Economics of Innovation
Credits : 3 ECTS
Duration : 21 hours
Semester : S7
Person(s) in charge:
Pierpaolo Parrotta, ICN and BETA, firstname.lastname@example.org
The course will be taught in English.
Keywords : innovation, growth, market failure, R&D financing, competition, business strategy, disruptive innovation.
Prerequisites : Foundations of microeconomics (law of demand and supply, market equilibrium, perfect competition, monopoly power).
Goal: understand theories of innovation and the recent trends at the country/industry/firm level.
Program and contents :
Description and operationnal verbs
Principles of economics of innovation
Asymmetric information, uncertainty and market failure; link between innovation and growth; public support to private R&D, additionality versus crowding-out; link between innovation and competition; mechanisms of knowledge transfer.
Theory to open source data (OECD, Eurostat, WDI) and business cases.
Policy reports and business cases concerning innovation.
Main features of innovation at the country, industry and firm level.
Effectiveness of national or EU innovation policy and firm’s innovation strategies.