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Regular version of the site
Master 2020/2021

Economics of Innovation

Area of studies: Management
When: 1 year, 1, 2 module
Mode of studies: offline
Master’s programme: Governance of Science, Technology and Innovation
Language: English
ECTS credits: 9

Course Syllabus

Abstract

The course introduces the basic theories and concepts underlying the state-of-the-art economics of science, technology, and innovation (STI). The course will discuss different perspectives on the STI, including the core concept formation and genesis, microeconomic, or firm-level aspects of innovation, macroeconomic perspectives, and rationales for policymaking. The lectures cover multi-actor context, discussing the roles of firms, institutions of higher education, research institutes, households, and individuals, as well as inter-actor linkages and institutional mechanics. Particular attention is given to a systemic perspective, known as the National innovation systems framework. The interplay between innovations, economic transformation, and economic growth is studied with an emphasis on the relationship between the STI discourse and the general agenda of development studies, considering the link between innovation and productivity, technological upgrading, and catch-up. The course is delivered to master students of The National Research University – Higher School of Economics/HSE. The course length is 342 academic hours in total of which 100 hours are class room hours and 242 hours are devoted to self-study. Academic control forms are in-class quizzes and presentations, a written project (structured literature review), and a written exam.
Learning Objectives

Learning Objectives

  • Obtaining up to date knowledge on Science, Technology and Innovation Studies academic discourse
  • Understanding the agenda of Economics of Innovation, as well as contemporary views on the interrelations between technological change and economic development
  • Using quality academic texts to develop and support argumentation
Expected Learning Outcomes

Expected Learning Outcomes

  • Knowledge of the contemporary multiactor perspective on innovation
  • Knowledge of the key insights of the microeconomics of innovation
  • Knowledge of the core macroeconomic dimensions of innovation and its link with economic development
  • Knowledge of the contribution of broader set of actors and institutes into the innovation processes`
  • Knowledge of the contemporary approaches to measure innovation outcomes
  • Knowledge of the theoretical underpinning of innovation policymaking
  • A perspective on future trends in innovation studies
Course Contents

Course Contents

  • Introduction: Science, technology and innovation in the economic analysis
  • Technology upgrading and economic catch-up / Middle income trap
  • Nature of innovation
  • International innovation
  • Genesis of innovation concept
  • Innovation and the agenda of development studies
  • Innovation and Intellectual property rights
  • Agents and process of innovation
  • R&D organisations and universities in the innovation process
  • Innovation, firm and market charactersitics
  • The role of individuals and households
  • Linkages, collaborative networks and open innovation
  • Sectoral patterns of innovation and heterogeneity of economic activities
  • The role of state and public-private partnerships for STI
  • Measuring economic effects of R&D and innovation
  • Non-technological innovation and innovation in services
  • Social returns to R&D and innovation
  • Knowledge-intensive business services in the innovation processes
  • Dissemination of innovations
  • OECD Innovation Imperative agenda
  • Policymaking in the area of STI
  • Systems of innovation
  • Digitalization and innovation
  • Innovation, economic growth, economic convergence
Assessment Elements

Assessment Elements

  • non-blocking Stands for in-class participation (quizzes)
  • non-blocking Presentation
  • non-blocking Structured literature review (essay)
  • non-blocking Final exam
Interim Assessment

Interim Assessment

  • Interim assessment (2 module)
    0.4 * Final exam + 0.1 * Presentation + 0.25 * Stands for in-class participation (quizzes) + 0.25 * Structured literature review (essay)
Bibliography

Bibliography

Recommended Core Bibliography

  • Fagerberg, J. The Oxford Handbook of Innovation [Электронный ресурс] / J.Fagerberg, D.C.Mowery, eds.; БД oxfordhandbooks. - Oxford University Press, 2006. – Режим доступа: http://www.oxfordhandbooks.com/view/10.1093/oxfordhb/9780199286805.001.0001/oxfordhb-9780199286805). – Загл. с экрана.
  • Greenhalgh, C., & Rogers, M. (2010). Innovation, Intellectual Property, and Economic Growth. Princeton, N.J.: Princeton University Press. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=329719
  • Rosenberg, N., & Hall, B. H. (2010). Handbook of the Economics of Innovation (Vol. 1st ed). Amsterdam: North Holland. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=336015
  • Soete, L., Muldur, U., & Delanghe, H. (2009). European Science and Technology Policy : Towards Integration or Fragmentation? Cheltenham, UK: Edward Elgar Publishing. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=305367

Recommended Additional Bibliography

  • Handbook of innovation policy impact / edited by Jakob Edler (Professor, Manchester Institute of Innovation Research, Alliance Manchester Business School, University of Manchester, UK), Paul Cunningham (Senior Research Fellow, Manchester Institute of Innovation Research, Alliance Manchester Business School, University of Manchester, UK), Abdullah Gök (Lecturer, Manchester Institute of Innovation Research, Alliance Manchester Business School, University of Manchester, UK), Philip Shapira (Professor, Manchester Institute of Innovation Research, Alliance Manchester Business School, University of Manchester, UK, and Georgia Institute of Technology, USA). (2016). Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edswao&AN=edswao.47630671X
  • Nelson, R. R. (1995). Recent Evolutionary Theorizing About Economic Change. Austria, Europe: RR-96-005. Reprinted from Journal of Economic Literature, XXXIII:48-90 [March 1995]. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsbas&AN=edsbas.FBE502D1
  • Wesley M Cohen, Richard R Nelson, & John P Walsh. (2003). Protecting Their Intellectual Assets: Appropriability Conditions and Why U.S. Manufacturing Firms Patent (Or Not). Levine’s Working Paper Archive. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.p.cla.levarc.618897000000000624