Economics of Technology

Technological change in its many facets is central to an understanding of economic growth; yet, it was not always recognised as such. This module aims to study this key variable at the heart of the dynamics of industrial systems. The course will include theoretical as well as applied aspects, such as the determinants and consequences of technological innovation, its diffusion in the economic system, innovation strategies, the structure and dynamics of high technology industries, the role of institutions and national systems of innovation, and the importance of technological change for developing countries. The perspectives of both neoclassical and evolutionary economics will be studied.

Upon completion of the course, students should have a thorough understanding of the relationship between technological change and the dynamics and evolution of industries, firms' performance and growth and countries' competitive advantages.

Course instructor: Rachel Jafta

Work programme

Please note that this module is not presented every year, but in alternate years. The module is presented in 2017 and will be presented again in 2019. 

BER Weekly

19 February 2018
It was a dramatic week on the local front with the resignation of former President Jacob Zuma, the swearing in of a new president, Cyril Ramaphosa, and the State of the Nation Address (SONA) on Friday. This follows weeks of speculation following Ramaphosa's ascension to the position of ANC president last December. In this edition of the weekly review,...

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