Recent Developments in Advanced Innovation Economics (Vorlesung)

Modul: 5209-511

Raum: HS 36

Zeit: Montag 12-14 Uhr

Short description:

 ‘Innovation Economics II’ introduces the master students into the most common methods of modern innovation economics. Due to the high degree of complexity of the phenomenon traditional tools from economics quickly come to their limits. In innovation economics the heterogeneity of actors is considered to be an important source for learning and innovation. The concept of a representative firm which optimizes its profits is not suited. Innovations trigger dynamic processes of entrepreneurship and structural change. The concept of economic equilibrium most often is not suited for the analysis of Schumpeterian competition. For this reason in innovation economics new tools were developed which allow dealing with heterogeneity, imperfect knowledge, non-linearities and dynamics. In this course we will introduce to simulation tools like agent-based models and social network analysis which fulfil to some extent the requirements from innovation economics.

Contents:

I. The methodological requirements of modern innovation economics

II. Numerical Models

II.1. System and Population Dynamics

II.2. Agent-Based Modelling

III. Network Analysis