Identify the major aspects of the economics of information technology. Explain and evaluate the productivity paradox. Describe approaches for evaluating IT investment and explain why is it difficult to do it. Explain the nature of intangible benefits and the approaches to deal with it. List and briefly describe the traditional and modern methods of justifying IT investment. Identify the advantages and disadvantages of approaches to charging end users for IT services (chargeback). Identify the advantages and disadvantages of outsourcing. Describe the economic impact of EC. Describe economic issues related to Web-based technologies including e-commerce. Describe causes of systems development failures, the theory of increasing returns, and market transformation through new technologies.