DESCRIPTION OF COURSES

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AG ECON 642 MANAGEMENT OF R&D AND INNOVATION                                                                            (2L+1P) II

Objective
  The aim is to help students develop conceptual foundations for management of innovations. It introduces the framework of evolution and growth of national and international agricultural R&D systems, discusses issues related to science and technology policy and assesses the approach of impact of innovations.

Theory

UNIT I
  Innovation, productivity and economic growth; Nature, process and importance of technological innovation; Sources of technical change- induced technical change, evolutionary theory and path dependence; Measurement of productivity growth; Institutional innovations, case studies.

UNIT II
  Institutions and investments in science and technology; Agricultural research system s -evolution and growth, selected case studies of major countries, investment trends, international comparisons, institutional details; Changing public-private roles in technology development; Measuring the effects of agricultural research: Ex-ante and ex-post methods.

UNIT III
  Technology adoption, diffusion and transfer- theoretical models and case studies, technology, resources and environment; Science and technology policy – regulation, incentives; Technology and intellectual property rights- selected case studies.

Practicals
  Measurement of productivity growth – total factor productivity; frontier production function, etc. Institutional structures and national and international agricultural research systems. Ex-ante and ex-post methods of estimation of R&D impacts in agriculture.

Suggested Readings