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Language of Instruction
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English
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Level of Course Unit
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Master's Degree
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Department / Program
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MA Program in Economics (Thesis) (English)
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Type of Program
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Formal Education
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Type of Course Unit
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Elective
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Course Delivery Method
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Face To Face
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Objectives of the Course
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This course aims
1. to introduce theoretical models of invention and innovation.
2. to introduce economics of the intellectual property (IP), patenting, incentives for research and development (R&D), technology standards, setting standards, strategic choices in innovation & competition, the value of innovation & patent races; process innovation and product market competition, the diffusion of technological innovations;
3. to discuss interaction between public and private sector innovation; network effects; current policy issues regarding the conflicts between IP rights and antitrust regulation.
4. to deliver the issues of long-run and short-run effects of innovation
5. to promote students to read, contemplate and discuss pieces from the related literature.
6. to encourage students to convey their arguments related to the topics of the course through written assignments and oral presentations.
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Course Content
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The aim of this course is to introduce you to the major topics of economic analysis of innovation. It introduces theoretical models of invention and innovation. The course uses game theoretical as well as industrial organization concepts and tools. Some of the topics included in the course are innovation, economics of the intellectual property (IP), patenting, incentives for research and development (R&D), technology standards, setting standards, strategic choices in innovation & competition, the value of innovation & patent races; process innovation and product market competition, the diffusion of technological innovations; interaction between public and private sector innovation; network effects; current policy issues regarding the conflicts between IP rights and antitrust regulation. The course reviews related theoretical and empirical studies in innovation economics. The objective of this course is for the students to gain analytical thinking to understand and analyze innovation and innovative activities.
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Course Methods and Techniques
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Prerequisites and co-requisities
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None
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Course Coordinator
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Prof.Dr. Hasan Vergil
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Name of Lecturers
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Research Assist. ABDÜLKADİR KÖMÜ
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Assistants
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Research Assist. Abdülkadir Kömü
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Work Placement(s)
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No
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Recommended or Required Reading
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Resources
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Scotchmer, S., Innovation and Incentives, MIT Press, 2004
Church, J. and R. Ware, Industrial Organization: A Strategic Approach, Irwin McGraw-Hill, 2000.
Instructor's notes
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Course Notes
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No assumed or prior knowledge is required but knowledge of game theoretical as well as industrial organization concepts and tools are helpful.
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