Module Specifications..
Current Academic Year 2023 - 2024
Please note that this information is subject to change.
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Repeat examination |
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Description Science, technology, and innovation in its different forms and facets are the driving force behind long-term economic growth. This course introduces the major topics of economic analysis of innovation. The module will cover the measurement of innovation, productivity and growth and will provide students with an understanding of key factors driving innovation activities, barriers to these activities, how innovation diffuses, and how it affects the economy. The module will consider how different market structures shape innovation and how public policies can help drive innovative activities. Throughout the module will mix the theoretical insights with practical applications in the firm and for policymakers | |||||||||||||||||||||||||||||||||||||||
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Learning Outcomes 1. be able to explain key concepts related to the economics of science and technology 2. demonstrate general knowledge and understanding of the microeconomics and macroeconomics of innovation and the links between the two 3. gain frameworks and tools to understand key-issues in this field e.g. how do we measure innovation? How do firms exploit innovation in different sectors? 4. be able to apply simple theoretical and empirical models to the analysis of economic and policy issues related to innovation; | |||||||||||||||||||||||||||||||||||||||
All module information is indicative and subject to change. For further information,students are advised to refer to the University's Marks and Standards and Programme Specific Regulations at: http://www.dcu.ie/registry/examinations/index.shtml |
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Indicative Content and Learning Activities
Indicative content• What is Innovation? Foundation of Innovation economics. • Intellectual property and knowledge spillovers. • Market failure and innovation policy: • The measurement of innovation, productivity, and growth. • Product, process, and cumulative innovations. • The role of innovation in economic growth models and innovation and globalisation. • Innovation and firms dynamics: Innovation & market power and market structure. • The market for technology: Value of innovation & patent races and strategic investment in R&D. • Networks & network effects. • Diffusion and social returns of innovation; • Institutions and Innovation . | |||||||||||||||||||||||||||||||||||||||
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Indicative Reading List | |||||||||||||||||||||||||||||||||||||||
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Other Resources None | |||||||||||||||||||||||||||||||||||||||
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