ECONOMICS OF INNOVATION AND TECHNOLOGY
The course provides an introduction to the Economics of Research and Development (R&D) and Innovation. Lectures cover a wide range of topics, from theoretical models to practical and applied issues about innovation. The course provides students with the key tools to understand and manage the innovation processes of firms, industrial sectors and innovation systems. After completing the course, students should have developed the skills to analyze firms’ innovation strategies and to use innovation statistics from national and international sources.
No prerequisites. Basic microeconomics and English facilitate the understanding of the lectures.
Introduction to R&D and Innovation: definitions and key concepts. Theoretical models: neoclassical approach and evolutionary approach, innovation and the theory of the firm. National and international sources of innovation statistics. Sectoral patterns of technical change. The concept of the innovation system. The role of technology transfer in innovation. Firms’ innovation strategies. Alternative types of entrepreneurial finance. Public policies for research and innovation.
Traditional lectures, exercises, student report and presentation, group discussions.
F. Malerba, 2014, Economia dell’Innovazione, Carocci Editore.
P. Fariselli, 2014, Economia dell’Innovazione, Giappichelli Editore.
OECD/Eurostat, 2005, Oslo Manual: Guidelines for Collecting and Interpreting Innovation Data, 3rd Edition, OECD Publishing, Paris.
OECD, 2015, Frascati Manual 2015: Guidelines for Collecting and Reporting Data on Research and Experimental Development, OECD Publishing, Paris.
D. Cumming, 2012, The Oxford Handbook of Entrepreneurial Finance, Oxford University Press.
The course grade will be the weighted average of the followings: case study presentation during the course (40%), final exam (60%).