The student will develop an introductory understanding of the economics of technological innovation. No calculus or other advanced mathematics is required to follow the course lectures. Appropriate paper topics will be discussed in the second week of class. Pop quizzes, taken in hour, on previous lecture or reading material.
Exams assume knowledge of both lectures and reading material.
Other readings are available on Closed Reserve, or may be handed out by the instructor, as required. Freeman and Soete, Chapters 1 and 9 Scherer and Ross, Industrial Market Structure and Economic Performance , 3rd ed. 97-140, and Chapter 17, pp. Dynamic Effects , pp. International standard setting in practice - ISO, technical barriers to trade, etc.