Economics Of Innovation

By Prof. Ruchi Sharma | IIT Indore

Learners enrolled: 1332 | Exam registration: 127

ABOUT THE COURSE:

The rapid innovation in the modern economy has increased the rate of production of knowledge goods. This course will introduce the students to the basic concepts like public goods and externalities. Following that, the participants will learn about the innovation types, innovation systems, incentive tools like intellectual property, technology transfer, and the role of academic institutions in the innovation ecosystem. The last part will focus on how innovation contribute to economic growth.

INDUSTRY SUPPORT: Consultancy firms

Summary

Course Status :	Completed
Course Type :	Elective
Language for course content :	English
Duration :	12 weeks
Category :	Economics
Credit Points :	3
Level :	Postgraduate
Start Date :	24 Jul 2023
End Date :	13 Oct 2023
Enrollment Ends :	07 Aug 2023
Exam Registration Ends :	18 Aug 2023
Exam Date :	29 Oct 2023 IST

Note: This exam date is subject to change based on seat availability. You can check final exam date on your hall ticket.

Page Visits

Course layout

Week 1: What is innovation; Innovation in the history of economics thought.

Week 2: Different types of innovation like drastic vs non-drastic innovation; disruptive innovation; user-based innovation; frugal and inclusive innovation;

Week 3: Technological innovation and the theory of firm

Week 4: Technological innovation and the theory of firm

Week 5: Innovation: A systems approach

Week 6: Intellectual property rights and innovation; Case of product patent introduction in India and its impact on innovation

Week 7: University research and public-private interaction; Case study of Silicon Valley in india

Week 8: Geography of innovation; MNCs and Internationalization of R&D

Week 9: Markets for technology and issues related to technology transfer; Financing R&D

Week 10: Innovation and economic development; Innovation and employment

Week 11: Diffusion of technology; Innovation in service sector

Week 12: Science, Technology, and Innovation policy; India’s STIP 2020 (Discussion on Draft Proposal)

Books and references

1. S. Scotchmer. Innovation and Incentives. Cambridge MA: MIT Press, 2004.
2. B. Hall and N. Rosenberg. Handbook of Economics of Innovation. Netherland: Elsevier,2010. Selected chapters.
3. W. D. Nordhus. Invention, Growth, and Welfare: A Theoretical Treatment of Technological Change. Cambridge, MA: MIT Press, 1969.
6. A. Arora, A. Fosfuri and A. Gambardella. Markets for Technology. Cambridge, MA: MIT Press, 2002.
7. J. Watal. Intellectual roperty Rights in the WTO and Developing Countries. New Delhi: Oxford University Press, 2001.
8. R. Basant. The Black Box: Innovation and Public Policy in India. India: Penguin Portfolio,2021
9. Atkinson, R.D. and Ezell, S.J., 2012. Innovationeconomics. Yale University Press.
10. Sources: Desai, A (1980), The origin and direction of Industrial R&D in India, Research Policy 9 (74-96)
11. Forbes, N. (1999), Technology and Indian industry: what is liberalization changing? Technovation, 19 (1999) 403–412
12. Forbes, N. (2016), India’s National Innovation System: Transformed or Half-formed, No. WP/16/01, CTIER Working Papers
13. Universities in the National Innovation Systems: Emerging Innovation Landscapes in Asia-Pacific, by V.V.Krishna in Journal of Open Innovation : Technology, Market and Complexity, 2019, 5, 43; doi:10.3390/joitmc5030043
14. Basant, Rakesh (2006), IT Clusters in India, IIM Ahmadabad, Working Paper, W.P. 2006-05-02
15. Dhanora, Madan, Ruchi Sharma and M. Jose. 2020. Two-way relationship between innovation and market structure: Evidence from Indian high and medium technology firms. Economics of Innovation and New echnology.29(2):147-168.
16. Jha, S.K., Dhanaraj, C. and Krishnan, R.T 2018). Arbitrage to Global Innovation: Evolution of Multinational R&D in Emerging Markets. Management International Review,58(4): 633-661.
17. Sharma, Ruchi, A. Paswan, S. Kumar and M. Dhanora, 2018. Impact of Patent Policy Changes on R&D Expenditure by Industries in India. Journal of World Intellectual Property. 21(1-2): 52-69.

Instructor bio

Prof. Ruchi Sharma

IIT Indore

Prof.Ruchi Sharma (PhD: IIT Kanpur; M.Phil. and M.A. (Economics) Panjab University, Chandigarh; U.G.C Doctoral Research Fellow) is a professor of Economics at Indian Institute of Technology Indore, India. She has worked at Tata Services Limited, IIT Delhi and held visiting position at IIM Indore. She was awarded Kusuma Young Faculty Incentive Fellowship at IIT Delhi. She has received funding from Indian Council of Social Science Research for different projects. She has also received best paper awards. Prof. Sharma’s research areas are Economics of Innovation, Patent Policy and Technology Transfer (FDI and Licensing). She has published research papers in international journals like Economics Modelling, Economics of Innovation and Technology, Journal of Economic Studies, Journal of World Intellectual Property, Journal of Developing Areas, Global Economic Review and World Patent Information. Prof. Ruchi Sharma has presented her research work in international conferences held at University of Illinois and Oxford University. She has received Best Teacher Award for large class at IIT Indore in 2020.

Course certificate

The course is free to enroll and learn from. But if you want a certificate, you have to register and write the proctored exam conducted by us in person at any of the designated exam centres.

The exam is optional for a fee of Rs 1000/- (Rupees one thousand only).

Date and Time of Exams: 29 October 2023 Morning session 9am to 12 noon; Afternoon Session 2pm to 5pm.

Registration url: Announcements will be made when the registration form is open for registrations.

The online registration form has to be filled and the certification exam fee needs to be paid. More details will be made available when the exam registration form is published. If there are any changes, it will be mentioned then.

Please check the form for more details on the cities where the exams will be held, the conditions you agree to when you fill the form etc.

CRITERIA TO GET A CERTIFICATE

Average assignment score = 25% of average of best 8 assignments out of the total 12 assignments given in the course.
Exam score = 75% of the proctored certification exam score out of 100

Final score = Average assignment score + Exam score

YOU WILL BE ELIGIBLE FOR A CERTIFICATE ONLY IF AVERAGE ASSIGNMENT SCORE >=10/25 AND EXAM SCORE >= 30/75. If one of the 2 criteria is not met, you will not get the certificate even if the Final score >= 40/100.

Certificate will have your name, photograph and the score in the final exam with the breakup.It will have the logos of NPTEL and IIT Indore .It will be e-verifiable at nptel.ac.in/noc.

Only the e-certificate will be made available. Hard copies will not be dispatched.

Once again, thanks for your interest in our online courses and certification. Happy learning.

- NPTEL team

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