Courses offered in English Language
| Course name | Innovation Economics | |
| Lecturer, Professorship | Prof. Dr. Torsten Heinrich, Chair of Microeconomics |
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| Term | Winter | |
| Course level | Graduate (Master) | |
| CP (ECTS) | 5 | |
| Course description | The course covers economic aspects of technology, innovation, and industrial origanization, including theoretical and economic policy perspectives. The course presents equilibrium economics approaches to modeling and estimating technological progress, before turning to solutions beyond equilibrium economics. In particular, it discusses dynamical modeling of competition and technological change in replicator dynamics. Another focus of the course will be the economic theory of intellectual property rights, patents, and innovation incentives. Modern information economics and its peculiarities and their representation in economic models serve as an application at the end of the course: Why can open-source software be provided entirely without payment or any other compensation? Is using online social networks (Facebook, Linkedin, etc.) indeed free? Does software piracy and filesharing indeed cause damages to the music, film, and software sectors? Could artificial intelligence indeed completely replace human labour? And what would be the consequences of that? | |
| Further information on the course | You can find further information on the chairs website |
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| Sign-up procedure | You will find more information as well as the link for the registration on OPAL. |
