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Mathematical Methods for Economics - Information and Communication Technology (ICT) | 11th Economics : Chapter 12 : Mathematical Methods for Economics

Chapter: 11th Economics : Chapter 12 : Mathematical Methods for Economics

Information and Communication Technology (ICT)

Information and Communication Technology (ICT) is the infrastructure that enables computing faster and accurate.

Information and Communication Technology (ICT)

 

Information and Communication Technology (ICT) is the infrastructure that enables computing faster and accurate. The following table gives an idea of range of technologies that fall under the category of ICT.

 


 

The evaluation of ICT has five phases. They are evolution in

 

a.        Computer

 

b.        PC

 

c.         Microprocessor

 

d.        Internet and

 

e.         Wireless links

 

In Economics, the uses of mathematical and statistical tools need the support of ICT for data compiling, editing, manipulating and presenting the results. In general, SPSS and Excel packages are often used by researchers in economics. Such Software is designed to do certain user tasks.Word processor, spread sheet and web browser are some of the examples which are frequently used while undertaking analysis in the study of economics.

 

1. MS Word

 

MS word is a word processor, which helps to create, edit, print and save documents for future retrieval and reference.

 

The features of word processor are

 

a.        Document can be created, copied, edited and formatted.

 

b.        Words and sentences can be inserted, changed or deleted.

 

c.         Formatting can be applied.

 

d.        Margins and page size can be adjusted.

 

e.         Spell check can be availed.

 

f.          Multiple documents – files can be merged.

 

How to open a word Document?

 

One can open MSWord from various options.

 

Click start → All program → MS word or Double click the MS word icon from the desktop.

 

Uses of Menu

 

Home menu → It is used to change the fonts, font size, change the text color and apply text style bold, italic, underline etc.

 

Insert → It is used to insert page numbers, charts, tables, shapes, word art forms, equations, symbols and pictures.

 

Page Layout → It is used to change the margin size, split text into more columns, background colour of a page.

 

Reference → Insert table of authors, endnote, footnote

 

Review → Spell check, Grammar, Translate.

 

View → Print layout, full screen reading, document view

 

2. Microsoft Office Excel

 

It is used in data analysis by using formula. A spread sheet is a large sheet of paper which contains rows and columns. The intersection of rows and columns is termed as ‘cell’. MS Excel 2007 version supports up to 1 million rows and 16 thousand columns per work sheet.

 

Start

 

You can start excel from various options.

 

·           Click Start → Program → Micro Soft Excel.

 

·           Double Click the MS Excel Icon from the Desk top.

 

Work Sheet

 

A worksheet is a table like document containing rows and columns with data and formula. There are four kinds of calculation operators. They are arithmetic, comparison, text concatenation (link together) and reference. MS Excel helps to do data analysis and data presentation in the form of graphs, diagrams, area chart, line chart etc.

 

3. Microsoft Power Point

 

It is a software used to perform computer based presentation.

 

Steps involved in making presentation:

 

i.               Click Start Menu

 

ii.               Click Program

 

iii.               Select Microsoft Power point – Click.

 

iv.               New Power Point file will open, and then type the title and subtitle if wanted.

 

v.               A new slide can be inserted by ‘click’ on icon ‘new slide’ or using short key ‘Ctrl + M’

 

vi.               We can type the content, insert the table, pictures, movies, sounds, etc., with the content.

 

vii.               Tab ‘Design’ helps to design the slides (can select common design for all slides or separate slide for each slide)

 

viii.               Click icon slide show, one can run slide show either starting from the first slide or starting from the current slide.

 

The power point presentation (PPT) facilitates the key points to be kept in memory and understand the particular topic. Recently, the smart class room teaching uses the PPT to deliver the information in an effective way to enhance the quality of teaching.

 

Think and Do 

Make a Document with MS word on “Incredible India”. 

Prepare an Excel Sheet for your daily pocket expenses for each category/item in last month 

Prepare and present a “Power Point” for “Day out with your parents”

 

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11th Economics : Chapter 12 : Mathematical Methods for Economics : Information and Communication Technology (ICT) | Mathematical Methods for Economics


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