First cycle
degree courses
Second cycle
degree courses
Single cycle
degree courses
School of Economics and Political Science
Course unit
EPP6077099, A.A. 2019/20

Information concerning the students who enrolled in A.Y. 2019/20

Information on the course unit
Degree course Second cycle degree in
EP2372, Degree course structure A.Y. 2017/18, A.Y. 2019/20
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Number of ECTS credits allocated 12.0
Type of assessment Mark
Department of reference Department of Economics and Management
E-Learning website
Mandatory attendance No
Language of instruction English
Single Course unit The Course unit CANNOT be attended under the option Single Course unit attendance
Optional Course unit The Course unit can be chosen as Optional Course unit

Teacher in charge ROBERTO ANTONIETTI SECS-P/02
Other lecturers FIORENZA BELUSSI SECS-P/08
Ivan De Noni SECS-P/08

ECTS: details
Type Scientific-Disciplinary Sector Credits allocated
Core courses SECS-P/08 Corporate Finance 6.0

Course unit organization
Period First semester
Year 1st Year
Teaching method frontal

Type of hours Credits Teaching
Hours of
Individual study
Lecture 12.0 84 216.0 No turn

Start of activities 23/09/2019
End of activities 18/01/2020
Show course schedule 2019/20 Reg.2017 course timetable

Examination board
Board From To Members of the board
3 Commissione esame A.A. 2019/20 01/10/2019 30/11/2020 ANTONIETTI ROBERTO (Presidente)
BELUSSI FIORENZA (Membro Effettivo)
DE NONI IVAN (Membro Effettivo)
DI MARIA ELEONORA (Membro Effettivo)

Prerequisites: There are no specific prerequisites. The course just requires mastery of English and, if possible, of some basic principles of microeconomics and business strategy.
Target skills and knowledge: At the end of the economics of innovation module, students will be able to: (i) find and analyze data and statistics concerning innovation dynamics in European Union; (ii) apply the theoretical models to real problems; (iii) identify the determinants of the generation and diffusion of innovations and their impact on the economic development of firms and regions; (iv) understand the characteristics of different regimes of intellectual property rights protection mechanisms.

At the end of the Management of Innovation module the student will be able to identify the various ways of innovation, and to describe the various innovative strategies of the companies. The student will also have analyzed the role of national innovative policies, the theme of knowledge transfer between university and business, and the development of innovative start-ups.
Examination methods: The exam is written and consists of two parts, one for the Economics of Innovation and one for the Management of Innovation module. Regarding the first and second module, the exam will consist of multiple-choice/true or false questions and short open questions. The exam will be held in a single session.

In the Management of Innovation module, the weights of the exams in the final score are the following:

individual written exam (70%)
group assignment (project work) (30%)
Assessment criteria: The final evaluation will be mainly based on:

- students' active participation in class;
- students’ ability to fully understand, and critically analyze, the concepts and the literature presented in class or assigned at home;
- the appropriate use of the technical language of the subject;
- the capability to apply the concepts acquired in class to real problems.
Course unit contents: This course focuses on the main issues of the economics and management of innovation and technological change. It aims to provide students with a solid knowledge of theoretical and empirical models of innovation. Particular emphasis will be placed on the issue of intellectual property rights and the topic of innovation sources (both internal and external). This course will analyze the various business strategies adopted by firms in relation to their innovative business (innovation awards, patents, licenses, and industrial secrets). The topics covered include the measurement and the empirics of innovation and R&D, diffusion of innovation, the economic effects of innovation, joint venture research, innovation timing, open innovation, innovation networking and innovation policy. This course aims to motivate students to analyze the various models of innovation and innovation strategies, using theoretical models, case studies and empirical analyses of the phenomena dealt with.

The contents will be the following.

1) Economics of innovation

- History of innovation and technological change and the concepts of innovation in the history of economic thought
- Basic concepts and definitions concerning innovation
- Main stylized facts on the innovative performance of European countries and regions
- The measurement of innovation: focusing on the main datasets and surveys at the country, regional and firm level
- Theoretical models of product and process innovation
- Theoretical models of R&D: patent races and optimal R&D investments under different market forms
- The economic principles of intellectual property rights protection
- The economic effects of innovation and innovation policy.

2) Management of innovation

- Innovation Strategy and business models
- Identifying strategic and dynamic capabilities
- Disruptive innovations and technological breakthrough
- Sources of Innovation
- Open innovation models, users as innovators and strategic alliances
- Selecting innovation projects
- Business intelligence and patenting
Planned learning activities and teaching methods: The course will be taught using mainly traditional, but interacting, lecturing, with the projection of Power Point slides. During the course, students can test their learning status through ad hoc tests made available on the moodle platform. Moreover, some lectures will be provided as teaching seminars, where scholars, experts, policy makers or firm managers will be invited as speakers.
Additional notes about suggested reading: Due to the large extent and complexity of the subject, no single textbook is indicated.
Lectures and the final exam will be based on the reading of slides, scientific articles, working papers, reports and other suggested readings. All the material will be available on the Moodle or at the library of the "Marco Fanno" Department of Economics and Management.
Economics of innovation:
- Swann, Peter G.M., The economics of innovation. An introduction, Edward Elgar, 2009: Chapters 1-8.
- European Commission, European Innovation Scoreboard, 2019 (available online)
- European Commission, Regional Innovation Scoreboard, 2019 (available online)
- European Commission, EU R&D Survey 2018 (available online)
- Hall B.H. and Rosenberg N. (Eds), Handbook of the economics of innovation, 2010, North Holland: Chapters 2 (vol. 1), 26 (vol. 2)
Textbooks (and optional supplementary readings)
  • Swann, Peter G.M., The economics of innovation. An introduction. Cheltenham: Edward Elgar, 2009. Chapters 1-8. Cerca nel catalogo
  • Hall B.H. and Rosenberg N. (Eds), Handbook of the economics of innovation, 2010. Amsterdam: North Holland, 2010. Chapters 2 (vol. 1) and 26 (vol. 2) Cerca nel catalogo
  • M. Shilling, Strategic management of technological innovation. --: McGraw Hill, 2016. Cerca nel catalogo

Innovative teaching methods: Software or applications used
  • Moodle (files, quizzes, workshops, ...)

Sustainable Development Goals (SDGs)
Quality Education Decent Work and Economic Growth Industry, Innovation and Infrastructure Reduced Inequalities