Vorlesung: Innovation Economics - Details

Vorlesung: Innovation Economics - Details

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Veranstaltungsname Vorlesung: Innovation Economics
Semester WiSe 2025/26
Aktuelle Anzahl der Teilnehmenden 28
Heimat-Einrichtung VWL, insb. Wirtschaftsethik
Veranstaltungstyp Vorlesung in der Kategorie Offizielle Lehrveranstaltungen
Nächster Termin Mittwoch, 04.02.2026 08:15 - 09:45, Ort: SR I [WiWi]
Teilnehmende siehe Modulverknüpfung (please refer to the modules associated with and tied to the course)
Voraussetzungen none
Lernorganisation 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
Leistungsnachweis Short presentation in class + test at the end of the semester (Single choice questions)
The final grade will be calculated based on 1) your presentation 2) Single choice test
Lehrsprache(n) Englisch
SWS 2
Sonstiges 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-Punkte 5

Studienbereiche

Modulzuordnungen

Kommentar/Beschreibung

The course provides you with a sound understanding of how innovation processes are deeply
intertwined with societal processes 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., size effects, locus of innovation, global pipelines)
- What traits do innovation ecosystems have which are conducive to innovation?
- How can R&D activities be fostered and cluster policies be shaped and sustained?
- How can Artificial Intelligence and algorithm based innovation support innovation?
- How can entrepreneurs successfully develop Business models and Pay-per-X-Services?
- How can innovation be systematically achieved 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 the case of 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
- understanding of how AI, algorithm-based and digital innovation are transforming business
- ability to analyze innovation as a complex phenomenon located at different levels of analysis (individual entrepreneur, firm, national and global scale)
- 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
- digital and AI driven innovation and its responsible deployment
- international research and policy perspectives