Information Package

Master's of Economics with Thesis

ECON523

ECONOMICS OF INNOVATION

Course Code
ECON523
Semester
-
Theory+Practice
3 + 0
ECTS
10
Course TypeElective Course
Course LevelMaster's Degree With Thesis
Year of Study-
Semester-
ECTS10
Name of Lecturer(s)
Learning Outcomes

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
PrerequisitesNo
Recommended Optional Programme ComponentsNone
Course DescriptionThe 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
WEEK TOPICS
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
Recommended 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 Methods
  • Lecture
  • Discussion
  • Problem Solving
Assessment Methods and Criteria
Quantity Percentage (%)
Mid-term 1 40
Quiz 1 10
Total(%) 50
Contribution of In-term Studies to Overall Grade(%) 50
Contribution of Final Examination to Overall Grade(%) 50
Total(%) 100
ECTS Allocated Based on Student Workload
Activities Quantity Duration (Hour) Total Workload (Hour)
Midterm exam 1 2 2
Preparation for Quiz 1 55 55
Individual or group work 14 5 70
Preparation for Final exam 1 70 70
Course hours 14 3 42
Preparation for Midterm exam 1 60 60
Laboratory (including preparation)
Final exam 1 2 2
Homework
Total Work Load301
Total Work Load / 30 (h)10.03
ECTS Credit of the Course10
Language of InstructionTurkish
Work Placement(s)No
LO1 LO2
K1 X
K2 X
K3 X
K4 X
K5 X
K6 X
K7 X
K8 X
K9 X
K10 X