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
UEC 4213 ECONOMICS OF INNOVATION AND TECHNOLOGY ELECTIVE 3 0 0 6

Offered By

ECONOMICS (UOLP-SUNY ALBANY)

Level of Course Unit

First Cycle Programmes (Bachelor's Degree)

Course Coordinator

PROFESSOR DOCTOR YEŞIM ÜÇDOĞRUK GÜREL

Offered to

ECONOMICS (UOLP-SUNY ALBANY)

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

UEC 2002 - 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. Research paper

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.

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)

To be announced.

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