EF4483 Economics and Finance of Innovation Management

Part I Course Duration: One Semester Credit Units: 3 Level: B4 Medium of Instruction: English Prerequisites: EF2401 Economics II or FB2401 Economics II Precursors: Nil Equivalent Courses: Nil Exclusive Courses: Nil Part II Course Aims: This course aims to enable students to contribute to business decisions related to investments in new technology by providing them with an understanding of the broader economic and financial context within which such decisions are made. Students will develop their communication skills through discussion in lectures and tutorials. Analytical and discovery skills of students are strengthened when they are required to describe the economics of firm behavior in these markets and come up with models to evaluate new product innovations. Course Intended Learning Outcomes (CILOs) Upon successful completion of this course, students should be able to: No. CILOs Weighting (if applicable) 1. Describe the basic economics of firm behavior in competitive markets and in situations of strategic rivalry that would influence decisions about technological development. 25% 2. Analyze the special features of investments in research and development (R&D) as a strategy for firms, with particular reference to firms in the Asia-Pacific region, and in the process discover how successful firms achieve their impressive returns from their investments in R&D. 25% 3. Analyze the role of government in the support of technological development and develop creative proposals on how firms could obtain such funding. 25% 4. Evaluate returns on investment projects, including high risk projects, using NPV, and other appropriate methods. 25% Teaching and Learning Activities (TLAs) (Indicative of likely activities and tasks designed to facilitate students’ achievement of the CILOs. Final details will be provided to students in their first week of attendance in this course) CILO No. TLAs Hours/week (if applicable) CILO 1 Lecture/tutorial 3 CILO 2 Lecture/tutorial 3 CILO 3 Lecture/tutorial 3 CILO 4 Lecture/tutorial 3 Assessment Tasks/Activities (Indicative of likely activities and tasks designed to assess how well the students achieve the CILOs. Final details will be provided to students in their first week of attendance in this course) CILO No. Type of Assessment Tasks/Activities Weighting (if applicable) Remarks CILO 1-4 Coursework 50%   CILO 1-4 Examination  (2 hours) 50%   Grading of Student Achievement : Letter Grade Grade Points Grade Definitions Remarks A+ A A- 4.3 4.0 3.7 Excellent Strong evidence of knowing how to apply concepts and models explained in class. Students have demonstrated very strong overall ability to discover and innovate, and shown very strong evidence of accomplishments of discovery. B+ B B- 3.3 3.0 2.7 Good Evidence of knowing how to apply concepts and models explained in class. Students have demonstrated strong overall ability to discover and innovate, and shown strong evidence of accomplishments of discovery. C+ C C- 2.3 2.0 1.7 Adequate Some evidence of knowing how to apply concepts and models explained in class. Students have demonstrated some ability to discover and innovate, and shown satisfactory evidence of accomplishments of discovery. D 1.0 Marginal Basic familiarity with the subject matter in examinations but unsatisfactory performance in examination and group project. Students have demonstrated marginal ability to discover and innovate, and shown marginal evidence of accomplishments of discovery. F 0.0 Failure Little evidence of familiarity with the subject matter in all forms of assessment methods. Students have demonstrated little evidence of ability to discover and innovate, and shown little evidence of accomplishments of discovery. Part III Keyword Syllabus: Economics and technical progress. Assessing and managing risk. Basic economics of innovation. Strategic rivalry. Project evaluation and investment decisions. Organizational aspects of innovation management. World trends in technological innovation. Public policy and technical change.