MGT-303 / 2 credits
Teacher: de Rassenfosse Gaétan Jean A
This class will provide students with an understanding of some real-world issues related to the "knowledge economy." Why should we innovate as a society? Why innovation doesn't just happen and how can the government help firms innovate? We will answer these questions and others using economic tools.
- A macroeconomic perspective: innovation and economic growth
- A microeconomic perspective: knowledge and market failures
- A policy perspective: tools to encourage innovation
- An empirical perspective: some landmark findings in the field
Economics; Science, Technology and Innovation; Knowledge; Policy
No prerequisite needed
Other courses of the SHS program in Management and Finance for future Engineers would be a plus
Important concepts to start the course
Students are not expected to know economic concepts before taking this course.
By the end of the course, the student must be able to:
- Define some economic concepts
- Explain real-world issues related to innovation
- Demonstrate basic economic results
- Demonstrate the capacity for critical thinking
- Take account of the social and human dimensions of the engineering profession.
Formal lectures with handouts.
Expected student activities
Students are expected to actively participate and engage in class discussion
Midterm (accounting for 40% of the final grade)
Final exam (during the semester, accounting for 60% of the final grade)
Both exams will involve an individual essay to write at home during the session.
Virtual desktop infrastructure (VDI)
No reference books needed. Handouts are self contained.
In the programs
- Semester: Spring
- Exam form: During the semester (summer session)
- Subject examined: Economics and applied econometrics of innovation
- Lecture: 2 Hour(s) per week x 14 weeks