Economics of Innovation

ECO80003 12.5 Credit Points


  • One Semester or equivalent

Contact hours

  • 36 hours

On-campus unit delivery combines face-to-face and digital learning.

2021 teaching periods


Higher Ed. Semester 2

2 Aug 21 - 31 Oct 21

7 Dec 21

Last self enrolment:
15 Aug 21

31 Aug 21

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.