Use of computer in economics

Starting with the great
name of Allah, who is
most merciful and
beneficent…..

USE OF C0MPUTER IN
ECONOMICS
PRESENTATION TOPIC:

Computer Stands for:
C:COMMON
O:OPERATING
M:MACHINE
P:PURPOSELY
U:USED
for
T:TECHNOLOGICAL
and
E:ECONOMICAL/EDUCATIONAL
R:RESEARCH

COMPUTER:
 MACHINE OR DEVICE
 PERFORM OPERATIONS
 CALCULATIONS
 ELECTRONIC COMMUNICATION
• UNDER THE CONTROL OF A SET OF
INSTRUCTIONS

Device is used
to
make machine
operations
smooth.
Every device
is not
a machine.
MACHINE DEVIC
E
COMPUTER
Machine
is anything
which
reduces
human
effort.
Every machin
e is a device

ECON0MICS:
• ECONOMICS IS A SOCIAL SCIENCE
THAT DEALS WITH THE
PRODUCTION, DISTRIBUTION, AND
CONSUMPTION OF GOODS AND
SERVICES.

USES OF COMPUTER IN
ECONOMICS
USE OF COMPUTER IN BUSINESS
RISE OF DOT/.COM COMPANIES
ELECTRONIC TRADING
USE OF COMPUTER IN FINANCE
USE OF COMPUTER IN BANKS

Use of Computer in Small
businesses:
 One or two person can
easily manage.
 Top Twenty small
business…
 Website Design. ...
 Online Tutoring…
 “YouTube" to earn.

Use of computer in scalable businesses:
 Can be expand.
 “I.T” DEPARMENT
new research and information

Use of computer in
large companies:
 To manage large
date.
 To communicate.
 To make document.
 To save employer
information.

1.To manage large date.
 Calculation
 Dealing with large data
“OFFICE MANAGEMENT PROGRAM”
“MS. Excel”
“MS. Access”
“MS. Word”
“MS. Access” : is use to store office
information)
“MS. Excel” : is use spreadsheets to calculate
large data)

2. To communicate or to
deliver their ideas:
 In large companies
 share their ideas and visions
 To get full attention
 imaginations
 good entrepreneurs
To deliver their ideas and
visions properly.
A large number of entrepreneur work
with different business software's.

When we talk about machine use to produce
output.
As in definition we say that computer is a device
and
Device is used to make machine operations
smooth.
Computer is normally use to operate machine in
industries by aromatic function
Example: printing machine, packing machine ,
Filtering

ADVERTISEMENT
INVENTORY MANAGEMENT
CUSTOMER RELATIONSHIP
MANAGEMENT
HUMAN RESOURCES
MANAGEMENT
PAYROLL SYSTEM

Dot/.com Companies:
 The increased use of the internet in the
1990s
 Dot com types
“lastminute.com” & “boo.com” arise

ELECTRONIC TRADING:
in 1986 The London
Stock Exchange
The introduction of
Algorithms
Buy and sell
Algorithm Trading
follow certain
instructions

USE OF COMPUTER IN
FINANCE:
EASE OF COMMUNICATION
SPREADSHEET SOFTWARE
DATA STORAGE
PROGRAMMED TRANSACTIONS

Ease of Communication
Financial decision makers are able to send
financial reports and strategies instead of
holding meet.
The use of email also enables financial
professionals to inform other departments
and consumers of key policy changes, such
as price modifications on products and
goods.

SPREADSHEET
SOFTWARE• SPREADSHEET APPLICATIONS ARE USED TO RUN DAY-TO-
DAY FINANCIAL TASKS, SUCH AS COMPILING FINANCIAL
DATA, PRESENTING THE DATA IN AN ORGANIZED MANNER
THROUGH THE USE OF CHARTS AND GRAPHS, DRAWING
BUDGETS AND CALCULATIONS OF COMPLEX TRANSACTIONS.
THIS APPLICATION COMES WITH COMPUTER PROGRAMS,
SUCH AS MICROSOFT EXCEL.

Data Storage
Computers enable organizations to store large
amounts of files in a small space, allowing us to
have a large track of historical transactions.
Keeping financial records is critical for
organizations, as well as individuals, as it allows
tracking of payment records, debts owed,
purchases done.

Programmed Transactions:
Most finance departments utilize accounting applications,
such as QuickBooks, to perform financial transactions.
These programmed applications enable an organization keep
track of financial operations and also conduct complex
transactions effortlessly without consuming a lot of time.
Organizations can purchase software depending on nature of
work; other applications include Grant Management
application and payroll software.

Uses Of Computer In Banking:
Banks Uses a wide range of Computer To Carry Out
day to day operations.
Computers allow banking person to efficiently
• Carry out transactions
• Process customer need
• Forecast future trends
• Prepare internal and external reports
• Communicate with key participants
• To generate profit.

Use of computer in economics

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