UNI245 Economics of Technology & InnovationIstinye UniversityDegree Programs Mechanical Engineering (English)General Information For StudentsDiploma SupplementErasmus Policy StatementNational Qualifications
Mechanical Engineering (English)

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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: Fall
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

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Program Outcomes
1) Has the sufficient knowledge to meet the needs of global, cultural, social, environmental and economic factors as well as community health, security and welfare and has the ability to define, formulate and solve complex engineering problems by applying the principles of engineering, science and mathematics.
2) Able to work individually and within a team.
3) Has the ability to communicate effectively in oral and written form.
4) Gives importance to professional and ethical responsibility.
5) Able to use English as a foreign language at B1 General Level of European Language Portfolio.
6) Has the competence to use information and communication technologies with computer software at advanced level of The European Computer Driving License.
7) Has the ability to design and conduct experimental studies, to analyze and interpret the results and to conduct engineering reasoning.
8) Has a basic chemical and physical knowledge about material science.
9) Has the fundamentals of manufacturing methods, used equipments and field of application.
10) Able to make calculations of stress and strain for basic stress concepts and principles.
11) Has the ability to determine the degree of freedom of mechanisms and to perform kinematic analysis.
12) Has the ability to solve problems with computational fluid dynamics, thermal system design and analysis,
13) Able to design of machine parts and make analysis of the structure through mathematical models.
14) Has the ability to work in fields such as hydraulic and pneumatic systems, turbo machines, internal combustion and electric motor technology, vehicle technology and autonomous vehicles, and renewable and alternative energy systems.
15) Has the fundamentals of biomechanics and knowledge of solid and soft tissues of biomechanic features.

Course - Learning Outcome Relationship

No Effect 1 Lowest 2 Average 3 Highest
       
Program Outcomes Level of Contribution
1) Has the sufficient knowledge to meet the needs of global, cultural, social, environmental and economic factors as well as community health, security and welfare and has the ability to define, formulate and solve complex engineering problems by applying the principles of engineering, science and mathematics.
2) Able to work individually and within a team.
3) Has the ability to communicate effectively in oral and written form.
4) Gives importance to professional and ethical responsibility.
5) Able to use English as a foreign language at B1 General Level of European Language Portfolio.
6) Has the competence to use information and communication technologies with computer software at advanced level of The European Computer Driving License.
7) Has the ability to design and conduct experimental studies, to analyze and interpret the results and to conduct engineering reasoning.
8) Has a basic chemical and physical knowledge about material science.
9) Has the fundamentals of manufacturing methods, used equipments and field of application.
10) Able to make calculations of stress and strain for basic stress concepts and principles.
11) Has the ability to determine the degree of freedom of mechanisms and to perform kinematic analysis.
12) Has the ability to solve problems with computational fluid dynamics, thermal system design and analysis,
13) Able to design of machine parts and make analysis of the structure through mathematical models.
14) Has the ability to work in fields such as hydraulic and pneumatic systems, turbo machines, internal combustion and electric motor technology, vehicle technology and autonomous vehicles, and renewable and alternative energy systems.
15) Has the fundamentals of biomechanics and knowledge of solid and soft tissues of biomechanic features.

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