Question
What care should one take care while using computer technology in economics?

Answer

  • One should never forget that although computer helps in studying, it is not a study material by itself. Computer helps to make the process of studying easier and faster but it does not replace the process of studying.
  • One should be able to make wise use of them during their study. One should have good knowledge of computers as well as the statistical tools that we make use in them.
  • Computers do not have brain of their own. We may select any data and on one click we may get the diagram and graph we aim for but, it is our duty to see that we select the correct data, give suitable commands and obtain the desired analysis and pictorial representation.
  • We may also end up getting incorrect graphs and data processing if we do not know the correct formulae and commands.
  • If we do not use the right commands in a computer, we may even end up losing our material.

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