Vorlesung: 02-VWL:MSc-V1-3 Lecture: Economics of Innovation - Details

Vorlesung: 02-VWL:MSc-V1-3 Lecture: Economics of Innovation - Details

Allgemeine Informationen

Veranstaltungsname Vorlesung: 02-VWL:MSc-V1-3 Lecture: Economics of Innovation
Untertitel
Veranstaltungsnummer 02-VWL:MSc-V1-3
Semester SoSe 2026
Aktuelle Anzahl der Teilnehmenden 38
Heimat-Einrichtung Industrieökonomie, Wettbewerbspolitik und Regulierung (VWL I)
Veranstaltungstyp Vorlesung in der Kategorie Lehre
Nächster Termin Do, 16.04.26, 14:00 - 16:00

Informationen für das eVV

Veranstaltungs- und Datumsinfo Weitere Informationen: http://www.uni-giessen.de/fbz/fb02/fb/professuren/vwl/goetz/lehre/lehrveranstaltungen-des-aktuellen-semesters/index_html/economics-of-innovation

Studierende der MA-Studiengänge können sich anhand der Äquivalenz-Tabelle über die relevanten Veranstaltungen informieren: http://wiwi.uni-giessen.de/dl/det/service-center/31568/pa_master_aequivalenztabelle-ma-auf-msc/

Studienbereiche/Modulzuordnungen

Kommentar/Beschreibung

Structure: Lecture + Tutorial
Rhythm: Summer semester
Credits: 6 CP
Course code: 02-VWL:MSc-V1-3
Language: English
Required work: Final exam (80 %) + Participation (15%) + Seminar (5%)
Lecturers: Univ.-Prof. Dr. Georg Götz
Possible Major: Economics, Management

Course Description:
This course gives an overview over the economic study of innovation and the production of new goods and services. Students will learn about the importance of the research and development activities of firms and how they are influenced by public policy in general and by the patent system in particular. The course introduces patent races, the economics of licensing, and the study of adoption and diffusion of new technology. A further topic concerns R&D cooperation with a focus on the working of Research Joint Ventures. Throughout the course we will discuss the Schumpeterian themes of the relation between market structure, firm size and innovation. The course will also evaluate current technology policy as implemented in various countries. A seminar-like part will conclude the course with various case studies of firms’ research and development activities and innovations with a special focus on the pharmaceutical sector. We will have industry experts discussing their experience.

o get a first impression on what the course is about, you might want to look at the introductory chapter of William M. Baumol's book "The free market innovation machine" - to be found at http://press.princeton.edu/chapters/s7310.pdf . For a starting point in the management literature see the collection on Top 10 Lessons on the New Business of Innovation from the MIT-Sloan Management Review 2011 (available within JLU network).

The preliminary schedule can be found under Ablaufplan. The slides for the respective lectures are available in the Download section (Dateien).

The recordings of the lecture from the past SS 2021 can be found on the chairs Youtube channel Economics2Go https://www.youtube.com/c/Economics2Go in the playlist Economics of Innovation https://youtube.com/playlist?list=PLaMyPT8Jkw7nrmy-E7dSA2WrrE__4P2dv .

Required work:
Final Exam
Assignments
Group paper and presentation

Literature:
Baumol, W. The Free Market Innovation Machine – Analyzing the Growth Miracle of Capitalism, 2002, Princeton University Press
Pepall, Richard, and Norman (PRN): Industrial Organization: Contemporary theory and practice South Western, 3rd edition. 2005, chapters 22-24.
Tirole, J.: The Theory of Industrial Organizatio,MIT Press 1988, ch.10
Stoneman, P. (ed.): Handbook of the Economics of Innovation and Technological Change ch. 1, 4, 5, 7, 11, 12.
Brownwyn Hall, Nathan Rosenberg (eds.) Handbook of the Economics of Innovation, Vol 1 and Vol. 2

This course will be held in English and in presence.