Undergraduate Course: Economics of Technical Change (ECNM10008)

Course Outline
School	School of Economics	College	College of Humanities and Social Science
Credit level (Normal year taken)	SCQF Level 10 (Year 3 Undergraduate)	Availability	Available to all students
SCQF Credits	20	ECTS Credits	10
Summary	The aim of this course is to provide an understanding of the role of technical change, and innovation more broadly, in the process of economic change.
Course description	Particular attention may be paid to the following topics: the contribution of Joseph Schumpeter; the evolutionary/institutional approach to economic change; theory of the firm and learning; clusters, industrial districts, innovation and international competitiveness; the evolution of the telecoms industry in the Internet age; innovation systems; R&D decision-making. The course is taught through a programme of lectures.

Entry Requirements (not applicable to Visiting Students)
Pre-requisites	Students MUST have passed: Economics 2 (ECNM08006)	Co-requisites
Prohibited Combinations		Other requirements	None
Additional Costs	None

Information for Visiting Students
Pre-requisites	Visiting students should usually have at least 3 Economics courses at grade B or above (or be predicted to obtain this) for entry to this course. This MUST INCLUDE courses in both Macroeconomics and Microeconomics. We will only consider University/College level courses.
High Demand Course?	Yes

Course Delivery Information

Academic year 2015/16, Available to all students (SV1)		Quota: None
Course Start	Semester 1
Timetable	Timetable
Learning and Teaching activities (Further Info)	Total Hours: 200 ( Lecture Hours 20, Summative Assessment Hours 2, Programme Level Learning and Teaching Hours 4, Directed Learning and Independent Learning Hours 174 )
Assessment (Further Info)	Written Exam 80 %, Coursework 20 %, Practical Exam 0 %
Additional Information (Assessment)	Class essay (20%) and a 2 hour degree examination April/May (80%). Visiting Student Variant Assessment Class essay (20%) and two x 1500 word essays (80%).
Feedback	Not entered
Exam Information
Exam Diet	Paper Name		Hours & Minutes
Main Exam Diet S2 (April/May)			2:00

Academic year 2015/16, Part-year visiting students only (VV1)		Quota: None
Course Start	Semester 1
Timetable	Timetable
Learning and Teaching activities (Further Info)	Total Hours: 200 ( Lecture Hours 20, Programme Level Learning and Teaching Hours 4, Directed Learning and Independent Learning Hours 176 )
Assessment (Further Info)	Written Exam 0 %, Coursework 100 %, Practical Exam 0 %
Additional Information (Assessment)	Class essay (20%) and a 2 hour degree examination April/May (80%). Visiting Student Variant Assessment Class essay (20%) and two x 1500 word essays (80%).
Feedback	Not entered
No Exam Information

Learning Outcomes
On completion of this course, the student will be able to: A knowledge and understanding of key issues in the analysis of technical change and innovation, including, principles and evolutionary models, along with applications and policy implications of those models and a deeper understanding of recent research activity in some more specialised areas. Research and investigative skills such as problem framing and solving and the ability to assemble and evaluate complex evidence and arguments. Communication skills in order to critique, create and communicate understanding. Personal effectiveness through task-management, time-management, dealing with uncertainty and adapting to new situations, personal and intellectual autonomy through independent learning. Practical/technical skills such as, modelling skills (abstraction, logic, succinctness), qualitative analysis and general IT literacy.

Reading List
There is no single text that covers all aspects of this course at an appropriate level. A variety of advanced readings will be used, mainly from economics journals.