Economic development and sustainable innovation (BØK224)
We live in a time of major global challenges, such as an increasingly threatening climate crisis, an aging population and geopolitical tensions. The global megatrends require new thinking and restructuring. Innovation is a prerequisite for restructuring and economic growth. To succeed in a modern business world, students must be able to understand how the global megatrends affect the company and society, and how to work to meet the challenges through new thinking and innovation. In this course, students will gain insight into the ways in which innovation is an important strategic tool for sustainable development both for a company and society as a whole. The course provides insight into various forms of innovation, important drivers of innovation and how the environment shapes and influences innovation and change.
Course description for study year 2024-2025. Please note that changes may occur.
Course code
BØK224
Version
1
Credits (ECTS)
10
Semester tution start
Spring
Number of semesters
1
Exam semester
Spring
Language of instruction
English
Content
This introductory course will first introduce meso-level foundational concepts and theories relating to economic development. Afterwards, it will delve into more advanced topics with a specific focus on sustainability in firms' business and innovation strategies. The main topics that form the basis of lectures, assignments and other content will include:
- Innovation in modern economy
- Technological progress and growth
- Geography, networks and platform economy
- Innovation systems
- The role of the state
- Theory of the environment
- Path dependence
- Sustainability as a chance or a threat
- Responsible business and innovation
Please note that these topics may change from semester to semester.
Learning outcome
If the course is completed, the student will have the following learning outcomes:
Knowledge
The student has
- in-depth understanding of the importance of innovation for value creation and sustainable development
- knowledge of central theories and concepts within the research literature on innovation
- Insight to distinguish between different types and drivers of innovation.
- knowledge of innovative companies, organizations and regions
Skills
The student will have skills in:
- apply and critically reflect on theories and concepts to propose innovative solutions to current challenges
- discuss different strategies to increase innovation and creativity in a company and society as a whole
- reflect on innovation and change processes in accordance with ethical standards and principles
Required prerequisite knowledge
Exam
Form of assessment | Weight | Duration | Marks | Aid |
---|---|---|---|---|
Written school-exam | 1/1 | 4 Hours | Letter grades | None permitted |