ECONOMICS OF INNOVATION
ECO3EIN
2020
Credit points: 15
Subject outline
Innovation is one of the fundamental sources of economic growth and development. It offers new opportunities, but its central role in a rapidly changing socio-economic environment also presents challenges to government agencies, organisations, firms and individuals alike. Digital technologies, organisational and social innovations continuously transform the modes of production, consumption and social interactions, defying our understanding of how economic systems work. In this subject you will examine the determinants and effects of innovation using various analytical and empirical economic frameworks. You will explore key elements in innovation such as research and development, property rights, market competition, technological and organisational change, innovative systems, as well as the impact of automation and digitalisation on the economy with special emphasis on the labour market. The main objective is to prepare you to be an active participant in the economic process of digital transformation, be aware of its challenges and make the most of the opportunities it presents.
School: La Trobe Business School (Pre 2022)
Credit points: 15
Subject Co-ordinator: Emmanuelle Walkowiak
Available to Study Abroad/Exchange Students: Yes
Subject year level: Year Level 3 - UG
Available as Elective: Yes
Learning Activities: Students will apply the skills and knowledge developed with their preparation for face-to-face classes, using the resources provided on LMS and assessed with the in-class exercises and final project.
Capstone subject: No
Subject particulars
Subject rules
Prerequisites: N/A
Co-requisites: N/A
Incompatible subjects: N/A
Equivalent subjects: N/A
Quota Management Strategy: N/A
Quota-conditions or rules: N/A
Special conditions: N/A
Minimum credit point requirement: N/A
Assumed knowledge: N/A
Career Ready
Career-focused: No
Work-based learning: No
Self sourced or Uni sourced: N/A
Entire subject or partial subject: N/A
Total hours/days required: N/A
Location of WBL activity (region): N/A
WBL addtional requirements: N/A
Graduate capabilities & intended learning outcomes
Graduate Capabilities
Intended Learning Outcomes
Melbourne (Bundoora), 2020, Semester 1, Blended
Overview
Online enrolment: Yes
Maximum enrolment size: N/A
Subject Instance Co-ordinator: Emmanuelle Walkowiak
Class requirements
Evidence Based LearningWeek: 10 - 22
One 2.00 hours evidence based learning per week on weekdays during the day from week 10 to week 22 and delivered via blended.
Assessments
| Assessment element | Category | Contribution | Hurdle | % | ILO* |
|---|---|---|---|---|---|
In-Class Exercises (equivalent to 1200 words) Formative assessment carried out in class. | Other | Individual | No | 20 | SILO1, SILO2, SILO3, SILO4 |
Group Presentation and written report (equivalent to 1000 words per student) Students work in groups of 3-4 to prepare and deliver a presentation and written report. | Oral presentation | Group | No | 30 | SILO1, SILO2, SILO3 |
Final Report (2000 words equiv) Opportunity to carry out in-depth study of a topic within scope of subject. Assessment criteria involves problem identification, application of economic concepts, issues for strategy/policy formulation & implementation, critical analysis & conclusion. | Report | Individual | No | 50 | SILO1, SILO2, SILO3, SILO4 |