Economics of Innovation and Technology

In the context of this module, the basic approaches of the founders of the discipline, J. Schumpeter, K. Arrow, R. Nelson and S. Winter are presented. Specifically, the incentives for the development of new technologies, the consequences of integrating new technologies in business operation are analyzed. Emphasis is given in presenting the influence of new technologies in a series of parameters such as Economic Developments, Productivity, Social Welfare, Market Structure, International Trade and Globalization .

Objectives

Introduction and familiarization of strudents in the principles, concepts, methods and applications of the Economics of Innovation and Technological Change.

Prerequisites

Introduction to Economics I Microeconomics I & II Economics of Industrial Organisation International Trade Regional Economics Business Economics Economic Geography

Syllabus

In the context of this module, the basic approaches of the founders of the discipline, J. Schumpeter, K. Arrow, R. Nelson and S. Winter are presented. Specifically, the incentives for the development of new technologies, the consequences of integrating new technologies in business operation are analyzed. Emphasis is given in presenting the influence of new technologies in a series of parameters such as Economic Developments, Productivity, Social Welfare, Market Structure, International Trade and Globalization .