Economical competencies for IT professionals

Abstract

A modern specialist in the field of IT technologies must inevitably be conversant with the economic environment in which he or she conducts their development work, as well as to be familiar with economic processes and financial data, which can be related to the work as a whole and to some of its aspects. Therefore, an IT specialist should be competent in economic theory, management and marketing, as well as risk management. The peculiarities of today’s fluctuation functioning of objects in the world economy bring some new requirements for the level of training in such disciplines, as Mathematical methods in Economics, Cyclical processes and Economic forecasting. This research paper presents an argument for a certain minimum knowledge, skills and competencies that are needed in order to increase the competitiveness of an IT specialist. And some basic knowledge in law science and English language must be added to this minimum. The paper summarizes the experience of teaching Economics and economic-mathematical and predictive models for future specialists, as well as the experience of young IT specialists.