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Single discipline educational activity
Course Sheet Academic Year of enrolment:
Hours of classroom activity:
Prerequisites:
Basic knowledge of microeconomic concepts.
Objectives
Contents The course introduces the student to the knowledge of the main economic aspects of innovation dynamics at the firm and economic system level, as well as to the tools and effects of innovation policies. In particular, the course addresses the main incentive problems related to innovation investment – appropriability of results and financing of innovative ideas – and compares the different policy instruments that can be used to mitigate them. This provides an overview of the institutional context within which innovative firm activities take place. Specific attention will be devoted to the ratio and the economic effects of the industrial property system, to the entrepreneurial strategies related to the patenting, and to the strategies of open innovation. Determinants of innovation different from the legal-institutional context will also be examined, and particularly: market structure, demand and the firm’s corporate governance structure. Moreover, the economic aspects of digital innovation both online (within the e-commerce context) and in the traditional sectors (within the context of Industry 4.0) will be addressed. The student will be introduced to the economic implications of network effects, multi-sided platforms, big data and artificial intelligence. Finally, some space will be devoted to address innovation issues related to the recent Covid-19 pandemic.
Extended Syllabus The main themes of the course will be explored by addressing the following key questions:
1. What are the economic features of knowledge/technology?
• Malerba, cap. 1, par. 1.1-1.4
2. How can innovation be measured?
• Malerba par. 1.5 oppure Belloc par. 1.2.2.
3. How do innovations diffuse in the economy?
• FMN, cap. 6
4. Does greater competition mean more innovation?
• Malerba, cap. 14, par. 14.2
• Belloc, cap. 1, par. 1.1.1. e 1.1.2
5. Does technology influence market structure?
• Malerba, cap. 8
6. Why do different firms have different innovative perfomances?
• Malerba, cap. 3
• Belloc, cap. 1 e 2 (par. 1.1.3; 1.1.4; 1.3; 2.1, 2.2 e 2.4).
7. How do firm relationships with other economic actors influence innovation?
• Malerba, cap. 6, par. da 6.5 a 6.7
• Slides provided by the instructor
8. What are the features of platforms as forms of organization of innovation?
• Slides provided by the instructor
• Franzini-Guarascio
9. How can differences in country-level innovation performance be explained?
• Zecchini
• Slides provided by the instructor
10. How does innovation influence growth?
• Slides provided by the instructor
11. How does innovation influence employment?
• Franzini-Guarascio
12. What policies can be adopted to promote innovation?
• Mazzucato
• Slides provided by the instructor
Recommended Bibliography The references for this course are given by a set of book chapter and scientific articles selected by the instructor. Please, see the extended program for the exact references.
Articles, slides and other additional material to support lectures and practical sessions will be provided by the instructor.
Methods of Provision
Teaching Methods Interactive lectures, case studies, class presentations and debates on selected topics.
Evaluation methods Verification of learning:
The exam foresees a written part that may contain open questions and/or exercises, graded on a scale of 30. Passing the written part with a grade of at least 17/30 is a necessary condition to take the oral part of the exam, which may be requested by the student or the instructor. The final mark will be given by the arithmetic average of the written and the oral part (if any), always on a scale of 30.
The exam will cover the topics illustrated in the course and indicated in the program. The evaluation will concern not only the specific knowledge of the topic contents, but also the use of terminology, the effectiveness in communication, the organization of discourse and the ability to elaborate and critically interpret the different topics.
Contacts/More Information Lecture material will be made available on the FAD website for the course.