If I were not studying macroeconomics, my time and energy would be devoted to exploring the role of new technologies in business. Technology has changed the way business was traditionally conducted through processes that simplify operations of major economic institutions such as banks and the governments (Davenport 2013). For instance, through technology, there has emerged a new frontier in marketing involving the use of social media. The new practice allows for a free platform to showcase one’s products and even collect customer reviews via the same platform.
Broadly, I would endeavour to understand how institutions are using the new technological tools to simplify their delivery of services and leveraging them to increase their profits. More specifically, I would be interested in the deployment of technology to ease the conduction of international trade through using new communication tools to harmonize the business practices of our nations. Overall, I would learn to integrate technology into modern businesses practices such as E-commerce and social media marketing (Fang, et. al., 2014).
My current study of macroeconomics is not entirely a trade-off for a career in business information technology. Despite not being engaged in a career in the role of technology in business presently, I am learning important economic principles in my current course which would make my pursuit of a career in the role of technology in economics more meaningful in the sense that I will be able to apply the technology in simplification of the principles learnt. Had I began with business information technology, I would either have to go back and study the economics I am studying today so as to know how to deploy my knowledge of technology in the area or be unable to make meaningful contribution in absence of advice on what economics entails.
References
Davenport, T. H. (2013). Process innovation: reengineering work through information technology. Harvard Business Press.
Fang, Y., Qureshi, I., Sun, H., McCole, P., Ramsey, E., & Lim, K. H. (2014). Trust, Satisfaction, and Online Repurchase Intention: The Moderating Role of Perceived Effectiveness of E-Commerce Institutional Mechanisms. Mis Quarterly, 38(2), 407-427.
