Economics of Innovation
Innovationsökonomik
6 CPWinter (even years)EN
Prerequisites
Recommended, as written
Good knowledge of microeconomics.
Contents
Innovation in the history of economic theory; Types of innovation; Competition and innovation; Organizational aspects of innovation; Political and institutional prerequisites for innovation; Diffusion of innovations; Innovation and economic growth; Innovations and societal welfare.
Learning outcomes
Students will understand how innovation can be explained from a microeconomic perspective. They will know the economic, institutional, and psychological prerequisites for entrepreneurial innovation. Upon successful completion of the module, students will be able to critically assess under which circumstances innovative entrepreneurial actions are positively evaluated and potentially eligible for economic policy support.
Assessment
• exam, 30 min. (Mid-term, 30 points) • exam, 70 min. (Final, 70 points)
Literature (1)
- G.M. Swann, The Economics of Innovation: An Introduction, Elgar, 2013 as well as additional articles and book chapters announced during the lecture
Remarks
No offer in the winter semester 2025/26.
Source: BTU's module description · retrieved 15 Oct 2026Original