This course can be taken in two different versions.

The version E350E454A consists only of the lecture. Students may visit the lecture and the tutorial (no compulsory attendance) and have to hand in the four obligatory assignments (in groups). The number of ECTS in this version amounts to 6. There is no application procedure for E350E454A.

The version E350E454B additionally includes a colloquium (obligatory attendance). Students may visit the lecture and the tutorial (no compulsory attendance); they have to hand in (in groups) the four obligatory assignments, to visit each session of the colloquium and give a presentation in the colloquium. The number of ECTS in this version amounts to 9. There is an online registration procedure for E350E454B (see below).

Innovation is the main driving force of the development of firms, industries and economies. The causes and effects of innovation cannot be explained in a satisfying way by focusing on only one of these levels. The lecture therefore provides an integrated bottom-up analysis of the innovation process, starting at the microeconomic firm level (innovation management), moving on to the industry level (innovation competition), the aggregate macroeconomic level (innovation and economic evolution), and finally the global level (innovation and international trade).