COURSE UNIT TITLE

: ECONOMICS OF INNOVATION AND TECHNOLOGY

Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS
ECO 4213 ECONOMICS OF INNOVATION AND TECHNOLOGY ELECTIVE 3 0 0 6

Offered By

Economics

Level of Course Unit

First Cycle Programmes (Bachelor's Degree)

Course Coordinator

PROFESSOR DOCTOR YEŞIM ÜÇDOĞRUK GÜREL

Offered to

Economics

Course Objective

This course aims to provide students the basic topics of economics of technological change, with a special emphasis on issues related to economic change and innovation dynamics in the world economy. The topics introduced are the ways economists measure technological change; the microeconomic foundations of technological change and innovation; the implications of technological progress and innovation for the firm decision making; the impact of technology on growth and economic performance; and technology policymaking in governments and international organizations.

Learning Outcomes of the Course Unit

1   demonstrate understanding of basic concepts of technological change and innovation so that s/he can recognize factors affecting decision making process of consumers and firms.
2   be able to distinguish between micro and macroeconomic impacts of technological change so that s/he can analyze different economic performance of countries.
3   identify different types of innovation in order to analyze their impacts under different market structures.
4   interpret the impact of technological change and innovation on economies in order to evaluate different policy regulations.
5   make presentations on a given subject with the purpose of doing descriptive analysis of different industrial sector and country experiences.

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

ECO 2012 - MICROECONOMICS II

Recomended Optional Programme Components

None

Course Contents

Week Subject Description
1 Innovation, systems and evolution: introduction and basic concepts Hall (Chp 1)
2 The Theories of Technological Change Freeman and Soete (Chps 2-3-4)
3 The Economic Impact of Technological Change and Innovation: An historical overview Freeman and Soete (Chps 5-6-7)
4 National and Historical Determinants of Technological Change Verspagen
5 Macroeconomic Analysis of Technological Change Verspagen
6 The Microeconomic Foundations of the Economic Theory of Innovation Hall (Chp 2)
7 Perspectives on innovation: product and process innovations Hall (Chp 2)
8 Innovation and the economics of demand Hall (Chp 3)
9 Innovation and the firm Hall (Chp 4)
10 Innovation and the firm Hall (Chp 4)
11 Innovation and the market structure Hall (Chp 5)
12 Innovation policy
13 Innovation and economic growth
14 Class discussion

Recomended or Required Reading

1. Hall, P. (1994), Innovation, Economics & Evolution, Harvester Wheatsheaf, UK, First Edition.
2. Freeman, C. and L. Soete (1997), The Economics of Industrial Innovation, Routledge Taylor & Francis Group, UK, Third Edition.
3. Verspagen, B., 2005, The Economics of technological change, manuscript.

Planned Learning Activities and Teaching Methods

1. Lecture
2. Problem solving
3. Reading
4. Term project


Assessment Methods

SORTING NUMBER SHORT CODE LONG CODE FORMULA
1 MT Midterm
2 TP TermProject
3 FN Final
4 FCG FINAL COURSE GRADE MT * 0.30 +TP * 0.30 + FN * 0.40
5 RST RESIT
6 FCGR FINAL COURSE GRADE (RESIT) MT * 0.30 +TP * 0.30 + RST * 0.40


Further Notes About Assessment Methods

None

Assessment Criteria

1. The learner will clearly define basic concepts used in economics of innovation.
2. The learner will use necessary microeconomic theory concepts to evaluate different implications of innovation process on consumer and firm decisions.
3. The learner will evaluate different innovation and technology policy implications.
4. The learner will use necessary numerical and mathematical methods to find the optimization decision of innovation introducing firms.
5. The learner will use necessary numerical and mathematical methods to analyze descriptive statistics of different industrial sector and country profiles.
6. The learner will make research about a specific topic and present it in line with economics of innovation and technology terminology.

Term projects will be related to the historical/ current economic events.
a) The student will choose a topic or the instructor will assign the term project topic to the student.
b) Term projects will be assessed on 1) organization, 2) content, 3) clarity. Criteria 1 and 2 are 80 per cent of the total term project grade and criteria 3 is 20 per cent of the total term project grade.
(1) The students who evaluate the topic in a logical sequence with all the required information and cite the references will get 100% (Excellent). The students who evaluate the topic in a logical sequence with all the required information but do not cite the references will get 80% (Very good). The students who evaluate the topic in a logical sequence with missing required information and do not cite the references will get 60% (Good). The students who evaluate the topic but do not have a logical sequence and do not cite the references will get 40% (Fair). The students who evaluate an irrelevant topic with no references will get 0% (Poor).
(2) The students who lay out the topic well, and establish a framework for the rest of the term project, include accurate information with a conclusion summarizing the term project will get 100% (Excellent). The students who lay out the topic well, and establish a framework for the rest of the term project, include accurate information but do not summarize the assignment with a conclusion will get 80% (Very good). The students who lay out the topic well, include accurate information but do not summarize the term project with a conclusion will get 60% (Good). The students who lay out the topic well but fail to provide accurate information and do not summarize the term project with a conclusion will get 40% (Fair). The students who fail to lay out the topic well, lack accurate information and do not summarize the term project with a conclusion will get 0% (Poor).
(3) The students who clarify their research question well, have good language skills and can explain the subject clearly will get 100% (Excellent). The students who clarify their research question well, have enough language skills and can explain the subject quite clearly will get 80% (Very good). The students who clarify their research question well, have enough language skills, but cannot explain the subject clearly will get 60% (Good). The students who cannot clarify their research question well, have poor language skills and can partially explain the subject will get 40% (Fair). The students who cannot clarify their research question well, have poor language skills and can poorly explain the subject will get 0% (Poor).

Language of Instruction

English

Course Policies and Rules

1. Attending at least 70 percent of lectures is mandatory.
2. Plagiarism of any type will result in disciplinary action.

Contact Details for the Lecturer(s)

yesim.ucdogruk@deu.edu.tr

Office Hours

To be announced

Work Placement(s)

None

Workload Calculation

Activities Number Time (hours) Total Work Load (hours)
Lectures 14 3 42
Preparations before/after weekly lectures 14 2 28
Preparation for midterm exam 1 15 15
Preparation for final exam 1 30 30
Preparing assignments 1 30 30
Final 1 2 2
Midterm 1 2 2
TOTAL WORKLOAD (hours) 149

Contribution of Learning Outcomes to Programme Outcomes

PO/LOPO.1PO.2PO.3PO.4PO.5PO.6PO.7PO.8PO.9PO.10PO.11PO.12PO.13PO.14
LO.155
LO.255
LO.355
LO.43555
LO.535455555