ECON692 EVOLUTIONARY ECONOMICS
| Course Code: | 3110692 |
| METU Credit (Theoretical-Laboratory hours/week): | 3 (3.00 - 0.00) |
| ECTS Credit: | 8.0 |
| Department: | Economics |
| Language of Instruction: | English |
| Level of Study: | Graduate |
| Course Coordinator: | Prof.Dr. EROL TAYMAZ, Prof.Dr. DÜRDANE ŞİRİN SARAÇOĞLU |
| Offered Semester: | Fall or Spring Semesters. |
Course Objectives
The main objective of this course is to enable students to understand concepts, methods and results of evolutionary analysis of technical change and economic dynamics. Students examine how evolutionary approaches can be used to further the understanding of complex processes and industrial dynamics (selection, competition, innovation, variety-creation, learning, etc.) that transform economic and social structures. The course includes microsimulation exercises on the computer to allow students to explore evolutionary theories and applications of these in an active way.
Course Content
The main objective of this course is to enable students to understand concepts, methods and results of evolutionary analysis of technical change and economic dynamics. Students examine how evolutionary approaches can be used to further the understanding of complex processes and industrial dynamics (selection, competition, innovation, variety-creation, learning, etc.) that transform economic and social structures. The course includes micro simulation exercises on the computer to allow students to explore evolutionary theories and applications of these in an active way.
Course Learning Outcomes
Program Outcomes Matrix
| Level of Contribution | |||||
| # | Program Outcomes | 0 | 1 | 2 | 3 |
| 1 | Advanced level of knowledge on the theory of economics and economic indicators, competency in modelling, analysis and application of economic theories using advanced mathematical and econometric techniques; | ✔ | |||
| 2 | Competency in asking the right research questions; | ✔ | |||
| 3 | Develop an innovative knowledge, method, design and/or practice or adapt an already known knowledge, method, design and/or practice to another field; research, conceive, design, adapt and implement an original subject; | ✔ | |||
| 4 | Conceive the interdisciplinary interaction which the field is related with; efficient use of time; demonstrate leadership in contexts requiring innovative and interdisciplinary problem solving; | ✔ | |||
| 5 | Ability in thouroughly explaining the impact of economic policies on individuals, markets and countries with the help of the theoretical background achieved during program of study; | ✔ | |||
| 6 | Contribute to the progression in the field by producing an innovative idea, skill, and/or practice or by adapting an already known idea, skill, and/or practice to a different field independently; | ✔ | |||
| 7 | Contribute to the transition of the community to an information society and its sustainability process by introducing scientific, technological, social or cultural improvements; | ✔ | |||
| 8 | Ability and competence to work and conduct research with national and international research groups and partnerships; | ✔ | |||
| 9 | Defend original views when exchanging ideas in the field with professionals and communicate effectively by showing competence in the field. | ✔ | |||
0: No Contribution 1: Little Contribution 2: Partial Contribution 3: Full Contribution