JEM182 - Economics of Innovation

Credit: 6
Status: Bachelors - All
Bachelors - elective
BEF - elective
CFS - elective
ET - elective
F,FM and B - elective
Masters - all
MEF - elective
Semester - winter
Course supervisors: Oleg Sidorkin M.A., CSc.
Martin Srholec
Course homepage: JEM182
Literature: Hall B. Rosenberg N. (2010) Handbook of the Economics of Innovation, Elsevier.
Scotchmer, Suzanne (2004) Innovation and Incentives, MIT Press.
Swan Peter G. M. (2009) The Economics of Innovation, Edward Elgar.
Tidd, J., J. Bessant (2013) Managing Innovation. Integrating Technological, Market and Organizational Change 5th. ed., Wiley.
Lipczynski J., J.O.S. Wilson, J. Goddard (2013) Industrial Organization: Competition, Strategy and Policy, 4th ed., Harlow: Pearson.
Description: The main goal of this course is to study innovation both from theoretical and empirical perspectives, and introduce students to the main research topics and key research papers in the field.

The main focus will be on microeconomics, although we will also link innovation to economic growth theory, law and innovation management. We will analyze behavior of individual innovative firms and innovation cases from economic perspective. We will examine the connection between ideas, invention and innovation via intellectual property rights, knowledge spillovers and diffusion, incentives, public policies, environmental and entrepreneurship studies, market design and other related topics.

A separate attention will be paid to innovation systems in European Union and transition of innovation system in the Central and Eastern Europe.




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