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

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 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.