ECON666 ECONOMICS OF INNOVATION AND INDUSTRIAL STRATEGY
| Course Code: | 3110666 |
| METU Credit (Theoretical-Laboratory hours/week): | 3 (0.00 - 0.00) |
| ECTS Credit: | 8.0 |
| Department: | Economics |
| Language of Instruction: | English |
| Level of Study: | Graduate |
| Course Coordinator: | Prof.Dr. ERKAN ERDİL |
| Offered Semester: | Spring Semesters. |
Course Objectives
The objective of this course is to provide an introduction to the theory of technology policy and various tools available in designing, implementing, and evaluating technology policy. Specific topics to be covered include the economics of technological change, measurement of technological activities, aims and means of technology policy, and the practice of technology policy with a special emphasis on the EU practice.
Course Content
In this course, the focus will be on the dynamics of industrial clusters and networks, their role in economic and regional development. It also includes analysis on what kinds of policy tools have been used, and can be used by governments to increase the contribution of clusters to regional development. The course will conclude with technological diffusion and diffusion policy. Setting industrial policies a good understanding of both macro and micro dynamics in the economy. Thus, it is important to understand not only the macro-level policy design, but also the firm dynamics to develop effective policies. This course adopts both a macro and micro perspective in this respect.
Course Learning Outcomes
Students successfully completing the course will have acquired a wider body of relevant knowledge and also developed the capability to apply economic analysis to policy issues in the area of technological change.
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