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Department of Business and Economics
Bachelor

Economics of Innovation

Module: 8a-e
Lecturer: Prof. Dr. Andreas Lichter
Scope / Credits: 4 SWS / 7,5 Credits
Course type: Lecture and exercise
Language:  English
Date and place: Monday, 16:00-18:00, FWW6 /  3.032 (Lecture)
Tuesday, 10:00-12:00, FWW6 / 1.023 (Exercise)
Beginning: 10/07/2024
Exam: Written exam

Contents overview

This course offers an introduction to the economics of innovation from both a theoretical and empirical angle. Among others, the course will cover the following topics:

  • The role of innovation for economic growth
  • The supply of innovators – ability, parental background, and exposure to innovation as drivers of individuals’ entrepreneurial activity and career choices
  • Incentives for innovators: contracts & control rights, market-level rewards
  • The meaning and role of patents
  • Measuring the social versus private returns to R&D investment
  • Effects of targeted and non-targeted policy instruments (tax credits, patent boxes)

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