Learning Outcomes
Based on the lecture Innovation Economics this course puts the focus on Innovation Policy aspects. In a first step, various economic justifications for government involvement in innovation activities will be presented with a focus on market and system failure aspects.
In a second step, the development of Innovation Policy initiatives at National, European and International level will be presented and analyzed. The course provides a general understanding of government´'s Innovation Policy as well as knowledge about specific Innovation Policy programs.
Students learn to understand developments in Innovation Policy and to discuss them critically. The general analytical abilities for Public Policy Management (instrument design, implementation and evaluation) are taught in an appropriate way. The contextual understanding of innovation policy also makes it possible to incorporate government regulation in business considerations.