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May 04, 2024
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Undergraduate/Graduate Catalog 2020-2021 [ARCHIVED CATALOG] See drop-down menu above to access other catalogs.
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ECON 382 - Economics of Innovation(3 credits)
Prerequisite: ECON 201 and ECON 205 and ECON 210; or consent of instructor
This course examines the economic impact of innovation on individuals, businesses, markets and global economies. Various examples of innovation will be studied: including new financial products and technology; the use of robots at work and in the home; transportation advances such as drones and self-driving cars; entrepreneurship and the “gig” economy; and the growing impact of the Internet and electonic communications on people’s lives. Concepts of utility and profit maximzation, property and privacy rights, and the role of government will be considered throughout, with an emphasis on cost-benefit analysis. Offered annually.
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