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Advanced topics in the economics of innovation
Titulaire(s) du cours
Elise Petit (Coordonnateur)Crédits ECTS
5
Langue(s) d'enseignement
anglais
Contenu du cours
Part 1: Main lectures
1 - Introduction
What is an innovation ? How is it characterized and measured ? What is the current innovation landscape ?
2 - Economics of innovation
What are the foundational economic theories around innovation ? Schumpeter, Arrow, Solow, Romer, Aghion
3 - Intellectual Property rights
What can be protected, how, at what cost, where ? What are the main current challenges ?
4 - Health innovations
What are the specificities of health innovations ? What is and is not patentable ? How do patent protections interact with regulatory mechanisms ?
Part 2: Referee report and discussions
Class discussions over recent papers addressing topics introduced in the lectures, structured as a "referee report" type of feedback.
Examples of topics: how health innovations are valued, priced, and reimbursed; how firms use regulatory mechanisms to extend market power; orphan-drug specificities; how firms use patent law to prolong effective monopoly and how competition authorities respond; how AI reshapes the R&D production function or the power dynamics across biotechs and BigPharma; ...
Part 3: Student presentations
Individual presentations on recent working papers addressing one of the topics discussed in the class. It can be applied or theoretical.
The exact schedule will be set once the class size is fixed.
Objectifs (et/ou acquis d'apprentissages spécifiques)
By the end of the course, students should be able to:
- characterize innovation, and situate it within the foundational economic theories of innovation and growth
- understand how IP rights are designed, obtained, and enforced
- understand the specificities of health innovations and how they are impact by both IP law and health regulations
- search the academic literature
- critically read and discuss academic papers discussing innovation economics
Pré-requis et Co-requis
Connaissances et compétences pré-requises ou co-requises
Undergraduate courses in microeconomics, industrial organization, and econometrics.
Méthodes d'enseignement et activités d'apprentissages
Part 1 consists of four main lectures covering the theoretical and institutional foundations of innovation economics. Course slides are posted weekly.
Part 2 consists of class discussions in which active participation and prior reading is required (but selected by the instructor).
Part 3 consists of individual student presentations on academic papers selected by students, in consultation with the instructor.
Références, bibliographie et lectures recommandées
Communicated weekly in the course slides.
Support(s) de cours
- Université virtuelle
Autres renseignements
Contacts
elipetit@ulb.be
Campus
Solbosch
Evaluation
Méthode(s) d'évaluation
- Evaluation continue
- Examen oral
- Présentation orale
- Autre
Evaluation continue
Examen oral
Présentation orale
Autre
Individual presentation (referee report style)
Oral exam: open-ended questions
Construction de la note (en ce compris, la pondération des notes partielles)
The exact weight of each part will be confirmed once class size is fixed.
40% Individual presentation, 40% oral exam, 20% class participation.
Langue(s) d'évaluation
- anglais