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COURSE UNIT TITLECOURSE UNIT CODESEMESTERTHEORY + PRACTICE (Hour)ECTS
ECONOMICS OF INNOVATION ECON523 - 3 + 0 10

TYPE OF COURSE UNITElective Course
LEVEL OF COURSE UNITMaster's Degree With Thesis
YEAR OF STUDY-
SEMESTER-
NUMBER OF ECTS CREDITS ALLOCATED10
NAME OF LECTURER(S). Servıs Servıs
LEARNING OUTCOMES OF THE COURSE UNIT At the end of this course, the students;
1) are provided with a comprehensive and advanced understanding of the origins, dynamics, and consequences of innovation from an economic perspective.
2) can understand the design of incentive mechanisms such as prizes and intellectual property, patent values and the return on R&D investment, intellectual property issues arising from direct and indirect network externalities.
MODE OF DELIVERYFace to face
PRE-REQUISITES OF THE COURSENo
RECOMMENDED OPTIONAL PROGRAMME COMPONENTNone
COURSE DEFINITIONThe main purpose of the course is; to learn innovation strategies and analyze the connection of innovation to economic variables such as growth and employment.
COURSE CONTENTS
WEEKTOPICS
1st Week What is innovation?
2nd Week Innovation and economic growth
3rd Week Incentives to innovate and market failure
4th Week Incentives to innovate and market failure
5th Week Market structure and innovation
6th Week Market structure and innovation
7th Week Diffusion of innovation
8th Week Midterm
9th Week Strategic management of innovations in network markets
10th Week Strategic management of innovations in network markets
11th Week Labor market effects of innovation
12th Week Labor market effects of innovation
13th Week Intellectual Property Law basics
14th Week Intellectual Property Law basics
RECOMENDED OR REQUIRED READINGS. Scotchmer, Innovation and Incentives, MIT Press, 2004.
Adam B. Jaffe and Josh Lerner, Innovation and Its Discontents: How Our Broken Patent System is Endangering Innovation and Progress, and What to Do About It, Princeton University Press, 2006.
Patent Reform Act 2011
PLANNED LEARNING ACTIVITIES AND TEACHING METHODSLecture,Discussion,Problem Solving
ASSESSMENT METHODS AND CRITERIA
 QuantityPercentage(%)
Mid-term140
Quiz110
Total(%)50
Contribution of In-term Studies to Overall Grade(%)50
Contribution of Final Examination to Overall Grade(%)50
Total(%)100
ECTS WORKLOAD
Activities Number Hours Workload
Midterm exam122
Preparation for Quiz15555
Individual or group work14570
Preparation for Final exam17070
Course hours14342
Preparation for Midterm exam16060
Laboratory (including preparation)
Final exam122
Homework
Total Workload301
Total Workload / 3010,03
ECTS Credits of the Course10
LANGUAGE OF INSTRUCTIONTurkish
WORK PLACEMENT(S)No
  

KEY LEARNING OUTCOMES (KLO) / MATRIX OF LEARNING OUTCOMES (LO)
LO1LO2
K1    X
K2  X  
K3  X  
K4  X  
K5    X
K6    X
K7    X
K8  X  
K9    X
K10  X