Economics of Innovation, 7.5 credits

Main field of study with advanced study

Bachelor's degree in Engineering or the equivalent of 180 Swedish credit points or 180 ECTS credits at an accredited university, and Industrial Management 15 credits on first level. English 6. Exemption of the requirement in Swedish is granted.

The course is included in Master's Programme (120 credits) in Industrial Management and Innovation.

The aim of the course is to enable students to describe, analyze and explain how industries and business networks develop, change as well as what the consequences for industrial activities would be.

Following successful completion of the course the student should:

Knowledge and understanding

• identify and describe basic economic concepts in relation to innovation at micro, meso and macro level
• develop understanding of dynamics and complexity in the interplay between innovation and economic development

Skills and ability

• demonstrate ability to describe, summarize and relate different fields of knowledge to each other, and assess differences and similarities between them.
• demonstrate ability to systematically search within a broad scope of material, and independently evaluate and critically review relevant knowledge within an area of management and economics of innovation.
• demonstrate ability to work in teams and present results orally and in writing

Judgement and approach

• independently and systematically plan and perform analysis of relevant concepts, models and methods in relation to innovation at micro, meso and macro level
• critically and systematically assess contemporary academic research in the area of management and economics of innovation discuss the most recent research

The course tackels concepts and phenomena which help to analyse innovation on meso, (macro) and micro-level, and capture how industries and business network develop and change as well as what the consequences for industrial operates would be.

The course's overarching theme is to relate and contrast different concepts with each other. Students would systematically review the research in different streams in management and economics of innovation. Examples of themes in this research streams are complexity and dynamism of innovation as well as how companies learn from experience, interaction in innovation systems and research and development (R & D) efforts, strategic interaction around commercialization of new technology. Students would perform a comprehensive, systematic search of information in databases and independently review and summarize the literature in a selected field within management and economics of innovation. Students will search for particular directions and perspectives in the field and present the result in a report. Students must also present his/her work orally and prepare oppositions on other fellow students’ work.

Teaching consists of lectures, seminars and workshops.

Examination consists of presentation and discussion of seminar papers (written reports) written individually or in groups

If there are special reasons, the examiner may make exceptions from the specified examination format and allow a student to be examined in another way. Special reasons can e.g. be study support for students with disabilities.

Course evaluation is part of the course. This evaluation offers guidance in the future development and planning of the course. Course evaluation is documented and made available to the students.