Postgraduate Course: Economics and Innovation in the Biotechnology Industry (PGBI11059)
|School||School of Biological Sciences
||College||College of Science and Engineering
|Credit level (Normal year taken)||SCQF Level 11 (Postgraduate)
||Availability||Available to all students
|Summary||Biotechnology is the effort to use biological knowledge and processes to feed, clothe, shelter and make money for its practitioners. The economic structures that make money in biotechnology are limited liability joint stock companies. Such companies exploit patenting, intellectual property and production and marketing in different ways.
This ten-credit course will examine successful models, structures and strategies in use in current biotechnological industry. It will discuss how current global challenges shape the future opportunities for the biotechnology sector, and where differences in the environmental, health and socio-economic landscapes around the world lead to different needs in those regions.
The teaching objectives of the course are to impart knowledge of how biotechnology has developed into today's industry and how biotechnology contributes to the research and development culture of our contemporary economic systems.
The course objectives are to impart an understanding of how biology derived technologies have developed during recent human economic and social evolution and how they are likely to further develop during this century.
Link to a video describing the course from the Course Organiser: https://media.ed.ac.uk/media/Economics+and+Innovation+in+the+Biotechnology+Industry/1_n6ntw3yi
Entry Requirements (not applicable to Visiting Students)
||Other requirements|| None
Information for Visiting Students
|High Demand Course?
Course Delivery Information
|Academic year 2022/23, Not available to visiting students (SS1)
|Learning and Teaching activities (Further Info)
Lecture Hours 22,
Programme Level Learning and Teaching Hours 2,
Directed Learning and Independent Learning Hours
|Assessment (Further Info)
|Additional Information (Assessment)
||Scientific Resume - a formative assignment with feedback only
Essay 1 - worth 40%
Essay 1 re-write (peer marked) worth 10%
Essay 2 - worth 50%
|No Exam Information
On completion of this course, the student will be able to:
- Demonstrate advanced knowledge of current economic landscape of biotechnology and the markets for biotechnology products
- Understand the key role of innovation and demonstrate knowledge of the history of biotechnological innovation
- Know what management is and how it can direct novel biotechnological development; analyse critically the various models and structures for biotechnological innovation and production
- Critically analyse the economic basis of any proposed venture into biotechnology and production for profit
- Understand how economics and policy affect innovation in biotechnology and how management directs biotechnology enterprises.
|Graduate Attributes and Skills
|Additional Class Delivery Information
||This course is taught by lectures, class discussions, individual and group presentations, preparation of written analyses in thematic essays and research reports.
|Keywords||BIOTECH Ec and Innov
|Course organiser||Dr Andrew Free
Tel: (0131 6)50 5338
|Course secretary||Ms Andrea Nichol
Tel: (0131 6)50 8643