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This module will make you familiar with the significant issues of the economics of technological change and innovation and strategic technology management. The topics chosen are the most critical issues from an empirical point of view. You will:

• Understand how innovation impacts the economy at macro (growth), mezzo (industry level) and micro levels (firms and consumers)

• Be able to critically assess various types of analyses in the area of innovation and actively take part in independent analysis;

• Acquire experience of working in a team on analysis in the areas of technology management and policy;

• Acquire a critical awareness of current issues in strategic management of technology at the firm and macro-level including issues of direction of technological change and its sustainability

The module will cover the following topics, which may be subject to variation depending on developments in academic research and the interests of the class:

• Technology, innovation and economic growth: key concepts
• Measuring innovation and technical change
• Patterns of innovation and dynamics of technical change and innovation
• Micro-economics and management of innovation
• Innovative firm and industry dynamics
• Innovation and the consumer
• Technology diffusion and international technology transfer
• Technology, sustainability and environment
• Innovation policy: rationales and comparative perspectives
• Technology, innovation and structural change in Europe and post-transition economies

Teaching Delivery

Ten lectures of 1 hour each and 1-hour tutorial each week to deepen understanding of the critical issues. Parts of lectures will be flipping sessions based on short papers or parts of papers.

Tutorials are presentations by students based on the list of topics followed by group discussion. Tutorials aim to master concepts introduced in lectures and show the capacity to present key ideas from research papers in the economics of innovation.

In group projects students will access and use in assignments broadly defined innovation indicators databases

Enrolment on this module is restricted to students which have completed Introduction to Microeconomics and Introductory Statistical Methods

By the end of the module, you should be able to:

• Learn to analyze, synthesize and critically use various indicators of technical change and innovation;

• Understand major patterns of dynamics of technical change and evaluate ongoing structural changes within that context;

• Learn major strategic issues involved in technology management at an organisational level including in open and collaborative innovation;

• Learn how technology transitions are shaped by socio-economic factors and their mutual interactions including issues involved in the transition to sustainability;

• Understand the significant models of technology diffusion and factors involved in their design

• Understand different rationales and various approaches in technology and innovation policy and how these options reflect different criteria used by different stakeholders.