ECONOMICS OF INNOVATION AND DEVELOPMENT-1

The first teaching module aims to introduce and deepen the main concepts, models and tools for analysing long-run economic development, with a specific focus on the role of technological innovation and openness to international markets. The guiding theme is the centrality of productive knowledge in the processes of economic value creation.

1) Knowledge and understanding:
To know the main models of analysis of the economics of innovation and development.
Understand the role of technological change, human capital and institutional quality in long-run growth.
Become aware of the economic, social and territorial impacts of innovation.
Know and critically consider the main economic and industrial policies for growth and innovation.

2) Ability to apply knowledge and understanding:
Use the concepts learnt to interpret the evolution of economic systems, public policies, business strategies, market regulation in relation to the economics of innovation.
Know how to use the main data bases on economic development and innovation.

3) Judgement skills:
To be able to formulate and argue interpretative hypotheses on the development of technologies and their effects on economic agents and society.

4) Communication skills: The student must be able to present and discuss acquired knowledge in a coherent manner.

Basic concepts of Micro and Macro-economics

- Concepts and measures of economic development
- Economic development and technological change in historical perspective
- Economic growth and innovation in the thought of classical economists
- A model of growth with exogenous technical change
- Theories of endogenous growth
- Human capital
- The economics of knowledge and innovation
- The approach to economic complexity
- Digital technologies and new globalisation
- Development, innovation and inequality
- Economic institutions and development
- Innovation policies

- Philippe Aghion, Céline Antonin, Simon Bunel, The Power of Creative Destruction. Economic Upheaval and the Wealth of Nations, Harvard University Press

- Elhanan Helpman, The mystery of economic growth, Harvard University Press

Other readings and teaching materials will be made available to students in the Moodle area of the course.

The final assessment consists of a written test at the end of the course and intermediate checks that will be carried out during the course, including in-depth studies and readings by students

Lectures, in-depth readings, classroom testimonies

English

written and oral

This subject deals with topics related to the macro-area "Human capital, health, education" and contributes to the achievement of one or more goals of U. N. Agenda for Sustainable Development