At the end of this course, the students; 1) Should have developed an insight into the Economics of Science, Technology and Innovation.
MODE OF DELIVERY
Face to face
PRE-REQUISITES OF THE COURSE
No
RECOMMENDED OPTIONAL PROGRAMME COMPONENT
None
COURSE DEFINITION
COURSE CONTENTS
WEEK
TOPICS
1st Week
Introduction. Why should economists and managers study science, technology and innovation?
2nd Week
The historical perspective. What makes societies successful innovators?
3rd Week
Innovation and economic growth
4th Week
The macroeconomic perspective. Science and Technology as factors of growth. Macroeconomic implications of the Diffusion of Innovations.
5th Week
The microeconomic perspective. Are innovative goods any different?
6th Week
The 21st Century perspective. Is `The New Economy, New?
7th Week
Market structure and innovation, Diffusion of innovations
8th Week
Midterm
9th Week
Strategic management of innovations
10th Week
Labor market effects of innovations
11th Week
The market and regional perspectives.
12th Week
The firms' experience and perspective. Which R&D and Innovation strategies should firms follow?
13th Week
The political economy and public policy perspective
14th Week
Alternative Innovation strategies. Conclusions
RECOMENDED OR REQUIRED READING
Acemoglu, D. "Technical Change, Inequality, and the Labor Market." Journal of Economic Literature, 2002, 40(1), pp. 7-72.
Acemoglu, D. "Why Do New Technologies Complement Skills? Directed Technical Change and Wage Inequality." Quarterly Journal of Economics, 1998, 113(4), pp. 1055-89.
Acs, Z. J. and Audretsch, D. B. "Innovation in Large and Small Firms - an EmpiricalAnalysis." American Economic Review, 1988, 78(4), pp. 678-90.
Aghion, P. and Howitt, P. "A Model of Growth through Creative Destruction." Econometrica, 1992, 60(2), pp. 323-51.
Aghion, P. and Tirole, J. "The Management of Innovation." Quarterly Journal of Economics, 1994, 109(4), pp. 1185-209.
Aghion, P.; Bloom, N.; Blundell, R.; Griffith, R. and Howitt, P. "Competition and Innovation: An Inverted U-relationship." Quarterly Journal of Economics, 2005, 120(2), pp. 701-728.
Alexopoulos, M. "Read All about It!!! What Happens Following a Technology Shock?" American Economic Review, 2011, 101(June), pp. 1144-1179.
An introductory book that collects many case studies is Burgelman, Robert A. and Modesto A. Maidique. 1996. Strategic Management of Technology and Innovation, 2nd ed.
Arrow, K. "Economic welfare and the allocation of resources for invention." In R. Nelson (Ed): The Rate and Direction of Inventive Activity, 1962, Princeton University Press, Princeton.
Arrow, Kenneth J. 1962. "Economic Welfare and the Allocation of Resources for Invention," in R.R. Nelson ed. The Rate and Direction of Inventive Activity: Economic and Social Factors. Princeton, NJ: Princeton University Press
Arthur, B. "Competing Technologies, Increasing Returns, and Lock-In by Historical Events." Economic Journal, 1989, 99(394), pp. 116-131.
Ashraf, Q. and Galor, O. "Dynamics and Stagnation in the Malthusian Epoch." American Economic Review, 2011, 101(August), pp. 2003-2041
Audretsch, D. B. and Feldman, M. P. "R&D Spillovers and the Geography of Innovation and Production." American Economic Review, 1996, 86(3), pp. 630-40.
Autor, D. H.; Katz, L. F. and Krueger, A. B. "Computing Inequality: Have Computers Changed the Labor Market?" Quarterly Journal of Economics, 1998, 113(4), pp. 1169-213.
Baumol, W. The Free Market Innovation Machine - Analyzing the Growth Miracle of Capitalism, 2002, Princeton University Press, ch. 1.
Berman, E.; Bound, J. and Machin, S. "Implications of Skill-Biased Technological Change: International Evidence." Quarterly Journal of Economics, 1998, 113(4), pp. 1245-79.
Besen, S. M. and Farrell, J. "Choosing How to Compete - Strategies and Tactics in Standardization." Journal of Economic Perspectives, 1994, 8(2), pp. 117-31.
Black, S. and Spitz-Oener, A. "Explaining Women's Success: Technological Change and the Skill Content of Women's Work." Review of Economics and Statistics, 2010, 92(1), pp. 187-194.
Bound, J. and Johnson, G. "Changes in the Structure of Wages in the 1980s - an Evaluation of Alternative Explanations." American Economic Review, 1992, 82(3), pp. 371-92.
PLANNED LEARNING ACTIVITIES AND TEACHING METHODS
Lecture,Discussion
ASSESSMENT METHODS AND CRITERIA
Quantity
Percentage(%)
Mid-term
1
40
Quiz
1
20
Total(%)
60
Contribution of In-term Studies to Overall Grade(%)
60
Contribution of Final Examination to Overall Grade(%)
40
Total(%)
100
ECTS WORKLOAD
Activities
Number
Hours
Workload
Midterm exam
Preparation for Quiz
Individual or group work
Preparation for Final exam
Course hours
Preparation for Midterm exam
Laboratory (including preparation)
Final exam
Homework
Total Workload
Total Workload / 30
ECTS Credits of the Course
5
LANGUAGE OF INSTRUCTION
Turkish
WORK PLACEMENT(S)
No
KEY LEARNING OUTCOMES (KLO) / MATRIX OF LEARNING OUTCOMES (LO)