Warsaw, Poland

Quantitative Methods in Economics and Information Systems

Bachelor's
Table of contents
studenci-projektuja-system-informatyczny-i-analizuja-dane

⇑Quantitative Methods in Economics and Information Systems at SGH

Language: EnglishStudies in English
Subject area: economy and administration
Kind of studies: full-time studies, part-time studies
University website: ssl-www.sgh.waw.pl/en

⇑Test: Is Quantitative Methods in Economics and Information Systems the right fit for you?

students-mapping-a-data-flowchart-next-to-a-laptop

10 questions · two minutes

1. In a maths lesson you get a probability problem based on real life, like how many people will turn up to a school concert. How do you react?

2. The student council has collected a survey from pupils and has no idea what to do with it. What do you suggest?

3. Have you ever tried programming?

4. Prices at your favourite café have gone up for the second time in a short while. What goes through your mind?

5. Lectures, seminars and group projects will all be in English, in an international environment with students from many countries. How does that sound?

6. Your school introduces a new sign-up system for extracurricular activities, and it’s really awkward to use. What do you think?

7. You’re organising a class trip on a tight budget. How do you approach it?

8. You see the headline ‘One in two teenagers spends more than five hours a day on their phone’. How do you react?

9. What kind of work can you see yourself doing in future?

10. What motivates you most to study Quantitative Methods in Economics and Information Systems?

⇑Definitions and quotes

Economics
Economics () is the social science that studies the production, distribution, and consumption of goods and services.
Information
Information is any entity or form that provides the answer to a question of some kind or resolves uncertainty. It is thus related to data and knowledge, as data represents values attributed to parameters, and knowledge signifies understanding of real things or abstract concepts. As it regards data, the information's existence is not necessarily coupled to an observer (it exists beyond an event horizon, for example), while in the case of knowledge, the information requires a cognitive observer.
Quantitative
Quantitative information or data is based on quantities obtained using a quantifiable measurement process. In contrast, qualitative information records qualities that are descriptive, subjective or difficult to measure.
Information
In 2007, for the first time ever, more information was generated in one year than had been produced in the entire previous five thousand years - the period since the invention of writing.
Jaap Bloem, Menno van Doorn, Sander Duivestein, Me the media: rise of the conversation society, VINT editions (research institute of Sogeti), 2009, p. 270.
Information
Knowledge is of two kinds. We know a subject ourselves, or we know where we can find information upon it.
Samuel Johnson, Boswell's Life of Johnson, 18th April 1775.
Economics
In my youth it was said that what was too silly to be said may be sung. In modern economics it may be put into mathematics.
Ronald Coase, The firm, the market and the law (1988) Chapter 6. A remark on "The problem of social cost" (last sentence).
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