Economics of Innovation (ECON442) Course Detail

Course Name Course Code Season Lecture Hours Application Hours Lab Hours Credit ECTS
Economics of Innovation ECON442 3 0 0 3 6
Pre-requisite Course(s)
N/A
Course Language English
Course Type N/A
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 Coordinator
Course Lecturer(s)
  • Asst. Prof. Dr. Elif Kalaycı
Course Assistants
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;
  • the student can describe the contribution of, technology and innovation and commercialization in economic development
  • the student can describe different approaches to adoption of technology and diffusion of innovation in different economic systems
  • the student can analyze the technological opportunities and challenges open to developing countries
  • the student can describe the policy and institutional options that developing countries can pursue
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 An ability to apply knowledge of mathematics, science, and engineering to solve chemical engineering and applied chemistry problems.
2 An ability to analyze and model a domain specific problem, identify and define the appropriate requirements for its solution.
3 An ability to design, implement and evaluate a chemical engineering system or a system component to meet specified requirements.
4 An ability to use the modern techniques and engineering tools necessary for chemical engineering practices.
5 An ability to acquire, analyze and interpret data to understand chemical engineering and applied chemistry requirements.
6 The ability to demonstrate the necessary organizational and business skills to work effectively in inter/inner disciplinary teams or individually.
7 An ability to communicate effectively in Turkish and English.
8 Recognition of the need for, and the ability to access information, to follow recent developments in science and technology and to engage in life-long learning.
9 An understanding of professional, legal, ethical and social issues and responsibilities in chemical engineering and applied chemistry.
10 Skills in project and risk management, awareness about importance of entrepreneurship, innovation and long-term development, and recognition of international standards and methodologies.

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