ECONOMICS OF INNOVATION

Degree course: 
Corso di Second cycle degree in GLOBAL ENTREPRENEURSHIP ECONOMICS AND MANAGEMENT
Academic year when starting the degree: 
2023/2024
Year: 
1
Academic year in which the course will be held: 
2023/2024
Course type: 
Compulsory subjects, characteristic of the class
Language: 
English
Credits: 
6
Period: 
First Semester
Standard lectures hours: 
50
Detail of lecture’s hours: 
Lesson (40 hours), Exercise (10 hours)
Requirements: 

Suggested pre-requisites:
Basic knowledge of mathematics, microeconomics and statistics.

Final Examination: 
Orale

The exam will consist of 2 “exercises” (composed of a series of numerical and/or multiple-choice questions), and 2 “open questions” to be filled with text.
The exercises and questions must be answered in 2 hours and will concern all the topics covered during the lectures

Students will have the option to participate to a workshop, organized at the end of the course, in which students will present a work/project that will contribute to their final grade.
In case of positive evaluation, students presenting in the workshop will have the option to answer only 2 (1 open question and 1 exercise) out of 4 questions/problems during the final written exam in 1h.

No partial exams will be scheduled at the end of each module.

Assessment: 
Voto Finale

Technological innovation has been always considered an important driver of economic growth.
The objective of this course is to offer an introduction to the main topics of the Economics of Innovation, by providing the main concepts and tools to understand and interpret the main economic drivers and consequences of technical change.

At the end of the course the students will be able to:
1. autonomously interpret and critically discuss several topics related to the Economics of Innovation such as:
• What is innovation and how do we measure it?
• What is the link between innovation and economic growth?
• What is the relationship between patents and innovation?
• What role governments and universities play in the innovation ecosystem?
• How does firm competition impact on innovation?
2. to visualize and analyze innovation data using several statistical techniques and econometric tools applied on different data sources.
3. to review the literature, collect data and produce descriptive empirical analysis to shed light on some specific issues;
4. to develop and strengthen skills in preparing public oral presentations and to sharpen their critical thinking.

Innovation and firms
• Innovation: basic concepts and definitions
• Innovation in the history of economic thought.
• Innovation, markets and firm performances.
• Innovation appropriability and IPRs.

Innovation, industries and governments
• Financing of innovation and market failures
• Innovation systems

Innovation diffusion

.

Convenzionale

Frontal lectures

The syllabus can be subject to modifications and changes during the course. Please check periodically the course page on e-learning for possible changes and communications from the instructor.