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About course

ME2711 Economics of Innovation 7.5 credits

Administer About course

Course offerings are missing for current or upcoming semesters.
Headings with content from the Course syllabus ME2711 (Spring 2015–) are denoted with an asterisk ( )

Content and learning outcomes

Course contents

  • Observation, interpretation, measurement and understanding of R&D, innovation and productivity
  • Creation and dispersion of technology and knowledge
  • Risk and funding of innovative activities
  • Innovation and technology policy

Intended learning outcomes

On completion of the course the students should be able to:

  • Understand the meaning of concepts such as R&D, technology, technology dispersion, markets for technology, invention, innovation, productivity.
  • Understand the importance of the innovation processes of the companies and the leverage effect that can be created by utilising industrial, regional and national innovation systems.
  • Show ability to understand the often complex nature of the innovative activities
  • Understand why funding of innovative activities can be a problem
  • Understand why the private return on investment on innovative activities is often lower than the social return on investment
  • Understand how innovative activities can be converted to new knowledge, technical changes and economical growth.
  • Understand the importance of the globalisation for innovative activities.

Literature and preparations

Specific prerequisites

At least 120 cr of higher ducation, of which at least 30 cr within industrial economics/mathematics/economics/statistics, and documented knowledge in English B or the equivalent

Recommended prerequisites

No information inserted

Equipment

No information inserted

Literature

Hall, B.H., Rosenberg, N. (2010), Handbooks in Economics: Economics of Innovation, North Holland

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

Examination

  • TEN1 - Exam, 5.0 credits, grading scale: A, B, C, D, E, FX, F
  • ÖVN1 - Assignments, 2.5 credits, grading scale: P, 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.

Opportunity to complete the requirements via supplementary examination

No information inserted

Opportunity to raise an approved grade via renewed examination

No information inserted

Examiner

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 room in Canvas

Registered students find further information about the implementation of the course in the course room in Canvas. A link to the course room can be found under the tab Studies in the Personal menu at the start of the course.

Offered by

Main field of study

Industrial Management

Education cycle

Second cycle

Add-on studies

No information inserted

Contact

Hans Lööf (hans.loof@indek.kth.se)

Supplementary information

Replaces AH2011