STPS 550: New Economy: Impacts and Applications

 NEW COURSE OUTLINE

1.  Course Number and Title :

STPS 550  New Economy: Impacts and Application

2.   Catalog Description :

This course examines the concept and content of the new economy and its impact on economic agents. The near history of the new economy takes place as an introduction. Digital era and its impacts on households, firms and government are analyzed. New approaches on business transactions and its effect on labor market are taken into consideration. Both backbone of e-business such as ERP (Enterprise Resource Planning), SCM (Supply Chain Management) and e-business in action B2B (Business to Business), B2C (Business to consumer) and CRM (Customer relationship Management) takes place. The course is interactive, involves both critical discussion and project implementations (applications) about the network economy by professional presentations.

3.   Textbook 

The E-Business Workplace, SAP, John Wiley & Sons, 2001.

Kelly, K. 1999, New Rules for the New Economy : 10 Radical Strategies for a Connected World Penguin USA

4.  Supplementary Readings 

·        Bosworth, Barry S. and Jack E. Triplett 2000. “What’s New about the New Economy? IT Economic Growth and Productivity” Brookings Institution Working Paper

·        Nordhaus, W. 2000. “What is the Shape of the New Economy?”, White House Conference on the New Economy, April 5, 2000.

·        Philip Evans and Thomas S. Wurster, 1999. Blown to Bits: How the New Economics of Informtion Transforms Strategy, Boston: Harvard Business School Press.

·        Thomas L. Mesenbourg, “Measuring Electronic Business: Definitions,

·        Underlying Concepts, and Measurement Plans,” U.S. Bureau of the Census, 1999 (http://www.census.gov/epcd/, www/ebusines.htm).

·        Emily Wax, 2000 “Immigrants Use Internet As a Link With Past,” The Washington Post, February 3.

·        U.S. Department of Commerce, The Emerging Digital Economy, April 1998 and The Emerging Digital Economy II,

·        Don Tapscott, 1997. “Strategy in the New Economy,” Strategy and Leadership, November/December, 1997.

·        Cole Gomolski, “IT Job Market, Now and Later,” Computerworld, October 28, 1999.

·        Shapiro, Carl and Hal Varian 1998. Information Rules: A Strategic Guide to the Network Economy, Boston, Harvard Business School Press.

·        Stephen D. Oliner and Daniel E. Sichel, “The Resurgence of Growth in the Late 1990s: Is Information Technology the Story?,” Washington, DC: Federal Reserve Board, May 2000, pp. 24-25.

·        Daniel E. Sichel, “Computers and Aggregate Economic Growth: An Update,” Business Economics, April 1999, pp.18-24.

·        Erik Brynjolfsson and Lorin M. Hitt, 2000. “Computing Productivity: Are Computers Pulling Their Weight?,” MIT Sloan School of Management, January 2000.

·        Levy, Frank and Richard Murnane. 1996. “With What Skills Are Computers a Complement?” American Economic Review 86 (May): 258-62.

·        Machin, Stephen and John Van Reenen. 1998. “Technology and Changes in Skill Structure: Evidence from Seven OECD Countries.” Quarterly Journal of Economics 113 (November): 1215-44.

·        Katz, Lawrence F. 1999. “Technological Change, Computerization and The Wage Structure” Understanding The Digital Economy Conference Washington May 25-26.

·        Kevin Stiroh, “Computers, Productivity, and Input Substitution,” Economic Inquiry, 1998, v. 36, pp. 175-191.

·        Carolyn Veneri, “Can Occupational Labor Shortages be Identified Using Available Data?” Monthly Labor Review,March 1999.

·        www.sap.com

·        www.oracle.com

·        Shapiro, J.F., 2001, Modeling the Supply Chain, Duxbury, New York.

·        Levi D.S., Kaminsky P. and Levi E.S., 2000, Designing and Managing the Supply Chain, Irwin McGraw-Hill, Boston

·        Stacy Lawrence, “Behind the Numbers: The Mystery of B2B Forecasts Revealed,” The Industry Standard, February 21, 2000 (http://www.thestandard.com).

·        Emily Thornton,2000. “Digital Wheels”, BusinessWeek Online (International Edition), April 10, 2000, (http://www.businessweek.com/2000/00_15/b3676012.htm ).

·        Erik Brynjolfsson and Michael D. Smith, 2000. “Frictionless Commerce? A Comparison of Internet and Conventional Retailers,” Management Science, April 2000

·        Karen Clay, Ramayya Krishnan, Eric Wolff, and Danny Fernandes, 1999. “Retail Strategies on the Web: Price and Non-price Competition in the Online Book Industry,” Working Paper, December 1, 1999. Differentiating factors include site brand name awareness, ease of navigation while on the site, and a reputation for reliability. (http://dnet.heinz.cmu.edu/dcsrg/books/papers/paper1.pdf).

·        Jupiter Communications, “Online Holiday Sales Hit $7 Billion, Consumer Satisfaction Rising,” Press Release, January 13, 2000 (http://www.jup.com) and PC Data Online, “Web Retailers Score High In Customer Satisfaction Study,” Press Release, January 11, 2000 (http://www.pcdataonline.com).

·        General Motors Corporation, Ford Motor Company, and DaimlerChrysler, 2000. “Ford, General Motors and DaimlerChrysler Create World’s Largest Internet-Based Virtual Market Place,” Press Releases, February 25, 2000

5. Course Objective

This course introduces the new economy and its impacts on economic agents. By the end of the course, the student will be able to percept the new economic structure and so the business systems as a whole.

The case studies are designed to give students ability to manage information technology projects and  help them to analyze complex decision problems under technology threat.

6. Course Outline :

Part I

What’s New About the New Economy?  (1 Week)

Industrial and Occupational Change (1Week)

The Information Technology Revolution (2Week)

The Impact On Labour (2Week)

Part II.

ERP (Enterprise Resource Planning) (2 Week)

SCM (Supply Chain Management) (1 Week)

E-Business (2 Weeks)

                        B2B

            B2C

Business Inteligence (3 weeks)

DW (Datawarehouse)

CRM (Customer Relationship Management)

7.  Course Proposal Prepared By 

Erman Erkan

8.  Justification

Science and Technology Policy Studies program, as the name implies, is closely related to to the concept of ‘New Economy’.  The discussion is still being on whether there is a new economy or not?’. The productivity on the last two decades and its reasons are analyzed and justified with technology enabled business procedures.

9. Overlapping and Complementing Courses : 

There are no overlapping courses. The course complements;

·        BA 4314,

·        BA 4111,

·        BA 5111,

·        ECON 448

·        ECON 444

10. Effective Date  

II. Semester of 2002-2003 academic year

11.        Frequency

Once a year.