ECONOMICS OF INNOVATION, GROWTH THEORY AND ECONOMICS DEVELOPMENT-2

This course is part of the degree in "Digital Management". In this module, students will be provided with the basic tools for understanding the meaning of Economic Development and Development more in general. Students will confront with theories on the foundation of economic and human development, including theories on structural adjustment. Emphasis will be placed on the economic aspects of the processes of globalisation, internationalisation and economic development, including issues of inequality, poverty, industrialisation, structural adjustment and innovation. Efforts will be made during the course to discuss the relevance of such topics for today's digital companies and digital management. The course is entirely taught in English.

Students will be able to apply the main theories in Development Economics to the analysis of past and current phenomena in the international scenario. They will be able to apply tools of analysis to topics such as: the organization of global contemporary industrial production, the globalisation of markets, the relationship between industrialised and emerging economies, structural adjustment, the role of international institutions, the opportunities for global businesses, the increased attention to the human development perspective.

Students will benefit from having attended and successfully completed a course in Principle of Economics or Microeconomics

Recap of basic concepts from previous module;
What is development?
Major schools of thought in Development Economics;
Issues in development: poverty and inequality;
Growth versus development; structural adjustment and industrialisation;
Globalization: the Bretton Wood system and how it has changed;
The role of international institutions (IMF; WB);
Meaning of and opportunities coming from the Sustainable Development Goals;
The role and the debate over industrial development policy;
Industrial and trade development strategies: Import substitution, export orientation and their tools;
International experiences in policies and development (China, USA, Africa)

Raj Debraj (1998), Development Economics, New Jersey: Princeton University Press – chapters 6, 7, 10, 17;
Diana Hunt (1989), Economic Theories of Development: An Analysis of Competing Paradigms, London: Harvester Wheatsheaf – chapter 2, 3;

Additional readings will be made available during the course

Students will be evaluated through essays and a written exam

Lectures, class discussions and laboratories

Due to the health-emergency the exams of June 2020 will be online. An oral examination will take place through online conference.

written

This subject deals with topics related to the macro-area "Poverty and inequalities" and contributes to the achievement of one or more goals of U. N. Agenda for Sustainable Development