Course syllabus for Economics of innovation

Course syllabus adopted 2021-02-05 by Head of Programme (or corresponding).

Overview

  • Swedish nameInnovationsekonomi
  • CodeTEK910
  • Credits7.5 Credits
  • OwnerMPMEI
  • Education cycleSecond-cycle
  • Main field of studyIndustrial Engineering and Management
  • DepartmentTECHNOLOGY MANAGEMENT AND ECONOMICS
  • GradingTH - Pass with distinction (5), Pass with credit (4), Pass (3), Fail

Course round 1

  • Teaching language English
  • Application code 26123
  • Maximum participants90
  • Block schedule
  • Open for exchange studentsYes

Credit distribution

0121 Examination 7.5 c
Grading: TH		7.5 c

In programmes

Examiner

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Eligibility

General entry requirements for Master's level (second cycle)
Applicants enrolled in a programme at Chalmers where the course is included in the study programme are exempted from fulfilling the requirements above.

Specific entry requirements

English 6 (or by other approved means with the equivalent proficiency level)
Applicants enrolled in a programme at Chalmers where the course is included in the study programme are exempted from fulfilling the requirements above.

Course specific prerequisites

No further pre-requisites than the regular MEI admission pre-requisites.

Aim

To address the interaction between economic change, technical change and innovation at several levels of societal aggregation (micro, meso, macro), and provide the conceptual tools, theories and frameworks that explain the interaction at these levels of aggregation, complemented with empirical cases, illustrations and results. In addition, implications for management and policy will be explored.

Learning outcomes (after completion of the course the student should be able to)

By the end of the course students will be able to:

(1) apply theories, frameworks, conceptual tools and methods related to competition, strategy, institutions, policy, innovation and industrial dynamics, in relation to the complex interplay between innovation, technical change and economic change

(2) analyze drivers and effects of innovation and technical change on economic growth

(3) identify main strategic and policy issues related to economic change, innovation and technical change

(4) apply conceptual tools, methods and frameworks related to economics of innovation in order to provide implications for policy and for taking strategic decisions

Content

The course focus on tools and concepts to understand and explain the drivers of innovation and the impacts of innovation and technical change on the economy. The micro level of the course provides an overview of the economics of information and knowledge, and its behavioral foundations - bounded rationality. Moving to higher levels of aggregation, drivers to competition, economic growth, structural change and the roles of institutions for policy will be addressed. Economic analysis such as increasing returns, path dependencies, innovation diffusion, evolutionary economics, innovation systems, technological opportunities, network externalities, market and policy failures, among others, will be analyzed primarily from the perspective industrial dynamics.

Organisation

The course is structured around a number of lectures, seminars and assignments which addresses the course topics at varying levels of detail. In order to make the course as stimulating and instructive as possible, we encourage discussions between teachers and students.

Literature

The literature will be announced at the beginning of the course.

Examination including compulsory elements

Lectures will be an important part of the teaching, but group discussions, seminars and presentations will also be included. Examination will be conducted through take home exams and hand-in assignments.

The course examiner may assess individual students in other ways than what is stated above if there are special reasons for doing so, for example if a student has a decision from Chalmers on educational support due to disability.