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Questions Case 2 Economic theories and innovation

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Define characteristics approach as a type of product innovation

Changing one, several or almost all characteristics of a product

Give the new growth theory production function(s)

G = f (Technological advancement, Human Capital) Human Capital = f (education) Technological advancement = f (innovation)

Explain the demand-pull approach within classical economic theory

Increases in the division of labour leads to specialization. Specialization leads to innovation

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Institution
Maastricht University (UM)
Study
Master Health Policy, Innovation and Management
Course
HPI4001 Economics of Healthcare

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HPI4001 Economics of health care summary (year 2016/2017)

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Summary of the course HPI4001 Economics of health care, including all essential elements to study for the exam: - Summary per case - Learning goals per case - Overview lecture as a guide for the summary - Additional information from the lectures - Essential information from literature

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