IT Economy (ISE555) Course Detail

Course Name Course Code Season Lecture Hours Application Hours Lab Hours Credit ECTS
IT Economy ISE555 3 0 0 3 5
Pre-requisite Course(s)
Course Language English
Course Type N/A
Course Level Natural & Applied Sciences Master's Degree
Mode of Delivery
Learning and Teaching Strategies .
Course Coordinator
Course Lecturer(s)
Course Assistants
Course Objectives The course aims at giving the student an understanding of impact of IT and new technology for evolution in modern society and enterprises. The evolution and development of society and industry will be elaborated based on different infrastructural perspectives such as, information systems, technology, economics, process and the perspective of strategizing. The course elaborates on different perspectives of economics, technology, information systems, and business economics on development and growth.
Course Learning Outcomes The students who succeeded in this course;
  • Apply financial concepts and policies into the management decision and budgeting process
  • Evaluate the financial viability of projects and activities through income statements and balance sheets
  • Attain knowledge about calculation of business activities
Course Content Basics of economics and accounting; strategic decision making; outsourcing; project evaluation techniques; IT operational budget: SaaS, pricing models; service economy; cost tracking and management; IT spending and staffing benchmarks, metrics; performance evaluation.

Weekly Subjects and Releated Preparation Studies

Week Subjects Preparation
1 Introduction Ch.1 (Tardugno, DiPasquale, Matthews)
2 IT Investment Management Framework Ch.2 (Fitzpatrick)
3 Evaluating and Selecting IT Investments Ch.3 (Fitzpatrick)
4 Evaluating and Selecting IT Investments Ch.3 (Fitzpatrick)
5 Evaluating and Selecting IT Investments Ch.3 (Fitzpatrick)
6 Buyer-Seller Relations Ch. 3 (Tardugno, DiPasquale, Matthews)
7 Buyer-Seller Relations Ch. 3 (Tardugno, DiPasquale, Matthews)
8 Resource and Cost Model Ch. 9 (Tardugno, DiPasquale, Matthews)
9 Resource and Cost Model Ch. 9 (Tardugno, DiPasquale, Matthews)
10 Resource and Cost Model Ch. 9 (Tardugno, DiPasquale, Matthews)
11 Benchmarking Ch. 10 (Tardugno, DiPasquale, Matthews)
12 Benchmarking Ch. 10 (Tardugno, DiPasquale, Matthews)
13 Measuring Success Ch. 11 (Tardugno, DiPasquale, Matthews)
14 Measuring Success Ch. 11 (Tardugno, DiPasquale, Matthews)
15 Final Examination Period Review of topics
16 Final Examination Period Review of topics


Course Book 1. Tardugno, A., DiPasquale, T., Matthews, R., IT Services: Costs, Metrics, Benchmarking and Marketing, Prentice Hall PTR, 2000.
2. Fitzpatrick, E. W., Planning and Implementing IT Portfolio Management: Maximizing the Return on Information Technology Investments, IT Economics Corp., 1. baskı, 2005.
Other Sources 3. Hefley, B. (ed.), Murphy, W. (ed.), Service Science, Management and Engineering: Education for the 21st Century, Springer, 2008.
4. Johnson, M. D., Gustafsson A., Competing in a Service Economy: How to Create a Competitive Advantage Through Service Development and Innovation, Jossey-Bass (J-B-UMBS Series), 2003.

Evaluation System

Requirements Number Percentage of Grade
Attendance/Participation - -
Laboratory - -
Application - -
Field Work - -
Special Course Internship - -
Quizzes/Studio Critics - -
Homework Assignments 3 30
Presentation - -
Project - -
Report - -
Seminar - -
Midterms Exams/Midterms Jury 1 30
Final Exam/Final Jury 1 40
Toplam 5 100
Percentage of Semester Work
Percentage of Final Work 100
Total 100

Course Category

Core Courses
Major Area Courses
Supportive Courses
Media and Managment Skills Courses
Transferable Skill Courses

The Relation Between Course Learning Competencies and Program Qualifications

# Program Qualifications / Competencies Level of Contribution
1 2 3 4 5
1 An ability to apply knowledge of mathematics, science, and engineering. X
2 An ability to design and conduct experiments, as well as to analyze and interpret data. X
3 An ability to design a system, component, or process to meet desired needs. X
4 An ability to function on multi-disciplinary domains. X
5 An ability to identify, formulate, and solve engineering problems. X
6 An understanding of professional and ethical responsibility. X
7 An ability to communicate effectively. X
8 Recognition of the need for, and an ability to engage in life-long learning. X
9 A knowledge of contemporary issues. X
10 An ability to use the techniques, skills, and modern engineering tools necessary for engineering practice. X
11 Skills in project management and recognition of international standards and methodologies X
12 An ability to produce engineering products or prototypes that solve real-life problems. X
13 Skills that contribute to professional knowledge. X
14 An ability to make methodological scientific research. X
15 An ability to produce, report and present an original or known scientific body of knowledge. X
16 An ability to defend an originally produced idea.

ECTS/Workload Table

Activities Number Duration (Hours) Total Workload
Course Hours (Including Exam Week: 16 x Total Hours)
Special Course Internship
Field Work
Study Hours Out of Class 16 5 80
Presentation/Seminar Prepration
Homework Assignments 3 15 45
Quizzes/Studio Critics
Prepration of Midterm Exams/Midterm Jury 1 20 20
Prepration of Final Exams/Final Jury 1 30 30
Total Workload 175