Economics of Technical Change


Economics of Technical Change (Madlener, V2/Ü2, SS, economics competency, in English)

The course on economics of technical change targets technical development as the core of economic growth. In the age of computers and the Internet, the concept of technical change has reached a new dimension. This course explains how established economic theories and methods can be applied to analyze the information age, and to find parallels to earlier stages of development. To this end, an overview of recent research topics and developments in research is provided. Specific attention is paid to the influence of information and communication technologies (ICT) for innovation and productivity developments, which particularly include network effects. Further topics are knowledge as a public good, path dependency and lock-in effects, standardization, competition, intellectual property, patent statistics, general purpose technologies, software licensing concepts and policy aspects.