ME2713 Economics of Innovation
KTH Royal Institute of Technology
At least 120 cr of higher ducation, of which at least 30 cr within industrial economics/mathematics/economics/statistics, and documented knowledge in English B or the equivalent
Observation, interpretation, measurement and understanding of R&D, innovation and productivity
- Creation and dispersion of technology and knowledge
- Risk and funding of innovative activities
- Innovation and technology policy
On completion of the course the students should be able to:
- Understand the meaning of concepts such as R&D, technology, technology dispersion, markets for technology, invention, innovation, productivity.
- Understand the importance of the innovation processes of the companies and the leverage effect that can be created by utilising industrial, regional and national innovation systems.
- Show ability to understand the often complex nature of the innovative activities
- Understand why funding of innovative activities can be a problem
- Understand why the private return on investment on innovative activities is often lower than the social return on investment
- Understand how innovative activities can be converted to new knowledge, technical changes and economical growth.
- Understand the importance of the globalisation for innovative activities.
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