COURSE INFORMATION Course Title: ECONOMICS OF INNOVATION

Code	Course Type	Regular Semester	Theory	Practice	Lab	Credits	ECTS
ECO 343	B	5	3	0	0	3	5

Academic staff member responsible for the design of the course syllabus (name, surname, academic title/scientific degree, email address and signature)	NA
Lecturer (name, surname, academic title/scientific degree, email address and signature) and Office Hours:	Eglantina Hysa
Second Lecturer(s) (name, surname, academic title/scientific degree, email address and signature) and Office Hours:	NA
Teaching Assistant(s) and Office Hours:	NA
Language:	English
Compulsory/Elective:	Elective
Classroom and Meeting Time:
Course Description:	In this course the analytical tools of neoclassical economics will be used to explore contemporary issues in innovation such as innovations in technology,telecommunication and innovations that are linked to economic growth,the supply of participation,minimum wage levels in job markets,employment training programs, unemployment and inflation.
Course Objectives:	The subject is designed for first year students MA in economics and business. Students who attend this course should have a solid background in microeconomics, macroeconomics and econometrics.

COURSE OUTLINE

Week	Topics
1	Introduction to terminology and measurement issues
2	Innovation and endogenous growth
3	Innovation and endogenous growth
4	Quiz-1
5	Innovation incentives and market failure
6	Market structure and innovation
7	Quiz-2
8	Midterm exam
9	Strategic management of innovation in network markets
10	Delivering innovation
11	Delivering innovation
12	Quiz-3
13	Labor market effects of innovation
14	Course review and exercises

Prerequisite(s):
Textbook:	Erasmus School of Ecomonics
Other References:
Laboratory Work:
Computer Usage:	Excel
Others:	No

COURSE LEARNING OUTCOMES

1	To get the ability to examine the economic theories of innovation.
2	To gain the skills necessary to analyze the basic subjects of the innovation economy.
3	To gain the ability to choose the best policies to solve economic innovation problems facing everyday economic life and decide which policies should be selected for any kind of problem in the innovation economy.
4	Ability to calculate the values and theories of labor economics to analyze their effects

COURSE CONTRIBUTION TO... PROGRAM COMPETENCIES (Blank : no contribution, 1: least contribution ... 5: highest contribution)

No	Program Competencies	Cont.
Bachelor in Economics (3 years) Program
1	The students are gained the ability to look at the problems of daily life from a broader perspective. They gain the needed skills not only to understand economic problems in economics but also to construct a model and defend in meaningful way.	5
2	They have knowledge about the microeconomics.	5
3	They have knowledge about the macroeconomics.	3
4	They have knowledge about the international economics and finance.	2
5	They have ability to use mathematical and statistical methods in economics.	5
6	They know how to use computer programs in both daily office usage and statistical data evaluations in public and private sector.	5
7	They have necessary economics skills that needed in private and public sector.	5
8	They are intended to be specialist in one of departmental fields that they choose from the list of general economics, growth and development, labor economics and labor market, environmental economics, agricultural economics, health economics, education economics and human development, political economics, international economics, monetary economics, finance economics, public finance, international financial markets and institutions, banking and central banking, international trade and banking, monetary economics and banking,	4
9	They have ability to utilize fundamental economic theories and tools to solve economic problems in economics.	5
10	They are aware of the fact that economics is a social science and they respect the social perspectives and social values of the society’s ethics.	3

COURSE EVALUATION METHOD

Method	Quantity	Percentage
Homework	3	8
Midterm Exam(s)	1	27
Quiz	3	7
Final Exam	1	28
	Total Percent:	100%

ECTS (ALLOCATED BASED ON STUDENT WORKLOAD)

Activities	Quantity	Duration(Hours)	Total Workload(Hours)
Course Duration (Including the exam week: 16x Total course hours)	16	4	64
Hours for off-the-classroom study (Pre-study, practice)	16	2	32
Mid-terms	1	10	10
Assignments	2	3	6
Final examination	1	13	13
Other			0
Total Work Load:			125
Total Work Load/25(h):			5
ECTS Credit of the Course:			5