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 (2019)

Please note that this module is not presented every year, but in alternate years. The module was presented in 2019 and will be presented again in 2021. 

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BER Weekly

18 January 2021
In short, last week’s local news headlines made for sombre reading. On the economic front, November manufacturing data surprised on the downside, although an upward revision to October’s print means that the sector is still on track for another sizeable positive contribution to quarterly GDP growth in Q4. The picture for Q1 is more muted after stage...

Read the full issue
 

Upcoming Seminars

No seminars are currently listed. Please check back soon.
 
More...

BER Weekly

18 January 2021
In short, last week’s local news headlines made for sombre reading. On the economic front, November manufacturing data surprised on the downside, although an upward revision to October’s print means that the sector is still on track for another sizeable positive contribution to quarterly GDP growth in Q4. The picture for Q1 is more muted after stage...

Read the full issue