Innovation Economics

Instructor: 
Time I: 
Wednesday,
10:00am to 12:00pm
Time II: 
Wednesday,
02:00pm to 04:00pm
Venue I: 
tba
Description: 

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.

Literature:
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 of technology diffusion, Research Policy 29, pp. 603–625

Written exam (2 dates) plus homework assessment/presentation.

Credits: 
6.00
Program: 
Semester: 
Fall 2014
Affiliation: 
Technische Universität Berlin
End date of the whole course: 
Wednesday, February 11, 2015 - 4:00pm