Economics (English)
Bachelor TR-NQF-HE: Level 6 QF-EHEA: First Cycle EQF-LLL: Level 6

Course Introduction and Application Information

Course Code: UNI245
Course Name: Economics of Technology & Innovation
Semester: Spring
Course Credits:
ECTS
5
Language of instruction: English
Course Condition:
Does the Course Require Work Experience?: No
Type of course: University Elective
Course Level:
Bachelor TR-NQF-HE:6. Master`s Degree QF-EHEA:First Cycle EQF-LLL:6. Master`s Degree
Mode of Delivery: Face to face
Course Coordinator: Doç. Dr. AYFER USTABAŞ
Course Lecturer(s): Doç. Dr. AYFER USTABAŞ
Course Assistants:

Course Objective and Content

Course Objectives: The aim of the course is to provide students with a general comprehension about the crucial impacts of technical and technological progresses on economic development.
Course Content: Innovations and inventions in the waves of technical change, Schumpeter’s theories on technical and technological changes, contemporary theories of innovation in relation to firm behaviour.

Learning Outcomes

The students who have succeeded in this course;
1) Comprehend the crucial impacts of technical and technological progresses on economic development.
2) Have a comprehensive knowledge of Schumpeter's theories.
3) Learn the difference between inveentions and inovations.
4) Learn the modern theories on the economics of technology.

Course Flow Plan

Week Subject Related Preparation
1) Schumpeter’s Theories
2) Schumpeter’s Theories
3) Theories of Entrepreneurship
4) Theories of Entrepreneurship
5) The Rise of Technology, Industrial Revolution
6) The Age of Electricity, Innovations in Oil and Chemicals-Synthetic Materials
7) Mass Production and Automobile
8) MIDTERM
9) Electronics and Computers
10) Success and Failure in Industrial Innovation
11) Innovation and Firm Strategies
12) National Systems of Innovation
13) Technology and Economic Growth
14) International Trade Performance, Diffusion of Technology

Sources

Course Notes / Textbooks: The Economics of Industrial Revolution, Chris Freeman and Luc Soete 3rd Ed. Cassel, London, 1997
References: Yenilik İktisadı, Chris Freeman and Luc Soete, Trans. Ergün Türkcan, Tübitak, Ankara, 2003

Course - Program Learning Outcome Relationship

Course Learning Outcomes

1

2

3

4

Program Outcomes
1) They have a broad and interdisciplinary perspective on economics using other social sciences and mathematics.
2) They have knowledge and skill about different functions and interactions of economy.
3) They use different theoretical approaches to comprehend and solve various economic problems.
4) They are aware of the needs of society and use their knowledge of economics to meet these needs.
5) They have in-depth knowledge on the current issues of the Turkish economy and the global economy.
6) They have in-depth knowledge on the history of the Turkish economy and basic level knowledge on the history of the global economy.
7) Using various statistical techniques and numerical methods, they establish correct economic models and make analyzes by using statistical programs effectively.
8) They use a foreign language at least at the B1 General Level in terms of European Language Portfolio criteria according to the level of education.
9) They improve their skills of teamwork, negotiation, leadership and entrepreneurship.
10) They have universal ethical values, social responsibility awareness and adequate knowledge of business law.
11) Being able to develop positive attitudes with regards to lifelong learning, they identify their individual learning needs and carry out studies to fulfil them.
12) They express their ideas and solution proposals concerning their field both written and orally, and present and publish them on both national and international platforms.
13) They use information and communication technologies together with a computer software required by the field at least at advanced level of European Computer Driving License .

Course - Learning Outcome Relationship

No Effect 1 Lowest 2 Average 3 Highest
       
Program Outcomes Level of Contribution
1) They have a broad and interdisciplinary perspective on economics using other social sciences and mathematics.
2) They have knowledge and skill about different functions and interactions of economy.
3) They use different theoretical approaches to comprehend and solve various economic problems.
4) They are aware of the needs of society and use their knowledge of economics to meet these needs.
5) They have in-depth knowledge on the current issues of the Turkish economy and the global economy.
6) They have in-depth knowledge on the history of the Turkish economy and basic level knowledge on the history of the global economy.
7) Using various statistical techniques and numerical methods, they establish correct economic models and make analyzes by using statistical programs effectively.
8) They use a foreign language at least at the B1 General Level in terms of European Language Portfolio criteria according to the level of education.
9) They improve their skills of teamwork, negotiation, leadership and entrepreneurship.
10) They have universal ethical values, social responsibility awareness and adequate knowledge of business law.
11) Being able to develop positive attitudes with regards to lifelong learning, they identify their individual learning needs and carry out studies to fulfil them.
12) They express their ideas and solution proposals concerning their field both written and orally, and present and publish them on both national and international platforms.
13) They use information and communication technologies together with a computer software required by the field at least at advanced level of European Computer Driving License .

Assessment & Grading

Semester Requirements Number of Activities Level of Contribution
Midterms 1 % 40
Final 1 % 60
total % 100
PERCENTAGE OF SEMESTER WORK % 40
PERCENTAGE OF FINAL WORK % 60
total % 100

Workload and ECTS Credit Calculation

Activities Number of Activities Preparation for the Activity Spent for the Activity Itself Completing the Activity Requirements Workload
Course Hours 14 1 3 56
Study Hours Out of Class 14 0 2 28
Midterms 1 15 1 16
Final 1 25 1 26
Total Workload 126