Innovation Economics

Time I: 
02:00pm to 04:00pm
Time II: 
10:00am to 12:00pm
Venue I: 
VWS 128, Schleuseninsel, TU Berlin, Müller-Breslau-Str. 15

The ability to innovate ensures the competitiveness of high-income countries
and its enterprises. At the same time innovations question the classical
economic equilibrium models.

The course intends to shed light on different typologies of innovations,
also considering multiple methodologies of empirical research in innovation
economics. The second part of the course deals with different explanatory
approaches of innovation economics: amongst others neo-classical,
evolutionary and historic-institutional ones.

The course studies both theoretical models and their empirical application,
changing between micro and macro-economic perspectives.

G. M. P. Swann (2009): The Economics of Innovation; P. Stoneman
(2002): The Economics of Technological Diffusion; Schumpeter (1911): A
theory of economic development; Schumpeter (1939): Business Cycles;
Schumpeter (1942): Capitalism, socialism and democracy; K. J. Arrow (1959):
Economic Welfare and the Allocation of Resources for Invention, NBER Working
Paper 1856; V. Sena (2004): The Return of the Prince of Denmark: A Survey on
Recent Developments in the Economics of Innovation, The Economic Journal
114, F132-F332; Nordhaus (1962): Invention, Growth and Welfare; R. Nelson
and S. Winter (1982): An Evolutionary Theory of Economic Change; P. A.
Geroski (2000): Models oftechnology diffusion, Research Policy 29, pp.

Written exam plus homework assessment/presentation.

Fall 2013
Technische Universität Berlin
End date of the whole course: 
Wednesday, February 12, 2014 - 4:00pm