Economics of Innovation

Course content

Theories of innovation and technical change. Determinants of the rate and direction of technical change. The nature, sources and outcomes of product and process innovations. Industrial organization, inter-firm relations, networks and innovative activity. Management of product and process innovations. Dominant design, product life cycles, and technological trajectories. The effects of firm size, market structure and innovation opportunities on innovative activities. Measurement of innovative activity. Financial systems and innovation. Sectoral and industrial studies and policy issues.