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2016/2017  KAN-CCMVV2405U  Economics of Innovation and Intellectual Property

English Title
Economics of Innovation and Intellectual Property

Course information

Language English
Course ECTS 7.5 ECTS
Type Elective
Level Full Degree Master
Duration One Semester
Start time of the course Autumn
Timetable Course schedule will be posted at calendar.cbs.dk
Study board
Study Board for MSc in Economics and Business Administration
Course coordinator
  • Cédric Schneider - Department of Economics (ECON)
Main academic disciplines
  • Finance
  • Economics
Last updated on 05-04-2016
Learning objectives
To achieve the grade 12, students should meet the following learning objectives with no or only minor mistakes or errors:
  • demonstrate an understanding of the concepts and theories introduced in the course
  • identify economic issues in actual cases of innovation, technology and Intellectual property
  • apply the concepts and theories introduced in class to these cases
  • analyze the economic problems in these cases, and draw policy (or welfare) implications
Course prerequisites
The course assumes familiarity and completed bachelor courses in economics, Industrial Organization and basic quantitative methods. The necessary key concepts will be reviewed if necessary.
Economics of Innovation and Intellectual Property:
Exam ECTS 7,5
Examination form Written sit-in exam
Individual or group exam Individual exam
Assignment type Written assignment
Duration 4 hours
Grading scale 7-step scale
Examiner(s) One internal examiner
Exam period Winter
Aids allowed to bring to the exam Closed book: no aids
Make-up exam/re-exam
Same examination form as the ordinary exam
If the number of registered candidates for the make-up examination/re-take examination warrants that it may most appropriately be held as an oral examination, the programme office will inform the students that the make-up examination/re-take examination will be held as an oral examination instead.
Course content and structure

Ideas and innovation have become the most important resource in today's economy. Successful firms should know how to recognize, manage and generate technological innovation for sustained competitive advantage.

The course aims at providing the students with a comprehensive understanding of the origins, dynamics and consequences of innovation and intellectual property from an economic perspective.

The objective of the course is to offer students a deeper understanding to some of the most topical and relevant topics (from an academic, policy and business perspective) surrounding innovation and intellectual property.

The course will start by examining the nature and importance of innovation, technological change and intellectual property; the impact of innovation on productivity and national economic performance; and the relationship between innovation, market structure and entrepreneurship.

The course will also cover recent events related to intellectual property, such as the debate on software and pharmaceutical patents, patent litigation involving patent trolls, standard essential patents, and the importance of patents for green technologies.

The course material varies substantially across topics; it is both theoretical and empirical.


The course’s development of personal competences: 
The students will gain competences in:

-       reading and analyzing scientific literature

-       analytical skills

-       identifying, developing and evaluating policies to promote innovation

-       analyzing successful innovation practices

-       case analysis related to the economics of innovation

Teaching methods
Student workload
Preparation and exam 173 hours
Classes 33 hours
Expected literature

Greenhalgh, C. and Rogers, M., “Innovation, Intellectual Property, and Economic Growth”, Princeton University Press, 2010


Maurer, M. and Scotchmer, S. "Procuring Knowledge", Advances in the Study of Entrepreneurship, Innovation and Economic Growth,Volume 15, (2004), 1–31


Scherer, F. “Firm Size, Market Structure, Opportunity, and the Output of Patented Inventions”, The American Economic Review, Vol. 55, No. 5, (1965), pp. 1097-1125


Scotchmer, S., "Standing on the shoulders of giants: Cumulative research and the patent law", The Journal of Economic Perspectives, 5(1), (1991), 29-41


Stiglitz, J. "Economic foundations of IPRs", Duke Law Review, (2008), Vol. 57, 1692-1724

Last updated on 05-04-2016