ECTS - Economics of Innovation
Economics of Innovation (ECON442) Course Detail
| Course Name | Course Code | Season | Lecture Hours | Application Hours | Lab Hours | Credit | ECTS |
|---|---|---|---|---|---|---|---|
| Economics of Innovation | ECON442 | General Elective | 3 | 0 | 0 | 3 | 6 |
| Pre-requisite Course(s) |
|---|
| N/A |
| Course Language | English |
|---|---|
| Course Type | Elective Courses |
| Course Level | Bachelor’s Degree (First Cycle) |
| Mode of Delivery | Face To Face |
| Learning and Teaching Strategies | Lecture, Discussion, Question and Answer, Team/Group, Brain Storming, Role Play. |
| Course Lecturer(s) |
|
| Course Objectives | This course aims to scrutinize the role innovation in the economic development of developing countries. With a particular emphasis on technology, innovation and commercialization, this course aims to equip the students with a general background on how innovation can promote economic development. |
| Course Learning Outcomes |
The students who succeeded in this course;
|
| Course Content | The role of science, technology and innovation in economics at the macro and at the micro level; the diffusion and absorption of innovation; issues concerning the measurement of innovation; the national, regional systems of innovation and clusters; the relationship between R&D support mechanisms and economic performance in Turkey. |
Weekly Subjects and Releated Preparation Studies
| Week | Subjects | Preparation |
|---|---|---|
| 1 | Why should science, technology and innovation be studied? | Freeman, Chris and Luc Soete, 1997. The Economics of Industrial Innovation (Third Edition) MIT Press, Chapter 1 |
| 2 | What makes societies successful innovators? | Freeman, Chris and Luc Soete, 1997. The Economics of Industrial Innovation (Third Edition) MIT Press, Part 1 |
| 3 | The Macroeconomic Perspective. Science and Technology as factors of growth. | Freeman, Chris and Luc Soete, 1997. The Economics of Industrial Innovation (Third Edition) MIT Press, Part 3 |
| 4 | Macroeconomic Implications of the Diffusion of Innovations | Freeman, Chris and Luc Soete, 1997. The Economics of Industrial Innovation (Third Edition) MIT Press, Part 3 |
| 5 | The Microeconomic Perspective. Are Innovative firms any different? | William LAzonick, The Innovative firm, in Fagerberg, D.C. Mowery and R.R. Nelson (eds) 2005 The Oxford Handbook of Innovation, Oxford University Press, Chapter 2. |
| 6 | Innovation and diffusion | Bronwyn Hall, Innovation and diffusion, Fagerberg, D.C. Mowery and R.R. Nelson (eds) 2005 The Oxford Handbook of Innovation, Oxford University Press, Chapter 17. |
| 7 | Midterm | |
| 8 | Methodology of Measurement of Innovation | Hall, B., Mairesse, J. and Mohnen, P. (2010) Measuring the Returns to R&D. |
| 9 | Methodology of Measurement of Innovation | Smith, Keith (2005) Measuring Innovation in Fagerberg, D.C. Mowery and R.R. Nelson (eds) 2005 The Oxford Handbook of Innovation, Oxford University Press |
| 10 | Systemic Nature of Innovation | Charles Edquist, Systems of Innovation: Pespectives and Challenges in Fagerberg, D.C. Mowery and R.R. Nelson (eds) 2005 The Oxford Handbook of Innovation, Oxford University Press, Chapter 7 |
| 11 | Systemic Nature of Innovation | Bjorn Asheim and Meric Gertler: The Geography of Innovation in Fagerberg, D.C. Mowery and R.R. Nelson (eds) 2005 The Oxford Handbook of Innovation, Oxford University Press, Chapter 10 |
| 12 | Innovation and Economic Performance | Bart Verspagen, Innovation and Economic Growth in Fagerberg, D.C. Mowery and R.R. Nelson (eds) 2005 The Oxford Handbook of Innovation, Oxford University Press, Chapter 19 |
| 13 | Innovation and Economic Performance | Manuel M. Godhino and Jan Fagerberg: Innovation and Catching –up in Fagerberg, D.C. Mowery and R.R. Nelson (eds) 2005 the Oxford Handbook of Innovation, Oxford University Press,Chapter 20 |
| 14 | R&D Support and outcomes in Turkey | Özçelik, E. and Taymaz, E. (2008) R&D support programs in developing countries: The Turkish experience, Research Policy vol 37,pp 258–275. |
| 15 | General Review | |
| 16 | Final Exam |
Sources
| Course Book | 1. Freeman, Chris and Luc Soete, (1997). The Economics of Industrial Innovation (Third Edition) MIT Press |
|---|---|
| Other Sources | 2. Fagerberg, D.C. Mowery and R.R. Nelson (eds) (2005) The Oxford Handbook of Innovation, Oxford University Press |
Evaluation System
| Requirements | Number | Percentage of Grade |
|---|---|---|
| Attendance/Participation | 15 | 5 |
| Laboratory | - | - |
| Application | - | - |
| Field Work | - | - |
| Special Course Internship | - | - |
| Quizzes/Studio Critics | - | - |
| Homework Assignments | - | - |
| Presentation | 1 | 15 |
| Project | 1 | 25 |
| Report | - | - |
| Seminar | - | - |
| Midterms Exams/Midterms Jury | 1 | 15 |
| Final Exam/Final Jury | 1 | 40 |
| Toplam | 19 | 100 |
| Percentage of Semester Work | 60 |
|---|---|
| Percentage of Final Work | 40 |
| Total | 100 |
Course Category
| Core Courses | X |
|---|---|
| Major Area Courses | |
| Supportive Courses | |
| Media and Managment Skills Courses | |
| Transferable Skill Courses |
The Relation Between Course Learning Competencies and Program Qualifications
| # | Program Qualifications / Competencies | Level of Contribution | ||||
|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | ||
| 1 | Acquires sufficient knowledge in mathematics, natural sciences, and related engineering disciplines; gains the ability to use theoretical and applied knowledge in these fields in solving complex engineering problems. | |||||
| 2 | Gains the ability to identify, define, formulate, and solve complex engineering problems; acquires the skill to select and apply appropriate analysis and modeling methods for this purpose. | |||||
| 3 | Gains the ability to design a complex system, process, device, or product to meet specific requirements under realistic constraints and conditions, and applies modern design methods for this purpose. | |||||
| 4 | Develops the skills to develop, select, and use modern techniques and tools necessary for the analysis and solution of complex problems encountered in industrial engineering applications; gains the ability to effectively use information technologies. | |||||
| 5 | Gains the ability to design experiments, conduct experiments, collect data, analyze and interpret results for the investigation of complex engineering problems or discipline-specific research topics. | |||||
| 6 | Acquires the ability to work effectively in intra-disciplinary and multidisciplinary teams, as well as individual work skills. | |||||
| 7 | Acquires effective oral and written communication skills in Turkish; at least one foreign language proficiency; gains the ability to write effective reports, understand written reports, prepare design and production reports, make effective presentations, and give and receive clear instructions. | |||||
| 8 | Develops awareness of the necessity of lifelong learning; gains the ability to access information, follow developments in science and technology, and continuously renew oneself. | X | ||||
| 9 | Acquires the consciousness of adhering to ethical principles, and gains professional and ethical responsibility awareness. Gains knowledge about the standards used in industrial engineering applications. | |||||
| 10 | Gains knowledge about practices in the business life such as project management, risk management, and change management. Develops awareness about entrepreneurship and innovation. Gains knowledge about sustainable development. | |||||
| 11 | Gains knowledge about the universal and social dimensions of the impacts of industrial engineering applications on health, environment, and safety, as well as the problems reflected in the engineering field of the era. Gains awareness of the legal consequences of engineering solutions. | X | ||||
| 12 | Gains skills in the design, development, implementation, and improvement of integrated systems involving human, material, information, equipment, and energy. | |||||
| 13 | Gains knowledge about appropriate analytical and experimental methods, as well as computational methods, for ensuring system integration. | |||||
ECTS/Workload Table
| Activities | Number | Duration (Hours) | Total Workload |
|---|---|---|---|
| Course Hours (Including Exam Week: 16 x Total Hours) | 14 | 3 | 42 |
| Laboratory | |||
| Application | |||
| Special Course Internship | |||
| Field Work | |||
| Study Hours Out of Class | 14 | 2 | 28 |
| Presentation/Seminar Prepration | 1 | 5 | 5 |
| Project | 1 | 7 | 7 |
| Report | |||
| Homework Assignments | 1 | 57 | 57 |
| Quizzes/Studio Critics | |||
| Prepration of Midterm Exams/Midterm Jury | 1 | 2 | 2 |
| Prepration of Final Exams/Final Jury | 1 | 2 | 2 |
| Total Workload | 143 | ||