ECONOMICS AND PUBLIC FINANCE OF LOCAL ECONOMIC SYSTEMS

Single discipline educational activity

Course Sheet

Course code:

LM57009

Academic Year of enrolment:

2019

Year of supply:

2020/2021

Type of Course:

Characterising

Degree:

Course of 2nd Cycle Degree in MANAGEMENT, FINANCE AND DEVELOPMENT

Disciplinary Sector:

Political Economy

Location:

PESCARA

Credits:

Programme Year:

Professor and Collaborators:

BUCCIARELLI EDGARDO

Cycle:

First semester

Hours of classroom activity:

Individual study hours:

153

Prerequisites:

PREREQUISITES APPLY
The prerequisites of the course are represented by the knowledge of the contents of Microeconomics, Macroeconomics, and Knowledge Economy.

Objectives

EDUCATIONAL GOALS
In line with the general aims of the Master's Degree in "Management,
Finance, and Development" (LM56), the course has the objective to
provide students with some theoretical and technical tools needed to
understand the the major real and financial phenomena related to local economic systems, as well as local growth and development. The subject and aims of the course, therefore, represent important basic elements for achieving the educational objectives of the entire Master's Degree, including, in particular, "the acquisition of outstanding professional skills with high and complex skills indispensable for defining and the management of strategies suitable for facing rapidly evolving and increasingly competitive contexts, with specific reference to current sectoral, territorial and global growth and development models, as well as their sustainability."

EXPECTED LEARNING OUTCOMES

KNOWLEDGE AND UNDERSTANDING
After completing the course, students will be able to understand the theoretical and applied significance of the economic processes that characterise the dynamics of growth and development of local economic systems, with particular attention to the role of innovation and institutions. The ultimate goal that is intended to be achieved is to lead students to acquire a certain degree of autonomy in addressing the issues that are at the centre of an interesting research area: The role of local economic systems for the purpose of innovation dynamics and therefore of economic growth and development.

ABILITY TO APPLY KNOWLEDGE AND UNDERSTANDING
The knowledge gained can be applied to (1) work or research activities aimed at defining and promoting growth and development models in research organisations, government institutions, public and private companies, consortia of companies, business and social associations; (2) activities of promotion and provision of services to the general growth and development or to specific industries, in public and private bodies (local and national) as well as in development agencies.

COMMUNICATION SKILLS
After completing the course, students will be able to properly use the economic language related to the subject as well as to present and discuss the results of recent scientific studies relating to local growth and development.

Contents

SUBJECT
The course is divided into three parts that complement each other. The related classes, for the purpose of teaching effectiveness, are taught in the following order:

Part (A): Introductory summary of the issues and relevant scientific literature concerning the role of local economic systems in the dynamics of economic growth and development.

Part (B): Study of some recent scientific contributions on the role of local economic systems for the propagation of innovations, understood as a set of virtuous endogenous processes, with due attention to the role of public institutions.

Part (C): Consultation and critical analysis of documents issued and published by the Italian government containing the definition and programming of innovative public finance tools in order to support firms, to innovate them, and to increase competitiveness and productivity.

Extended Syllabus

SYLLABUS
The course is organised in three parts:

(A) Introductory part:
1. Introduction to the relationship between local production systems and economic growth and development: Observations on regional development in Italy.
2. The industrial district model.
3. From the industrial district to local development.
4. The economic thought on endogenous development.
5. Types of local development models.
6. Overview of local economic development policies and strategies.

(B) Second part:
1. The regional innovation system of Abruzzo.
2. The mediators of knowledge in the regional innovation system.
3. Social capital in local innovation systems.
4. International openness and local innovation.
5. Local innovation systems: the role of public services and utilities.
6. Patents in the Abruzzo innovation system.
7. An international comparison: the hub of Eindhoven.
8. The ICT Abruzzo regional innovation hub.

(C) Third part:
Consultation and critical analysis of recent official documents issued and published by the Italian Government.

Recommended Bibliography

READING LIST
(A) Introductory part: Teaching material provided by the Lecturer.

(B) Second part: Cappiello G., Galbiati S., Iapadre L. (eds.) (2016). Sistemi locali, reti e intermediari dell’innovazione. Il Mulino, Bologna (chapters 1 to 8 must be studied).

(C) Third part:
1. 2020 Economic and Financial Document of the Italian Government (available at http://www.dt.mef.gov.it/it/news/2020/def_2020.html);
2. National Industry 4.0 Plan of the Italian Government (available at https://www.mise.gov.it/images/stories/documenti/Piano_Industria_40.pdf);
3. Transition 4.0, a new industrial policy for the country (available at https://www.mise.gov.it/index.php/it/transizione40);
4. Decree for the Relaunch approved by the Italian government following the pandemic emergency 2020 (available at http://www.governo.it/it/dl-rilancio);
5. An industrial policy for innovation: Focus innovative startups (available at https://www.mise.gov.it/images/stories/documenti/Policy_startup_innovati...).

Teaching Methods

EDUCATIONAL METHODS
Lectures and exercises. Scientific seminars. Continuous tutoring activity looking the students individually or in groups after their classes.

Evaluation methods

Verification of learning:

ASSESSMENT METHODS
Learning assessment provides for written and / or oral test with final evaluation expressed in thirtieths, including closed and/or open-ended questions. Mid-term exams and in-class testing are scheduled during the semester.

Contacts/More Information

FURTHER INFORMATION
If Health Laws and University regulations allow, teaching activities, teachers office hours', and exams may take place online (in whole or in part). For any further information and updates, please refer to the University website.

Università degli Studi
"G. d'Annunzio"

Chieti - Pescara

Aree