hese are two branches or rather methods of exposition of the science of economics. The distinction between them can best be explained by comparing their main features. As the terms suggest, macroeconomics deals with the market on a large-scale and its aggregate problems, while microeconomics concerns markets on a small-scale and individual aspects of the problems. There are six distinct aspects of the two approaches that are shown as in the following table: Microeconomics
Macroeconomics (a) Units of the study Individual consumers, producers workers, traders, etc. Aggregate units such as state National or International economy. (b) Activities Optimization and maximization of personal gains and profits. Long term growth, maintenance of high levels of production and employment. (c) Origin Micro activities emerge on the demand side of consumer’s choices. Problems of long-term growth depend upon the supply of productive resources (d) Conditions
This approach is functional under static conditions and small time intervals. This approach is functional under dynamic conditions and complex long run changes. (e) Methods It is concerned with small adjustments, for which the application of a marginal method is suitable. It deals with complex, dynamic changes inviting the use of advanced mathematical techniques. (f) Levels Micro adjustments in resource A allocation are made in response to changes in relative prices of goods and services.
The aggregate level of income or total economic activities is considered to be constant. Macro approach attempts to find the conditions of long-term expansions in output as a whole, assuming relative prices as constant (or significant). This distinction between micro and macroeconomics as presented above is only a matter of theoretical convenience. The two approaches are complementary and not competitive; one cannot consider these to be watertight compartments
Business analytics and business intelligence solutions
Business analytics and business intelligence solutions.
IT 210 Final Project Guidelines and Rubric
Technology has changed our lives drastically in the past twenty years. For example, consider the rise of mobile devices connected to the internet using wireless communication. We have progressed from shopping solely in brick-and-mortar stores to having the ability to do anything from renting a vacation home to purchasing cupcakes online using a mobile device. To keep up with how consumers communicate, businesses have to incorporate these devices and technologies into their business models to reach customers. Developing appropriate technical solutions to business problems begins with defining, analyzing, and documenting the necessary requirements.
For this project, you will play the role of an employee working for a small brick-and-mortar business. Your business is seeking to establish an online presence, but it must first invest in new technology. You will create a business systems analysis to provide the business owner with your recommendations for a technology solution that will support her venture into e-commerce.
The project is divided into two milestones, which will be submitted at various points throughout the course to scaffold learning and ensure quality final submissions. These milestones will be submitted in Modules Three and Five. The final product will be submitted in Module Seven. Use the Final Project template document as a guide to ensure you have met all requirements before submitting your final draft.
In this assignment, you will demonstrate your mastery of the following course outcomes:
Analyze a business organization for determining the business requirements related to information technology systems
Articulate the role and function of information systems in business organizations for how they impact business operations
Recommend appropriate information technology options for effectively supporting business operations
Recommend basic security considerations related to business information systems for effectively securing company data
Imagine that you work for the small brick-and-mortar business described in the final project case scenario. The owner of your business wants to focus on generating new revenue through e-commerce, but she knows that this change in operations requires the company to integrate new technology. To gain an understanding of what the business might need for technology, she has asked you to create a business systems analysis. In this analysis, you will clearly introduce the problem that your business is facing. Then, you will determine the business requirements for solving that problem, including the requirements that any new technology needs to meet. Next, you will explain how your competitors are using the two technologies in which you are investing, to determine
whether those technologies are appropriate for your business. Finally, you will propose your recommendations for the technology solution that best meets the needs of your business, including what your business owner must consider in regard to security and privacy of company data.
Select two of the following technologies to focus on in your business systems analysis paper:
Big data and knowledge management
Wireless, mobile computing, and mobile commerce
Business analytics and business intelligence solutions
Specifically, the following critical elements must be addressed:
I. Introduction: In this section, you will briefly introduce the small business from the case scenario, and the problem that it is trying to solve. A. Clearly state the problem that the business owner is seeking to solve. Be sure to address the question of what your business ultimately wants to do. B. Identify and briefly describe the two technologies from the list provided that you will research in your business systems analysis.
II. Business Requirements: In this section, you will determine what the business requirements are for solving the stated problem, and establish the criteria that will help form your technology recommendations. You will also articulate why the business owner should undertake the project of integrating new technology. A. Explain the objectives of undertaking this project to integrate new technology. In others words, what should the project accomplish, and how does it support the goal of your business?
B. Provide a project description that explains the purpose of the project. Be sure to address the following: i. What does your business need to do to satisfy the objectives? ii. What are the desired results at the end of the project? iii. Why is it important for your business owner to consider implementing new technology? C. State the key technological requirements that will be required of any new technology in order to effectively solve your business’s problem. In other words, what specifically does the technology need to be capable of doing? (These are the technology requirements in the decision matrix.)
Essay Help “>Essay Help