Coursebooks 2017-2018

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Economics of innovation in the biomedical industry

MGT-403

Lecturer(s) :

Foray Dominique
Mack Jan Alexander Karl
Piveteau Laurent-Dominique

Language:

English

Summary

This course uses the basics of microeconomic theory to address and develop the main economic issues about innovation in the biomedical sector (competition, monopoly and price formation, productivity crisis, knowledge access, neglected diseases, geography of innovation)

Content

The course alternates between the basic principles of microeconomics (consumer theory, production theory, State interventions on the markets, imperfect competition, public goods) and the economic fundamentals of innovation in the pharma/biomedical sector (price formation, intellectual property rights, etc..)

Keywords

Microeconomics, externality, public good, intellectual property right, imperfect competition, price formation

Learning Prerequisites

Required courses

no

Recommended courses

no

Important concepts to start the course

no

Learning Outcomes

By the end of the course, the student must be able to:

Transversal skills

Teaching methods

formal lectures; exercises (problem sets in microeconomics); discussions and debates

Expected student activities

Homeworks, final exam preparation

Assessment methods

two homeworks (problem sets in microeconomics) during the semester and one final exam

Resources

Bibliography

Provided during the course

Notes/Handbook

no

Websites
Moodle Link
Videos

Prerequisite for

no

In the programs

Reference week

 MoTuWeThFr
8-9     
9-10     
10-11     
11-12     
12-13     
13-14     
14-15     
15-16     
16-17     
17-18     
18-19     
19-20     
20-21     
21-22     
Under construction
 
      Lecture
      Exercise, TP
      Project, other

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  • Autumn semester
  • Winter sessions
  • Spring semester
  • Summer sessions
  • Lecture in French
  • Lecture in English
  • Lecture in German