Innovation Economics - Interactive curriculae of TU Ilmenau

Midterm exam (25% of the final mark) Final exam on the whole course program (75% of the final mark)

Prof. Dr. Grebel, Thomas

This module contains at least one alternative exam part. Please note that this must usually be registered at the beginning of the semester in which it is offered.
The lecturer and/or the examination office will inform you about the details and time periods. If necessary, be sure to ask the lecturer.

modules BA-Abschluss, Mikroökonomie, Industrieökonomie

Upon completion of the course, students will be able to

• reproduce and explain essential aspects and fundamentals of innovation economics,

• explain and critically evaluate the innovation process, spanning from the search for new knowledge (R&D) to the economic application of such knowledge (innovation) to its market penetration (diffusion) in a competitive environment (incentives and effects), as well as the role of policy in this process;

• derive and critically explain implications of innovation activity for market dynamics, i.e., growth of existing firms, emergence of new technologies and firms, and interactions among market participants (market and industry dynamics);

• Identify and explain the role of incentives in a market from a theoretical stance, justify or contrast governmental policy measures such as research and development, scientifically evaluate governmental research policies in Germany and the EU.

Theoretical analysis of the innovation process, incentive-based models and knowledge-based models of innovative behavior, models of adoption, diffusion, and imitation processes, path dependencies, customary property rights and their effects, arguments for and against government measures to promote research and development, research policy instruments and practice in Germany and the European Union.

Internet access, a technical device (e.g. Laptop), and a communication software (webex)

-Antonelli, C. (2009). The economics of innovation: from the classical legacies to the economics of complexity. Economics of Innovation and New Technology, 18(7), 611-646.

-Dosi, G. (1982). Technological paradigms and technological trajectories: a suggested interpretation of the determinants and directions of technical change. Research policy, 11(3), 147-162.

-Arrow, K. (1962). Economic welfare and the allocation of resources for invention. In The rate and direction of inventive activity: Economic and social factors (pp. 609-626). Princeton University Press.

-Dasgupta, P. & Stiglitz, J. E., Industrial Structure and the Nature of Innovative Activity, Economic Journal 90, 1980, 266-93

-Mokyr, J. (2010). The contribution of economic history to the study of innovation and technical change: 1750–1914. Handbook of the Economics of Innovation, 1, 11-50.

-Arthur, W. B. (2007). The structure of invention. Research Policy, 36(2), 274-287 -Hall, B. H., & Rosenberg, N. (Eds.). (2010). Handbook of the Economics of Innovation (Vol. 1, Vol. 2). Elsevier.