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, cultivating, and marketing genetically modified organisms (GMOs) will be discussed.

After successful completion of this course students are expected to be able to:

• 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

Assumed Knowledge:

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