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Economics of the Crisis - Innovation [Head Start in A-Level Economics]

Level:
AS, A-Level, IB
Board:
AQA, Edexcel, OCR, IB, Eduqas, WJEC

Last updated 11 May 2020

In this lesson we consider the concept of innovation and explore examples of business innovation during the crisis

Quiz!

Firstly, please have a go at this Kahoot! quiz on the economics of innovation.

You can find more study resources on innovation by clicking this link.

Video 1: Schumpeter and Creative Destruction

Innovation and Schumpeter's concept and vision of creative destruction is considered in the first video of two on innovation during the coronavirus pandemic and economic crisis.

​Video 1: Schumpeter and Creative Destruction

Video 2: Innovation during the pandemic and economic crisis

In this video we look at some examples of business innovation - product and process - that have emerged during the early stages of the pandemic and the economic crisis.

Video 2: Innovation during the pandemic and economic crisis

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