Master's programme in Economics of Innovation and Growth
Innovation and entrepreneurship are prime factors behind value creation, economic prosperity and employment growth. These initiatives can take place on several levels – enterprise, regional and national –and lead to new businesses as well as increased competitiveness for those already established. The growing awareness of the importance of innovation among knowledge-based firms, financial markets and policymakers has created a demand for a programme which integrates aspects of technology, economics, financing and other related areas.
Economics of Innovation and Growth at KTH
The programme is focused on the economic aspects of the innovation process, for example the process of commercialising inventions. Innovations are created by trying to solve production problems and learning from experience, finding new and better ways of doing things, profiting from new markets, or sometimes just to satisfy curiosity. The intensity and direction of these activities are conditioned by laws, institutions, customs and regulations that affect their incentive and ability to appropriate rents from newly created technologies.
The first year starts with compulsory core courses, which provide in-depth knowledge in microeconomics, macroeconomics, economic growth, entrepreneurship and innovation, basic econometrics, firm and industry dynamics and globalization and trade. The second year consist of mandatory and conditionally elective courses followed by an individual degree project. Students who have successfully completed the programme and project, will then be awarded a Degree of Master of Science with a specialisation in Economics of Innovation and Growth.
The master programme aims to provide students with the analytical tools derived from modern economic theories. These include specialisation, diversification and dissemination of ideas and knowledge; innovation activities, international competition, trade and growth. Another objective is to make the students in the programme familiar with applied techniques for analysing, measuring and predicting specialisation, trade flows and price patterns in the context of a global economy, with dynamic competitive advantages and increasing returns.
The student will acquire comprehensive training in understanding and solving complex problems in modern economics, and in producing solid foundations for policy decisions by knowledge-based firms, financial markets and policymakers.
The programme allows for a broad spectrum of career opportunities within the private and public sector. Previous students can be found in banking, large multinational corporations, governmental agencies, consultancy companies, academia and entrepreneurial ventures.
Find out what students from the programme think about their time at KTH.
Faculty and research
Programme Director, Economics of Innovation and Growth
Our research focuses on the study of technological development, innovation, entrepreneurship, business dynamics, industrial dynamics, corporate finance and economic development. Our objective is to create and to transfer knowledge to students and among academic institutions and organizations within the private and public sector by conducting relevant theoretical and applied research; to facilitate this transfer of knowledge through the development of concepts, methods, practices, technologies and tools to assist managers, entrepreneurs and organizations create value. The theoretical base of our research is primarily influenced by economic disciplines (economics, business administration, and industrial economics) but also from e.g. sociology, history - economic as well as technical - and economic geography. We are using both quantitative well as qualitative and case based research methods. Our research is carried out in collaboration with international and national research centres.
Changes in the programme may occur.