Technological innovation is responsible for most economic growth and is crucial to deal with major societal concerns. This course examines the economics of innovation and new technologies. It shows how technologies are created and put to use, from basic science through invention and development to diffusion and practical use. Additional topics include R&D determinants, sources of innovation, product improvement, cost reduction, incentivizing and stimulating innovation, patents, evolution of innovation and technology, innovative competition in industry, and the national innovation environment.
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