ECONOMICS OF INNOVATION - QUALIFICATION
Learning outcomes of the course unit
a. Knowledge and understanding:
At the end of the course, the student will understand the basic notions of the economic theory of innovation, the forms of innovation management, and their impact on nation and firm competitiveness. In particular, the student will acquire the following knowledge: 1) characteristcs of the different types of innovation; 2) characteristics of innovative processes; 3) role of organizational change in new product development; 4) role of intangible resources and intellectual property rights; 5) firm collaborations to develop new technologies.
b. Knowledge and understanding: the student will be able to deal critically with issues and topics related to the economics of innovation. She will be able to describe the innovative process as a complex phenomenon that is not limited to the introduction of an innovation, but also includes the sectoral and economy-wide diffusion. She will be able to understand and comment on reports and data about the innovation phenomenon.
c. Making judgments: the course combines theoretical knowledge with examples of empirical applications aimed at verifying the applicability conditions of the proposed models and at critically analyzing the empirical results. This method allows the student to become aware of the mechanisms that regulate the innovative processes and to stimulate the ability to explore sources, data and literature necessary for the formulation of weighted judgments.
d. Communication skills: at the end of the course the student will have acquired the tools that allow her to communicate the acquired knowledge with technical language. These skills are stimulated through class interaction and exposition of the results of the group work activities about specific case studies and are evaluated through the final written test which takes the form of open questions.
e. Learning skills: Lecture attendance and class interaction with the lecturer and other students, the exposure to the training materials uploaded on the course website, individual study and participation to group work activities provide the student with the toolbox to stimulate individual learning.
Course contents summary
1. What is innovation?
2. Sources of innovation
3. Types and models of innovation
4. Diffusion of innovation
5. Geography of innovation
6. Standard battles and dominant design
7. Timing of entry
8. Sectoral patterns of innovation
9. Protecting innovation
10. The innovative firm
11. New product development
Schilling, M., Izzo, F. Gestione dell’Innovazione, 4/ED. McGraw-Hill, Milano: 2017.
Malerba, F. Economia dell’Innovazione, Carocci, Roma: 2000.
Details about the program and additional materials will be specified in class.
Lectures, aimed at acquiring knowledge and stimulating understanding, will make use of slides and case studies. Slides will be available on the course website at the end of each week.
The website is the main source of information about: course events, schedule changes, office hours, exams.
Group work will focus on case studies or empirical papers, and is aimed at developing learning skills, acquiring the necessary technical language and improving communication and collaboration skills.
Groups are organized by the lecturer. Group size will depend on the number of attending students. Students will present their preliminary results in class and will also deliver a written report at the end of the course.
Assessment methods and criteria
The exam consists of a written test with 2 open questions. The final evaluation is expressed in thirtieths and evaluates the knowledge acquired during the course, the ability to argue and the adequacy of the language. Honors will be awarded to those students who, in addition to having complied with the requisites necessary to obtain the full evaluation, have demonstrated an appreciable systematic knowledge of the topic, an excellent ability to apply the knowledge acquired to the specific question, a considerable autonomy of judgment, as well as a particular care in the formal answering to the questions.
For attending students who participate to a work group during the course, the final exam consists of 1 open question out of 2. This is complemented by the work group evaluation, that accounts for one third of the final grade provided that the final exam is sufficient.
All students have one hour to complete the final written exam.
During the exam it is forbidden to use mobile phones, smartphones, tablets and any other electronic device.
Results will be notified on the course website. Students can view the exam results by appointment with the lecturer.