Nov 22, 2024  
Rensselaer Catalog 2024-2025 
    
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Rensselaer Catalog 2024-2025
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ECON 4110 - Economics of Innovation and New Technologies

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.

 

Prerequisites/Corequisites: INQR 1200  or ECON 1200 , and MATH 1010  or MATH 1500 .

When Offered: Fall term annually.

Co-Listed: ECON 6110 

Credit Hours: 4


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