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. 

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BER Weekly

18 September 2017
Data reported on the domestic economy last week covered the current account balance for Q2, as well as retail and wholesale sales in July. Accordingly, SA registered its third consecutive trade surplus in the second quarter. Despite this improvement on the back of higher commodity prices, transfer payments to the Southern African Customs Union (SACU)...

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Upcoming Seminars

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

BER Weekly

18 September 2017
Data reported on the domestic economy last week covered the current account balance for Q2, as well as retail and wholesale sales in July. Accordingly, SA registered its third consecutive trade surplus in the second quarter. Despite this improvement on the back of higher commodity prices, transfer payments to the Southern African Customs Union (SACU)...

Read the full issue