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Economics of Technology and Innovation

WZ0041Specialization in Management5 ECTSEnglishwinter semesterLehrstuhl für Produktions- und Ressourcenökonomie landwirtschaftlicher Betriebe (Prof. Sauer, Joint Appointment der TUM School of Management und TUM School of Life Sciences)
AI-edited module sheet. Based on the TUMonline module description, edited for readability.Original in TUMonline

What it is about

You learn how technological innovations emerge, why they spread (or not) and what economic, social and ecological effects they have. In the end you can select and apply central theoretical and empirical methods for the analysis of innovation and technology topics, and critically evaluate research results.

What you will be able to do

  • Grasp the basic concepts of technology and its role in economic development
  • Understand socio-economic effects of agricultural innovations
  • Identify reasons for delayed or incomplete diffusion of innovations
  • Select and apply suitable economic methods for the analysis of technology and innovation
  • Critically evaluate journal articles on the economics of technology, innovation and adoption
  • Assess whether research designs can identify effects or determinants of technology adoption
  • practice the practical implementation of selected research designs
  • Identify research questions that make a relevant contribution to the economics of innovation

What the module consists of

  • Vorlesung (2 SWS)Theoretical concepts and methodological foundations; exercises and application tasks
  • Seminar/Präsentationen (2 SWS)Students present journal articles (~15 min) and discuss them; deepening and application of lecture material

Teaching method

  • Tafel- und PowerPoint-VorlesungenBuilding the necessary knowledge base in innovation and technology economics
  • Group work in presenceApplication to realistic problems under supervision of the instructor
  • Discussion of scientific articlesDeepening understanding and promoting independent literature study
  • Student presentationsPractice in critical engagement with current research
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Official page in TUMonline · Details are not binding.