Economics of Innovation

ECO80003 12.5 Credit Points Hawthorn (Multi modal)

Duration

  • One Semester or equivalent

Contact hours

  • 36 hours

Aims and objectives

This unit aims to introduce students to economic perspectives on innovation including fundamental market failures and policy and organisational responses to these. In a world of finite physical inputs, innovation is the only sustainable source of growth in production and rising living standards. Themes and issues will be covered with reference to seminal literature and key surveys. Students will be introduced to a number of important datasets (using STATA), while developing a robust quantitative toolkit to become proficient at understanding and developing strategy and policy.