Economic History: Economics of Innovation

<p>Innovation drives growth - and shapes the future. This course gives you the tools to understand how innovation happens, why it matters, and how it connects to economic development across regions and industries.</p><p>Economics of Innovation explores how new ideas and technologies fuel economic growth. You’ll learn how innovation emerges, spreads, and transforms industries and societies. The course focuses on the role of institutions, market structures, and regional dynamics in shaping innovation.</p><p>You’ll study key concepts like national and regional innovation systems, intellectual property rights, and the impact of competition on innovation. Topics include radical innovations, general purpose technologies and how innovation links to long-term growth.</p><p>The course also covers how innovation is measured and classified, and how policies - such as standards, prizes, and patents - can encourage or hinder progress. You’ll learn to critically assess innovation strategies and understand their broader economic implications.</p><p>Whether you're curious about entrepreneurship, policy or economic change, this course helps you see innovation not just as invention - but as a powerful force in shaping the world.<br/></p>