Faculty of Business and Management Sciences · International Trade and Finance (English) · Undergraduate
Course Objective
This course aims to teach the fundamental concepts, components, and impacts of the knowledge economy on economic growth and innovation. It provides students with a theoretical and analytical framework to understand the dynamics of knowledge-based economies and contribute to policy-making processes.
Course Content
The course covers the definition of the knowledge economy, its key elements, and the relationship between knowledge, innovation, and economic growth. Additionally, it examines knowledge-based sectors, digitalization, intellectual property rights, and competitive strategies driven by knowledge.
Required Resources
Foray, D. (2004). The Economics of Knowledge. MIT Press.
Recommended Resources
David, P. A., & Foray, D. (2002). An Introduction to the Economy of the Knowledge Society. International Social Science Journal, 54(171), 9-23.
OECD (1996). The Knowledge-Based Economy. Organisation for Economic Co-operation and Development.
Explanations
70 percent participation is mandatory.
Rules
Academic integrity will be strictly emphasized in this course, and plagiarism or ethical violations will not be tolerated.
Course Learning Outcomes
- To know the basic elements and properties of the knowledge economy
- Having knowledge about the importance of knowledge management
- Analyze the impact of knowledge and innovation on economic growth.
- Evaluate the contribution of digitalization and knowledge-based sectors to economic transformation.
- Develop policy recommendations by examining knowledge-based competitive strategies.
Core Area Distribution
Teaching Methods
Assessment & Evaluation
ECTS / Workload
| Activity | Quantity | Duration (h) | Total Workload |
|---|---|---|---|
| Course Duration (Including Exam Week) | 16 | 3 | 48 |
| Out of Class Study Period | 19 | 4 | 76 |
| Midterm | 1 | 1 | 1 |
| Quiz | 0 | 0 | 0 |
| Assignment | 0 | 0 | 0 |
| Practice | 0 | 0 | 0 |
| Final | 1 | 1 | 1 |
Course Schedule
| Week | Subject | Preparation |
|---|---|---|
| 1 | Introduction to the Knowledge Economy: Definitions and Key Concepts | Foray (2004), Chapter 1 |
| 2 | Knowledge Society and Economic Transformation | OECD (1996), Chapters 1-2 |
| 3 | The Role of Knowledge as an Economic Resource | Foray (2004), Chapter 2 |
| 4 | The Relationship Between Innovation and the Knowledge Economy | David & Foray (2002) |
| 5 | Digitalization and the Development of the Knowledge Economy | OECD (1996), Chapter 3 |
| 6 | Intellectual Property Rights and the Knowledge Economy | Foray (2004), Chapter 4 |
| 7 | Knowledge-Based Sectors and Competitive Advantage | OECD (1996), Chapter 4 |
| 8 | Midterm | All resources |
| 9 | Knowledge Transfer, Diffusion, and Commercialization | Foray (2004), Chapter 5 |
| 10 | Entrepreneurship, Start-up Ecosystem, and the Knowledge Economy | David & Foray (2002) |
| 11 | Human Capital and Education in the Knowledge Economy | OECD (1996), Chapter 5 |
| 12 | Digital Platforms and New Business Models | Foray (2004), Chapter 6 |
| 13 | Public Policies and Support for the Knowledge Economy | OECD (1996), Chapter 6 |
| 14 | Global Knowledge Economy and Cross-Country Comparisons | David & Foray (2002) |
| 15 | General Review and Discussions | All Sources |
| 16 | Final Exam | all resources |