Skip to main content

ME2032 Economics of Industrial and Technical Transformation 6.0 credits

This course offers the basic tools – primarily economic – for analyzing industrial and technical change on all systems levels and is a starting point for further studies in Industrial Dynamics.

Course offering missing for current semester as well as for previous and coming semesters
Headings with content from the Course syllabus ME2032 (Autumn 2009–) are denoted with an asterisk ( )

Content and learning outcomes

Course contents

The starting point for this course is economic analysis of direct relevance for understanding industrial and technical change. In addition to a short introduction to the microeconomic foundations of economic theory the course introduces basic concepts within the knowledge area (discipline) of industrial dynamics like innovations, innovation systems, development blocs, industrial clusters, entrepreneurship, technical change/transformation/diffusion, path dependence, etc. The main foundation for the course is innovation economics with strong connection to evolutionary and institutional economic theory which is also introduced during the course. In addition the course contains moments with connection to disciplines like history of technology, economic history and economic geography. During the course processes of industrial and technical change/transformation are studied on different systems levels e.g. firm level as well as on industry or technology level.

The teaching consists of lectures and seminars. One seminar may be in the form of a study visit.

Intended learning outcomes

The aim of the course is to:

- provide basic knowledge on the economics of industrial and technical change/transformation

- provide instruments to analyze innovation processes inside and outside firms and the interplay between the firm and its context

-provide the knowledge foundation for advanced studies of, and action in, environments characterized by rapid industrial and technical change

Course disposition

No information inserted

Literature and preparations

Specific prerequisites

Basic skills (First-level courses) in industrial economics/management, e.g. course ME1300/4D1123 or equivalent.

Recommended prerequisites

Basic course in Industrial management, or similar


No information inserted


Basic text on microeconomics (may be a compendium)

Compendium on Industrial Dynamics with selected papers

Examination and completion

If the course is discontinued, students may request to be examined during the following two academic years.

Grading scale

A, B, C, D, E, FX, F


  • SEM1 - Seminars, 1.5 credits, grading scale: P, F
  • TEN1 - Examination, 4.5 credits, grading scale: A, B, C, D, E, FX, F
Based on recommendation from KTH’s coordinator for disabilities, the examiner will decide how to adapt an examination for students with documented disability.

The examiner may apply another examination format when re-examining individual students.

Other requirements for final grade

Active participation in seminars and approved delivery of seminar/working papers. Approved written final examination (may be in the form of an home examination).

Opportunity to complete the requirements via supplementary examination

No information inserted

Opportunity to raise an approved grade via renewed examination

No information inserted


Ethical approach

  • All members of a group are responsible for the group's work.
  • In any assessment, every student shall honestly disclose any help received and sources used.
  • In an oral assessment, every student shall be able to present and answer questions about the entire assignment and solution.

Further information

Course web

No information inserted

Offered by

Main field of study

Industrial Management

Education cycle

Second cycle

Add-on studies

One or several of the courses on the Industrial dynamics Track:
ME2034 Mgmt of New Technology and Ind. Creativity
ME2033 Industrial Dynamics and Technical Change
ME2035 Globalization of Ind. & Techn – advanced course
ME2034 Industrial Dynamics – advanced course


Bo Karlson, (

Supplementary information

Established 2006-05-25 

Replaces 4D1053

Replaced by ME1032.