Economics of Innovation

Catalog description

The course covers a broad range of topics from the business, economics, and social sciences literature of the creation, management, and diffusion of innovations in society. Institutions engaged in the production and dissemination of knowledge are examined in the course. The roles of private and public investments in R&D, joint ventures, market competition, and intellectual property rights are explored. Special emphasis is placed on how firms link technology and strategies to achieve goals and objectives, as well as the impact of innovation on society as a whole. Prerequisite(s): Undergraduate level EC 2040 Minimum Grade of C and Undergraduate level EC 2050 Minimum Grade of C and Graduate level MBA 5200 Minimum Grade of C