ECO 309 Lecture Notes PDF

ECO 309 : L ec ture 1 Introduction to Study Economic Information Systems Prof. Dr. Magdy El-Shourbagui Head of the Department of Economics Misr University for Science & Technology Economics  ECO 309 : L ec ture 1 Contents ❑ Definition of Economi...

ECO 309 : L ec ture 1 Introduction to Study Economic Information Systems Prof. Dr. Magdy El-Shourbagui Head of the Department of Economics Misr University for Science & Technology Economics  ECO 309 : L ec ture 1 Contents ❑ Definition of Economics. ❑ Definition of Microeconomics. ❑ Definition of Macroeconomics. ❑ Definition of Information Economics. ❑ Definition of Information Economy. ❑ Definition of Data. ❑ Types of Data.  ECO 309 : L ec ture 1 Contents ❑ Transformation Data into Information ❑ Functions for transforming data into information ❑ Types of Information. ❑ Definition of Information. ❑ Classification of Information Definition of Economics Definition of Microeconomics Definition of Macroeconomics Definition of Information Economics Definition of Information Economy Definition of Data unites Definition of Data  Types of Data ❑ Types of Data According to Form. ❑ Types of Data According to the Level of Mathematical Scaling. Types of Data According to Form Types of Data According to the Level of Mathematical Scaling  Types of Data According to the Level of Mathematical Scaling 1- Nominal data Types of Data According to the Level of Mathematical Scaling 3 Types of Data According to the Level of Mathematical Scaling  Types of Data According to the Level of Mathematical Scaling 2- Ordinal data Types of Data According to the Level of Mathematical Scaling  Types of Data According to the Level of Mathematical Scaling 3- Interval data Transformation Data into Information Functions for transforming data into information Definition of Information Classification of Information Classification of Information According to Source Classification of Information According to Nature Classification of Information According to Level Classification of Information According to Time Classification of Information According to Frequency Classification of Information According to Use Classification of Information According to Form Classification of Information According to Type  ECO 309 : Lecture 2 Opportunity Cost and Information Prof. Dr. Magdy El-Shourbagui Head of the Department of Economics Misr University for Science & Technology Economics  ECO 309 : Lecture 2 Contents  Definition of Economic Good.  Production Costs of Economic Good.  Marginal Benefit.  Marginal Net Benefit.  Marginal utility vs. Marginal Benefit.  Definition of Opportunity cost.  Importance of opportunity cost  Production possibility frontier and opportunity cost  Calculating Opportunity cost. Definition of Economic Good Definition of Economic Good Production Costs of Economic Good Production Costs of Economic Good Marginal Benefit Marginal Net Benefit Marginal utility vs. Marginal Benefit Definition of Opportunity cost Definition of Opportunity cost Importance of opportunity cost Production possibility frontier and opportunity cost Examples of opportunity cost Examples of opportunity cost Examples of opportunity cost Calculating Opportunity cost Calculating Opportunity cost Calculating Opportunity cost Calculating Opportunity cost Calculating Opportunity cost Calculating Opportunity cost Calculating Opportunity cost Calculating Opportunity cost Calculating Opportunity cost Calculating Opportunity cost Calculating Opportunity cost