Innovative Economics

Innovative Economics

Archil Mamatelashvili

Advisor to the Management Board for Macroeconomics and the Financial Sector at “TBC Bank” (Georgia), Board Member at National Bank of Georgia (2013-2014), Deputy Minister of Energy of Georgia


Innovation and entrepreneurship are prime factors behind value creation, economic prosperity and employment growth. These initiatives can take place on several levels – enterprise, regional and national – and lead to new businesses as well as increased competitiveness for those already established. The growing awareness of the importance of innovation and its impact on business and national welfare among knowledge-based firms, financial markets and policymakers has created a demand for an additional program of the economics, which integrates aspects of technology, economics, financing and other related areas.


The course is designed to introduce major trends of innovative applications in business, commerce and finance, including the description of perspectives of big data analysis in business activities. It will introduce participants with tools and techniques of big data analysis, principles and benefits of innovative economics, its current and potential future applications.

Expected result

At the end of the module, participants will know new trends in B2B, P2P and B2C communication and transactions; understand Industry 4.0, which refers to the combination of several major innovations in digital technology, all coming to maturity right now, all poised to transform the energy and manufacturing sectors; get knowledge on virtual currencies, including blockchains and potential benefits, inherent risks and applications of virtual currencies for the international business; gain the understanding of handling and managing the big data.


Course is composed of 5 interactive sessions. Each session is three hours long with fifteen minutes break in-between.

Lecture 1: Introduction to Innovative Economics.
Lecture 2: Industry 4.0 Case study on Uber business model.
Lecture 3: Virtual Currencies. Case Studies – Bitcoin
Lecture 4: Big data in big companies.  How Vestas turned wide range of weather data into optimal energy output?
Lecture 5: Management of Big Data. How companies and governments can analyse big data.

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