The Economics of Science & Technology

Teaching Hours and Credit Allocation: 16 hours, 3 credits
Course Assessment: Coursework + Exam


The aim of this course is to provide an introduction to basic concepts in economics and enable students to understand the principles of science and technology and their implications for managing a business in this sector. This is an interdisciplinary course, drawing on the work of scholars in the fields of economics, public policy, sociology and management.

Learning Outcomes

By the end of this course you should be able to:

  • Understand the basic concepts in economics;
  • Learn the fundamentals of science and technology;
  • Understand the value of intangible assets (e.g. patents);
  • Assessing the value of innovation.


  • Principles of economics
  • Thinking like an economist
  • Fundamental concepts in science and technology
  • The history of science, technology, and economic growth
  • Economic growth and technological change
  • R&D activity in firms
  • Barriers to technology and market failure
  • Intellectual Property & the Patent System