GAZI UNIVERSITY INFORMATION PACKAGE - 2019 ACADEMIC YEAR

COURSE DESCRIPTION
ECONOMICS OF INNOVATION/IKTI318
Course Title: ECONOMICS OF INNOVATION
Credits 3 ECTS 5
Semester 6 Compulsory/Elective Elective
COURSE INFO
 -- LANGUAGE OF INSTRUCTION
  Turkish
 -- NAME OF LECTURER(S)
  Prof. Dr. S. Alev Söylemez
 -- WEB SITE(S) OF LECTURER(S)
   http://websitem.gazi.edu.tr/site/soylemez/
 -- EMAIL(S) OF LECTURER(S)
  soylemez@gazi.edu.tr
 -- LEARNING OUTCOMES OF THE COURSE UNIT
This lesson examines the economic analysis of the process of innovation. After successfully completing the course the student be able to;
-identify and analyse key challenges of innovation processes -understand of innovation processes, including aspects which relate the technological ch
 -- MODE OF DELIVERY
  The mode of delivery of this course is Face to face
 -- PREREQUISITES AND CO-REQUISITES
  Basic and intermediate-level macro-microeconomics are the pre-requisites for this course
 -- RECOMMENDED OPTIONAL PROGRAMME COMPONENTS
  There is no recommended optional programme component for this course.
 --COURSE CONTENT
1. Week  Methodology: The definition and importance of innovation economics, technological change and its economic implications.
2. Week  A historical analysis of technological change Kondratiev waves, Schumpeter's approach
3. Week  5th Kondratiev wave; New economy, major topics. Moore’s law.
4. Week  A knowledge implicit - explicit knowledge, knowledge as a production factor, as a product, knowledge-intensive sectors and their characteristics.
5. Week   Supply-side economies of scale, fixed costs and increasing returns, spillovers of knowledge and non-rivalry characteristics
6. Week  Demand Side Economies of Scale, network externalities, Metcalfe's law, compatibility ,path dependence, sales and marketing
7. Week  Competition, market structure and innovation spillovers and firm strategies. The interaction between technological change and industrial structure
8. Week  Positive feedbacks of knowledge intensive industries causes of market failures, the effect of consumer surplus, marginal cost pricing
9. Week  Natural monopolies, the behaviour of firms within digital marketplace and the different forms that competition can take. Core issues and debate in ant
10. Week  Nature of competition, changes in market shares of the software industry, a case study on Microsoft. Litigation, network effects, scale economies
11. Week   The new economy and financial markets; financial innovations, money and capital market, internet banking, electronic exchange markets
12. Week  The relationship between financial innovations and the recent financial crisis. Channels of influence, stability of financial markets
13. Week  Electronic money; definition and scope, current situation and future prospects, the monetary transmission mechanism.
14. Week  The financing of entrepreneurship, venture capital, business angels.
15. Week  Technological progress and growth; basic neoclassical growth model, growth accounting, endogenous growth models.
16. Week  Globalization, technology, innovations in developing countries. New economy and Turkey.
 -- RECOMMENDED OR REQUIRED READING
   -Chris Freeman & Luc Soete, Yenilik İktisadı, 2003, çev. Ergun Türkcan, TUBİTAK Yayınları, Ankara Alev Söylemez, Bilgi Ekonomisi, İktisada Giriş, 2007 Ed. Ömer Faruk Çolak, Gazi Kitapevi-Ankara Alev Söylemez Yeni Ekonomi, Boyut Yayınları, 2001 Charles Jones, İktisadi Büyümeye Giriş, çev. Sanlı Ateş & İsmail Tuncer, Literatür Yayınları
 -- PLANNED LEARNING ACTIVITIES AND TEACHING METHODS
   Lecture, Question & Answer, Demonstration, Drill - Practise
 -- WORK PLACEMENT(S)
  None
 -- ASSESSMENT METHODS AND CRITERIA
 
Quantity
Percentage
 Mid-terms
1
0
 Assignment
0
0
 Exercises
0
0
 Projects
0
0
 Practice
0
0
 Quiz
0
0
 Contribution of In-term Studies to Overall Grade  
40
 Contribution of Final Examination to Overall Grade  
60
 -- WORKLOAD
 Efficiency  Total Week Count  Weekly Duration (in hour)  Total Workload in Semester
 Theoretical Study Hours of Course Per Week
15
3
45
 Practising Hours of Course Per Week
0
 Reading
15
2
30
 Searching in Internet and Library
15
1
15
 Designing and Applying Materials
0
 Preparing Reports
0
 Preparing Presentation
15
1
15
 Presentation
0
 Mid-Term and Studying for Mid-Term
1
10
10
 Final and Studying for Final
1
10
10
 Other
0
 TOTAL WORKLOAD: 
125
 TOTAL WORKLOAD / 25: 
5
 ECTS: 
5
 -- COURSE'S CONTRIBUTION TO PROGRAM
NO
 PROGRAM LEARNING OUTCOMES
1
2
3
4
5
1To have theoretical and practical knowledge about the fields of Economic Theory, Economic Development and International Economics, Economic History and Economic PolicyX
2To gain professional qualification to work in public institutions and private sector organizations as an inspector, assistant expert or auditorX
3To have knowledge about the other disciplines related to EconomicsX
4To have adequate social responsibility and awareness with regards to the needs of the society, and also to be aware of professional and scientific ethical codesX
5To have the experience of using information technologies and basic computer programs in order to share their accumulated knowledge and problem solving ability, and communicate with colleagues in a foreign language
6To have a knowledge of the quantitative and qualitative methods that will help to examine the premises of different theoriesX
7To be able to utilize the academic, professional, regional, and global networks efficiently, and to interpret the legislationX
8To be compatible for teamwork in order to use their accumulated knowledge in the national and the international research projectsX
9To have the ability to interpret economic and social events through the acquired capability to think analytically and critically, and to be open for innovative ideasX
10To be able to evaluate the practical implications of the knowledge about economic theoryX
11To be able to analyze the effects of international economic relationsX
12To evaluate the development of economic theories and economic problems from a historical perspectiveX
13To have knowledge about the effects of various economic policies in order to develop solutions for current economic problemsX