolling in the course

Business and Management

10.

Objectives of the course programme (competences)

ICT engineers, in developing and offering ICT services, face issues related to SLA agreements, vendors, suppliers, and the financial aspects of ICT services – how much a service costs, why exactly that amount, what the costs are, how much costs are allowed to be, and so on. The areas they need to master are budgeting, bookkeeping, pricing, financial planning, financial analysis, and reporting. This course is designed to help them master these areas by describing the basic economic models; demonstrating how these models work; and describing the main economic phenomena using economic models.

11.

Course content

What is economics? The economic problem; Supply and demand; Elasticity; Efficiency and equity; Organization of production; Output and costs; Main activities carried out in the financial management of ICT services; Valuation of ICT services; Modeling ICT service demand; ICT service portfolio management; Optimization of ICT service provision; Analysis of ICT service investments; Budgeting, accounting, and pricing; Financial alignment

12.

Learning methods

Lectures using presentations, interactive lectures, exercises (using equipment and software packages), teamwork, case studies, guest lecturers, independent preparation and defense of a project assignment and a seminar paper.

13.

Total available time

6 ECTS x 30 hours = 180 hours

14.

Distribution of available time

30 + 45 + 35 + 30 + 40 = 180 hours

15.

Forms of teaching activities

15.1.	Lectures - theoretical instruction	30 hours
15.2.	Exercises (laboratory, auditory), seminars, teamwork	45 hours

16.

Other forms of activities

16.1.	Project assignments	30 hours
16.2.	Independent assignments	35 hours
16.3.	Home study	40 hours

17.

Assessment method

17.1.	Tests	10 points
17.2.	Seminar paper / project (presentation: written and oral)	30 points
17.3.	Activities and learning	10 points
17.4.	Final exam	70 points

18.

Grading criteria (points / grade)

up to 50 points	5 (five) (F)
from 51 to 60 points	6 (six) (E)
from 61 to 70 points	7 (seven) (D)
from 71 to 80 points	8 (eight) (C)
from 81 to 90 points	9 (nine) (B)
from 91 to 100 points	10 (ten) (A)

19.

Requirement for obtaining a signature and taking the final exam

Activities 15.2 and 16.1 have been completed.

20.

Language of instruction

Macedonian and English

21.

Method for monitoring the quality of teaching

internal evaluation and survey mechanism

22.

Literature

22.1.	Required literature 1. Michael Parkin \| Microeconomics, 10/e \| Prentice Hall \| 2012 2. David Cannon \| ITIL Service Strategy, 2/e \| The Stationery Office \| 2011 3. Taki Fiti \| Economics \| Faculty of Economics, Skopje \| 2010
22.2.	Additional literature No. Author Title Publisher Year