Life Science Economics and Policies

Life Science Economics and Policies will be discussed in this course. This includes the whole value chain from R&D, over application, processing, retailing and final demand and how the value chain and the rents and their distribution along the chain are affected by policies. Examples such as the benefits and costs of developing products based on modern biotechnology including precision fermentation, engineered living materials, biobased products and more.

• Recall and explain the economic issues and policies affecting the life science sector at EU and international level

• Apply economic methods to assess benefits and costs of policies affecting the life science sector

• Analyse and evaluate the economics and policies of new products in the life sciences

• Create ex-ante economic assessments of new products in the life sciences

• Performance (40%) Students will be given one homework assignment in Week 1 and one in Week 2 that consists of exercises. Each homework contributes half of the P1 grade. Moreover, each homework assesses all the learning outcomes.
• Written test with open questions (60%) The exam assesses all the learning outcomes.

AEP21306 Econometrics;
AEP20306 Economics of Agribusiness;
BMO37306 Circular Economy or UEC21806 Microeconomics

• The literature will be made available during class and include journal articles and book chapters.