Economics of Innovation

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INSTRUCTIONS:

Respond to the following questions, in an essay that addresses the topics covered in the readings. Remember, from the syllabus, you must use at least one source in addition to the readings; bibliographies are not required; cite readings in footnotes or in the text.

Prepare a 1.5-page double-spaced response with a short introductory paragraph outlining the topics and purpose of your brief, the body of which responds to the questions (address all of them), and a conclusion which states your own thoughts on the topic and its relevance, in the context of the economy.

EFFECTs (1) QUESTIONS:

Describe some of the implications of innovation on market structures.

By extension, outline some of the ways that the pace and mode of innovation has affected trade patterns.

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