Slides from today’s lecture
Our representative to Congress, Terri Sewell, has
I’ve posted the syllabus for BUS 263-01 (Legal & Social Environment of Business, Tues & Thurs 11:30am) the the class page (linked in the header above).
Classes started today, and my section of BUS 263-01 has its first meeting tomorrow at 11:30am. I’ll have a syllabus posted here tomorrow. See you then.
Patents like this are a logical consequence of the extension of patentable matter to software and business methods but extending patents to software and business methods has created huge legal costs without any increase in innovation.
Most importantly, patents can reduce innovation and are especially likely to do so in fields where innovations build on innovations. In fields of cumulative innovation, previous patents owners become veto players who can threaten to holdup the new innovation unless they are granted a share of the proceeds. In theory, bargaining can result in an efficient outcome. In practice, it means lawsuits, delay, waste and reduced innovation.
Alex Tabarrok points out the negative externalities of patents: increased costs and reduced innovation. Do we issue too many patents?
Some of you may be wondering how you’re doing in the course and what you’ll need to make on the last test and the Learning Reflection to earn the grade you’d like in this class. Here is a spreadsheet with the final grade calculation formula that you can use to plug in you grades so far to see how you’re doing. Just click the ‘Click to Edit’ button and fill in the grades you’ve earned so far and then estimate your remaining grades. The ‘Team Assignments’ grade is the average of your in-class assignments, and the ‘Teamwork’ grade assesses your contributions to your team’s success. I’ll assign this grade based on your own self-evaluation, your team-mates’ evaluations, and my observations of your in-class work. The Learning Reflection is worth 5 points, so estimate what you think you’ll earn, up to 5 points.
Some of you may be wondering how you’re doing in the course and what you’ll need to make on the last test and the Learning Reflection to earn the grade you’d like in this class. Here is a spreadsheet with the final grade calculation formula that you can use to plug in you grades so far to see how you’re doing. Just click the ‘Click to Edit’ button and fill in the grades you’ve earned so far and then estimate your remaining grades. The “Team Assignments” grade is the average of your in-class assignments, and the “Teamwork” grade assesses your contributions to your team’s success. I’ll assign this grade based on your own self-evaluation, your team-mates’ evaluations, and my observations of your in-class work. The Learning Reflection is worth 5 points, so estimate what you think you’ll earn, up to 5 points.
Here are review questions for the test on Thursday, December 8. As with previous tests, you can expect 4 essay questions. Be sure to read the entire test before you begin, and to think and outline each question before you begin writing. Don’t forget to save time to proofread and edit before you turn in your test.
Here are review questions for the test on Thursday, December 8. As with previous tests, you can expect 4 essay questions. Be sure to read the entire test before you begin, and to think and outline each question before you begin writing. Don’t forget to save time to proofread and edit before you turn in your test.
