POLITICAL ECONOMY AND INNOVATION
The course aims at providing general and issue-specific knowledge of the institutional and theoretical motivations of public action in the economic system. The emphasis is on the economic analysis of innovation and on public policies for innovation.
Knowledge and understanding: the student should be able to understand the themes and problems related to the public intervention in the economic system and to innovation; should also know the main instruments used to asses and analyze the rational behind the main program of intervention affecting the economic functioning.
Applying knowledge and understanding: the student should be able to apply the acquired knowledge to the main intervention schemes and to the principal microeconomic policies. To this end the teacher will discuss and illustrate some different examples and specific cases of microeconomic and regulation policies during the lessons; for non-attending students, assistance time will be provided.
Making judgements: the student should be able to use the acquired knowledge also in an autonomous way, by also applying them to specific issues and problems, such as specific economic policies for innovation.
Communication: the student should be able to answer in a clear and thorough way to the questions of the oral examination.
Lifelong learning skills: the student should be able to show a good learning ability, by widening, for example, his/her knowledge with use of relevant bibliographic references. The student should also be able to analyze and evaluate the impact and the constraints related to the policy schemes in relevant economic sectors.
General knowledge and reasoning ability. Some basic knowledge of microeconomics, if previously acquired by the student, can facilitate the learning process; this is basically covered by the first-level courses offered by the university Parthenope in the economic area. For students coming from different first-level degree programs, an integration including a relevant bibliographic references will be provided.
Nature, objectives and tools of microeconomic policies. Economic analysis of innovation. Economic policies for innovation.
I block (24 hours):
• Market failures: microeconomic aspects
• Government failures
• Economic and historical analysis of innovation
II block (24 hours):
• Industrial and regional policies; redistributive policies
• Innovation policies
• Regional public institutions: the European Union
Lectures. In addition, follow-up on specific topics might happen, especially after receiving feedback on specific topics by students.
Acocella N. (2005) Economic Policy in the Age of Globalisation, Cambridge University Press (chapters 1, 2, 5, 8, 15, 18).
Additional readings provided by the lecturer upon students' request.
Oral exam after the first block of lectures. For those students who positively pass this first exam, the final oral exam will regard only the topics held in the second block of lectures. The mark will be the average of the two exams.
Students who do not pass or do not wish to attend the oral exam after the first block of lectures, have to attend a unique oral exam on the overall programme.