TYPE OF COURSE UNIT	Elective Course
LEVEL OF COURSE UNIT	Bachelor's Degree
YEAR OF STUDY	-
SEMESTER	-
NUMBER OF ECTS CREDITS ALLOCATED	5
NAME OF LECTURER(S)	. Servıs Servıs
LEARNING OUTCOMES OF THE COURSE UNIT	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	In this course, the effects of producing and developing new technologies, which gained momentum with the industrial revolution, on the national economies are examined.
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 Total(%) 40 Contribution of In-term Studies to Overall Grade(%) 40 Contribution of Final Examination to Overall Grade(%) 60 Total(%) 100
ECTS WORKLOAD	Activities Number Hours Workload Midterm exam 1 1 1 Preparation for Quiz 0 0 0 Individual or group work 14 3 42 Preparation for Final exam 1 30 30 Course hours 14 3 42 Preparation for Midterm exam 1 25 25 Laboratory (including preparation) 0 0 0 Final exam 1 1 1 Homework 0 0 0 Total Workload 141 Total Workload / 30 4,7 ECTS Credits of the Course 5
LANGUAGE OF INSTRUCTION	English
WORK PLACEMENT(S)	No