ECON415 ECONOMICS OF TECHNOLOGY AND DEVELOPMENT
| Course Code: | 3110415 |
| METU Credit (Theoretical-Laboratory hours/week): | 3 (3.00 - 0.00) |
| ECTS Credit: | 6.0 |
| Department: | Economics |
| Language of Instruction: | English |
| Level of Study: | Undergraduate |
| Course Coordinator: | Prof.Dr. ERKAN ERDİL |
| Offered Semester: | Fall Semesters. |
Course Objectives
This course aims to develop a fundamental and up-to-date understanding of the role of technological change in modern economic growth and development. While the implications of technological change remain central, the range of topics to be covered includes basics of public policy, innovation, organizational structure of innovation, systems of innovation, clusters, networks, and STI policy. The course also focuses on the reflections of the subject-matter on the recent trends in the Turkish economy.
Course Content
In any economy, the intensity of innovative activities is one of the main indicators of technical change. Those attempts should materialise in the product chain in the context of competitive pressures prevalent both in the national and international markets. In this framework, the course aims at mapping issues such as the study of long-run competitiveness, knowledge accumulation, and policy making combined with a holistic understanding of innovation. This course surveys a range of topics in the area of economics of innovation and technological change in the context of development, including the economics of the innovative activities, the contribution of innovation and research to economic growth, and the influence of market structure and competitive environment on the production of innovationsö tehnology diffusion.
Course Learning Outcomes
Student, who passed the course satisfactorily will be able to:
- express the different ways in which technology affects development in modern economies
- use basic economic modeling to explain sectoral and occupational transformations and inequalities through technological change
- understand the main building blocks of STI policy.
Program Outcomes Matrix
| Level of Contribution | |||||
| # | Program Outcomes | 0 | 1 | 2 | 3 |
| 1 | Use and develop skillfully economic concepts and theories, analyse economic behaviour and events by conceptualizing and evaluating via scientific methods (Has skills regarding theory and analysis) | ✔ | |||
| 2 | Evaluate how economic policies affect economic performance and how economic interest, relationship and interaction affect policy decisions (Knowledgeable about economic policies) | ✔ | |||
| 3 | Design and carry out studies regarding data collection, analysis and evaluation, that can be used in decision processes at every level (individual, firm, government, etc.)(Knowledgeable about quantitative and qualitative methods) | ✔ | |||
| 4 | Evaluate systematically and compare economic knowledge, phenomena and methodology; Develop critical, creative/innovative approaches to these (Critical, creative, innovative) | ✔ | |||
| 5 | Understand current economic phenomena and relevant political developments using information and data from various resources and provide multifaceted explanations (Concerned about current events) | ✔ | |||
| 6 | Follow developments in economic theory and methods; Be open to continuous learning (Open to continuous learning) | ✔ | |||
| 7 | Have skills to work independently and in a team (Individual and teamwork) | ✔ | |||
| 8 | Approach critically to economic and societal events and problems while being sensitive to social problems; Produce solutions to these problems by scientific approach; Share own thoughts (Sensitive to social problems) | ✔ | |||
| 9 | Communicate clearly, effectively and fluently (in English and Turkish) verbally and in writing, utilizing new technologies (Has effective communication skills) | ✔ | |||
0: No Contribution 1: Little Contribution 2: Partial Contribution 3: Full Contribution