Introduction to Innovation Economics

The course aims to introduce students to basic characteristics of the economics of innovation. Today’s economic growth is increasingly driven by knowledge-based societies along with capital. We will look at how economic and business principles affect innovative ideas. The concept of innovation will be discussed from both a firm’s and an individual innovator’s perspective. The lectures/discussions will be based on academic material, case studies and personal discussions. The main focus is on helping students understand how innovators can translate their ideas into money. The course might involve a teamwork-based assignment, which is a subject to the number of students taking the class. The course is highly beneficial for those who intend to study business, economics, engineering or computer sciences.