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Department of Business and Economics
Bachelor

Economics of Innovation

Module:8a-e
Lecturer:Prof. Dr. Andreas Lichter / Jana Heinrichs
Scope / Credits:4 SWS / 7,5 Credits
Course type:Lecture and exercise
Language:English
Date and place:Monday, 4:00 pm - 6:00 pm, VPW 87 / 811 (Lecture)
Tuesday, 10:00 am - 12:00 pm, VPW 87 / 811 (Exercise)
Beginning:12/10/2026
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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