ECF5050 - Economics of innovation and high technology

Offered

Not offered in 2009

Synopsis

This unit examines application of advanced economic theories and analytical tools to innovation processes and high technology product markets. Topics to be covered include: consumer behaviour with regard to high technology and information products; costs, market structures, and competition in high technology and information product markets; product quality and life circle; switching costs and network effects in consumers' and producers' decision making with regards to innovation and high technology products; economic aspects of intellectual property rights.

Assessment

Within semester assessment: 50%
Examination (3 hours): 50%.

Contact hours

3 hours per week

Prerequisites

ECF4100 or ECC4650 or equivalent

Prohibitions

ECW2123