Economists have long sought how to license a patent for a process innovation that lowers production cost, says Zheng Wang. She explores innovations that specifically lower transport cost in her free public lecture, “How to License a Transport Innovation,” at 10:30 a.m. Friday, November 21, in room 1163, Chrysler Hall North.

This event is part of the Economics Seminar Series.

Now a professor at the Capital University of Economics and Business in Beijing, China, Dr. Wang earned a master of arts degree in economics from the University of Windsor in 2009.

Her career is exemplary of the many paths open to graduates of the program, says professor Marcelo Arbex, which has grown substantially in recent years and now has 60 students enrolled.

“Graduates of our masters program are now working in government agencies, in the private sector and have been accepted to PhD programs in Canada and in the U.S.,” he says. “It provides a number of opportunities for their professional advancement.”

The department is in the final stages of approving a new master’s program: Master of Applied Economics and Policy. It could begin admitting students as early as fall 2015.