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ES30098: Economics of innovation and entrepreneurship

Follow this link for further information on academic years Academic Year: 2019/0
Further information on owning departmentsOwning Department/School: Department of Economics
Further information on credits Credits: 6      [equivalent to 12 CATS credits]
Further information on notional study hours Notional Study Hours: 120
Further information on unit levels Level: Honours (FHEQ level 6)
Further information on teaching periods Period:
Semester 2
Further information on unit assessment Assessment Summary: CW 20%, EX 80%
Further information on unit assessment Assessment Detail:
  • Coursework (CW 20%)
  • Examination (EX 80%)
Further information on supplementary assessment Supplementary Assessment:
ES30098 - Resit Examination (where allowed by programme regulations)
Further information on requisites Requisites: Before taking this module you must take ES20011 AND take ES20013
Further information on descriptions Description: Aims:
To familiarize students with the microeconomic foundations of innovation and entrepreneurship. They will learn how to model economic policy issues associated with innovation and entrepreneurship and how to design public policy to address them accordingly.

Learning Outcomes:
By the end of this module, the students will be able to:
* Identify potential economic policy issues associated with entrepreneurship and innovation and design appropriate policy responses
* Explain the economic logic of public innovation policy
* Take a critical stance founded on economic logic on topical public debates. Examples include issues such as the anti-commons effect of patent protection or the desirability of public research subsides.

Skills:
Ability to develop logically rigorous arguments, Ability to apply economic theory, Ability to design economic policy.

Content:

* Incentives for innovation and entrepreneurship
* Economic policy to foster innovation
* Patents - Pros and Cons
* Optimal design of intellectual property rights
* Entrepreneurial risk taking and public policy
* Market structure and incentives for entrepreneurship
* Agency problems in research joint ventures
* Role of Basic vs applied research in the knowledge economy.
Students are encouraged to also take Growth Theory (ES30046). ES30046 takes the microeconomic concepts of innovation and entrepreneurship from the microeconomic perspective of ES30098 to the macroeconomic perspective of technological progress and economics growth.
Further information on programme availabilityProgramme availability:

ES30098 is Optional on the following programmes:

Department of Economics
  • UHES-AFB03 : BSc(Hons) Economics (Year 3)
  • UHES-AAB03 : BSc(Hons) Economics with Study year abroad (Year 4)
  • UHES-AKB03 : BSc(Hons) Economics with Year long work placement (Year 4)
  • UHES-AFB04 : BSc(Hons) Economics and Mathematics (Year 3)
  • UHES-AAB04 : BSc(Hons) Economics and Mathematics with Study year abroad (Year 4)
  • UHES-AKB04 : BSc(Hons) Economics and Mathematics with Year long work placement (Year 4)
  • UHES-ACB04 : BSc(Hons) Economics and Mathematics with Combined Placement and Study Abroad (Year 4)
  • UHES-AFB01 : BSc(Hons) Economics and Politics (Year 3)
  • UHES-AAB01 : BSc(Hons) Economics and Politics with Study year abroad (Year 4)
  • UHES-AKB01 : BSc(Hons) Economics and Politics with Year long work placement (Year 4)
  • UHES-ACB01 : BSc(Hons) Economics and Politics with Combined Placement and Study Abroad (Year 4)
  • UHES-ACB03 : BSc(Hons) Economics with Combined Placement and Study Abroad (Year 4)

Notes: