Utilization of Cloud Computing in Economics Education and Health Economics: A Valuable Resource

Sylvester N Ogbueghu,Anuli Regina Ogbuagu,Benedict Ejiofor Ugwuanyi,Amos Nnaemeka Amedu,Chukwuma Ogbonnaya Chukwu,Daniel Munachiso Eze,Ifeoma Euphemia Opara,Augustine Igwe Robert,Lazarus Bassey Abonor

doi:10.5539/gjhs.v12n5p117

Abstract

This paper examines the use of cloud computing as a tool in economics education and analysis of performance in health economics. The paper methodology was documentary analysis. Three independent experts assisted in the extraction of information used in this research paper. Results indicate a growing need to advance the economic utility of cloud computing as a technological tool in economics education and analysis of economic performance in health economics. Empirical studies are required to corroborate the extent to which cloud computing is being utilized as a technological tool in several institutions and organizations for analysis of economic performance and educational purposes.

Highlights

Cloud computing can be defined as a subscription-based technology where network storage can be obtained as well as the resources of the computing system
Results indicate a growing need to advance the economic utility of cloud computing as a technological tool in economics education and analysis of economic performance in health economics
Empirical studies are required to corroborate the extent to which cloud computing is being utilized as a technological tool in several institutions and organizations for analysis of economic performance and educational purposes

Summary

Introduction

Cloud computing can be defined as a subscription-based technology where network storage can be obtained as well as the resources of the computing system. Cloud computing is not a new technology but a new way of delivering computing resources. It is a style of computing over the internet (Chawla & Diwaker, 2012). Understanding the economic impact of cloud computing could enable firms to rent computing power and storage from service providers and to pay on demand, with a significant impact on the cost structure of industries, turning some of the fixed costs into marginal costs of production (Etro, 2014). The diffusion of cloud computing on market structures and competition could exert a significant influence on incentives to build new business, investments and macroeconomic growth, job creation in all industries, job reallocation in the information and communications technology sector, and public finance accounts (Etro, 2014). Economics education is an academic discipline that reflects on two major themes: the existing state of economics instruction, textbooks and pedagogical methods used to teach economics at all educational levels and attempts to enhance it; and study into the usefulness of alternate teaching strategies in economics, the degree of academic gjhs.ccsenet.org

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