Martin Wörter: Catalogue data in Autumn Semester 2024 |
| Name | Prof. Dr. Martin Wörter |
| Address | KOF Konjunkturforschungsstelle ETH Zürich, LEE F 111 Leonhardstrasse 21 8092 Zürich SWITZERLAND |
| Telephone | +41 44 632 51 51 |
| woerter@kof.ethz.ch | |
| Department | Management, Technology, and Economics |
| Relationship | Adjunct Professor |
| Number | Title | ECTS | Hours | Lecturers | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| 351-1109-00L | Introduction to Microeconomics GESS (Science in Perspective): This course is only for students enrolled in a Bachelor’s degree programme. Students enrolled in a Master’s degree programme may attend “Principles of Microeconomics” (LE 363-0503-00L) instead. Note for D-MAVT students: If you have already successfully completed “Principles of Microeconomics” (LE 363-0503-00L), then you will not be permitted to attend it again. | 3 credits | 2G | M. Wörter, M. Beck | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Abstract | The course introduces basic principles, problems and approaches of microeconomics. It describes economic decisions of households and firms, and their coordination through perfectly competitive markets. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Learning objective | Students acquire a deeper understanding of basic microeconomic models. They acquire the ability to apply these models in the interpretation of real world economic contexts. Students acquire a reflective and contextual knowledge on how societies use scarce resources to produce goods and services and distribute them among themselves. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Content | Market, budget constraint, preferences, utility function, utility maximisation, demand, technology, profit function, cost minimisation, cost functions, perfect competition, information and communication technologies | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Lecture notes | Course material in e-learning environment https://moodle-app2.let.ethz.ch/auth/shibboleth/login.php | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Literature | Varian, Hal R. (2014), Intermediate Microeconomics, W.W. Norton | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Prerequisites / Notice | This course "Einführung in die Mikroökonomie“ (363-1109-00L) is intended for Bachelor students and LE 363-0503-00 "Principles of Microeconomics" for Master students. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Competencies |
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| 363-1036-00L | Empirical Innovation Economics Does not take place this semester. | 3 credits | 1G | M. Wörter | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Abstract | The course focuses on important factors that drive the innovation performance of firms, like innovation capabilities, the use of digital technologies, environmental and innovation policy and it shows how innovation activities relate to firm performance and to the technological dynamic of industries. We also discuss the implications of the findings for effective economic policy-making. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Learning objective | The course provides students with the basic skills to understand and assess empirically the technological activities of firms and the technological dynamics of industries. In addition, the aim is to promote the understanding of the essential criteria for innovation policy-making. Personal and social skills are also addressed during the course. In particular, there is the possibility to improve communication and presentation skills, the ability to develop arguments for the positions of political representatives, policy-makers, pressure groups, or NGOs in connection with innovation policy-making. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Content | The course consists of two parts. Part I provides an introduction into important topics in the field of the economics of innovation. Part II consists of empirical exercises based on various firm-level data sets, e.g., the KOF Innovation data, data about the digitization of firms, data about environmentally friendly innovations, or patent data. In part I, we will learn about ... a) market conditions that encourage firms to invest in R&D (Research and Development) and develop new products and processes. ... b) the role of competition and market structure for the R&D activities of companies. ...c) how digital and environmentally friendly technologies diffuse among firms. ...d) how the R&D activities of firms are affected by economic crises and how firms finance their R&D activities. ...e) how we can measure the returns to R&D activities. ...f) how environmental policies and innovation policies affect the technological activities of a firm. In part II we will use the KOF Innovation Survey data, patent data, data on digitization of firms, or other longitudinal data sources, to investigate empirically the technological activities of firms in relation to the topics introduced in part I. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Lecture notes | Will be provided in the course and in the e-learning environment: https://moodle-app2.let.ethz.ch/course/view.php?id=15120 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Literature | Literature will be presented in the course. For an introduction into the economics of innovation see G.M. Peter Swann, The Economics of Innovation - an Introduction, Edward Elgar, 2009. For an overview of empirical innovation studies see W.M. Cohen (2010): Fifty Years of Empirical Studies of Innovation Activities and Performance, in: B.H Hall, N. Rosenberg (eds.), Handbook of Economics of Innovation, volume 1, Elsevier, pp. 129-213. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Prerequisites / Notice | Course is directed to advanced Master-Students and PhD Students with an interest in empirical studies. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Competencies |
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