ECONOMICS OF INNOVATION AND DEVELOPMENT-2

The course intend to form knowledge on development and innovation. First, development is analyzed and linked to innovation, as a basic tool to achieve long run development. Than innovation is introduced, in its basic aspects.

1) Knowledge and understanding
Acquire the basic concepts of the development economy and innovation.
Know the main models of analysis of the development and innovation economy.
Understand and critically consider the main economic policies on technological innovation and innovation development.
Know and know how to use data related to innovation.
2) Ability to apply knowledge and understanding
Use the concepts learned to interpret the evolution of economic systems, public policies, business strategies and market regulation with regard to the innovation economy.
3) Ability to judge
Knowing how to formulate and argue interpretative hypotheses on the development of technologies and the consequent effects on economic agents
4) Communication skills: the student must be able to synthesize the acquired knowledge in an efficient and coherent way.

Micro and macroeconomics.

Economics of Innovation
This part will introduce to economics of innovation. After an introduction to the topic and the knowledge of some basic taxonomy, the following topics will be discussed:
Introduction to Innovation
Measure of Innovation
The innovative firm, National Innovation Systems and Innovation Policy
Diffusion and Patents
Web innovation

1. Fagerberger J., “Innovation: a guide to the Literature” in Fagerberg, J., Mowery, D. C., & Nelson, R. R. (Eds.). (2005), The Oxford handbook of innovation, Oxford university press (below
indicated as FMN)
2. European Commission, European Innovation Scoreboard 2020, Bruxelles. https://ec.europa.eu/growth/industry/policy/innovation/scoreboards_en
3. Smith K., “Measuring Innovation”, in FMN
4. Community Innovation Survey, http://ec.europa.eu/eurostat/web/microdata/community-innovation-survey
5. Lazonick W. “The Innovative Firm”, in FMN.
6. Lundvall B. and S. Borrás “Science, Technology and Innovation Policy”, in FMN.
7. Edquist C. “Systems of Innovation”, in FMN.
8. Bronwyn H. Hall B.H., “Innovation and Diffusion”, in FMN.
9. Pant, S., & Hsu, C. (1996). Business on the Web: strategies and economics. Computer Networks and ISDN Systems, 28(7-11), 1481-1492.
10. Greenhalgh, C. A. and Rogers, M. (2006), ‘The value of innovation: The interaction of competition, R&D and IP’, Research Policy, 35(4), 562-80.
11. Fichter, K., & Clausen, J. (2016). Diffusion Dynamics of Sustainable Innovation-Insights on Diffusion Patterns Based on the Analysis of 100 Sustainable Product and Service
Innovations., Journal of Innovation Management, 4(2), 30-67.
12. Karakaya, E., Hidalgo, A., & Nuur, C. (2014). Diffusion of eco-innovations: A review. Renewable and Sustainable Energy Reviews, 33, 392-399.
13. Rockett K. (2008) “Property Rights and Invention”, Discussion Paper Series, No. 663 December, University of Essex. http://repository.essex.ac.uk/2857/1/dp663.pdf

Attending students are required to:
1. Actively participate to class
2. Present a group work, according to instructions given along the course
3. Take a written examination, covering the material of the present syllabus (excluded the reference in italic), consisting of three multiple-choice questions (with a short description of the choice) and two open questions.
The final grade will be an average of the three points above.

b) Non attending student
Non attending student are required to take a written examination on the material indicated in the present syllabus.
The exam will consist of three multiple-choice questions (with a short description of the choice) and two open questions.

In class teaching
Seminars
Group works

English

written