Lecture: Innovation Economics - Details

Lecture: Innovation Economics - Details

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General information

Course name Lecture: Innovation Economics
Semester WS 2022/23
Current number of participants 57
Home institute VWL, insb. Wirtschaftspolitik und Wirtschaftsforschung
participating institutes Wirtschaftswissenschaftlicher Bereich - School of Economics and Business
Courses type Lecture in category Offizielle Lehrveranstaltungen
First date Wednesday, 12.10.2022 08:15 - 09:45, Room: SR I [WiWi]
Participants siehe Modulverknüpfung (please refer to the modules associated with and tied to the course)
Pre-requisites none
Learning organisation 1st session: introduction and information on schedule, allocation to presentation topics in the order of registration
Participation is mandatory as you will need to register for a topic
Further information on ideal structure of presentation will be provided in the first session
case work in class

The course makes use of case examples from practice throughout and encourages students to explore the implications for practice in their own presentations as well as to base their arguments on current scientific literature
Performance record Short presentation in class + test at the end of the semester (MC questions)
The final grade will be calculated based on 1) your presentation 2) MC test
Studiengänge (für) all Bachelor study branches including Erasmus students
SWS 2
Miscellanea The lecture is conducted in person. In addition, a virtual self-test with weekly feedback will be provided on ILIAS to help you keep track of your learning outcomes
ECTS points 5

Rooms and times

SR I [WiWi]
Wednesday: 08:15 - 09:45, weekly (14x)
Wednesday, 12.10.2022 08:15 - 09:45
Thursday, 16.03.2023 15:15 - 17:15
Großer Hörsaal [WiWi]
Thursday, 09.02.2023 15:15 - 17:15

Fields of study

Module assignments

Comment/Description

The course provides you with a sound understanding of how innovation processes are deeply
intertwined with societal processes (e. g. in the sections on Green innovation and the Sharing
Economy) and addresses fundamental questions against the backdrop of economic theory and
practice. In particular, the following questions are addressed:
What distinguishes successful from sluggish entrepreneurial activities? (e. g., section on models
conceptualizing size effects, locus of innovation, global pipelines)
What positive and negative externalities arise from innovation? (section on upside and downside
effects)
What does an environment conducive to innovation look like (e. g., section on R&D and cluster
policies) ?
How can innovation be systematically built and sustained (e. g., measurement issues, optimal
organizational structure conducive to innovation, entrepreneurship)?
What mechanisms create windows of opportunities for stealing market share from incumbents, often
by applying innovations from a distinctly different technological field or industry (e. g., section on
disruptive innovation à la Uber, Instagram and Tesla or Google building cars)?
Finally, you will have familiarized yourselves with the interconnectedness of actors,
institutions and intermediaries in an innovative ecosystem all of which influence each other and shape
the trajectories of successfully launched innovations.
Practical cases and examples from practice are discussed throughout the course.

Learning Objectives

- Awareness of innovation capability as being a fundamental prerequisite for companies to survive and thrive in their competitive environment
- knowledge of basic innovation modes
- ability to analyze innovation as a complex phenomenon located at different levels of analysis (individual entrepreneur, firm, national and global scale)
- ability to critically assess the impact of innovation including its adverse side effects and the inefficiencies in coordinating, financing and sustaining innovation
- Sound understanding of how innovation is related to economic outcome variables (productivity, growth, job creation, etc.) and its implications for society at large

Contents

- tools and concepts to model innovation processes
- shaping of innovation by different actors (firms, networks, state, international institutions) which act as institutional and social filters for innovation outcomes
- governance of innovation, including Intellectual Property Rights with practical case examples
- R&D and cluster policies
- international research and policy perspectives

Admission settings

The course is part of admission "Zeitgesteuerte Anmeldung: Innovation Economics".
The following rules apply for the admission:
  • The enrolment is possible from 01.10.2023, 11:36 to 19.10.2023, 00:00.