Topic outline

  • Syllabus

    InstructorsMichael Keller and Andrea Vezzulli

    Office hoursPlease contact the instructor via email to schedule a meeting

    Course composition: The course is composed by frontal class and class activities

    Aim: This class aims at developing a sound understanding of the mechanisms linking innovation with the evolution of the economic system at different levels of aggregation. The class blends frontal lecture with other activities in order to help students to practice the key concepts of the area.

    Evaluation (attending students):

    1) Group work 1: student presentations on Part A (Vezzulli) - (weight 25%)

    2) Group work 2: presentation + written report on Part B (Keller) – (weight 50%)

    3) Group work 3: debate. (+0/1 point in the final evaluation)

    4) Exam: 2 questions on part A (Vezzulli) 

    • Students participating in Group work 1 can choose to answer only 1 out of the 2 questions on part A (in ½ hour) – (weight 25%).
    • Students not participating in Group work 1 must answer both questions on part A (in 1 hour) – (weight 50%).

    Evaluation (non-attending students):

    Written exam: 4  questions (2 hours) - 2 on part A (Vezzulli) and 2 on part B (Keller)

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    Prof. Keller's message

    Readings and slide for Michael Keller's part: https://bit.ly/3778tcz.

     

     #/Date

    Title

    Instructor

    Suggested Readings

    Part A: Prof. Vezzulli

    1

    20/09

    Intro: Basic definitions

    Vezzulli

    Dosi, G., & Nelson, R. R. (2010). Technical change and industrial dynamics as evolutionary processes. Chapter 3 in Handbook of the Economics of Innovation, 1, 51-127

    2

    20/09

    Intro: Innovation and Science

    Vezzulli

    Nelson R.R. (1959). "The Simple Economics of Basic Scientific Research," Journal of Political Economy, 67: 297-297

    Nelson R.R., (2006). "Reflections on "The Simple Economics of Basic Scientific Research": looking back and looking forward," Industrial and Corporate Change, 15(6): 903-917.

    3

    30/9

    Innovation and Growth

    Vezzulli

    Greenhalgh, C., & Rogers, M. (2010). Innovation, intellectual property, and economic growth. Princeton University Press  (Chapters 8 and 9)

    Feenstra R.C., (1998) "Integration of Trade and Disintegration of Production in the Global Economy", Journal of Economic Perspectives, 12(4):31-50.

    4

    30/9

    Innovation and Globalization

    Vezzulli

    5

    11/10

    The industry life cycle

    Vezzulli

    Klepper S. (1997). “Industry Life Cycles”, Industrial and Corporate Change, 6(1):145–182.

    6

    4/10

    Industry characteristics: Techno regimes

    Vezzulli

    Breschi S., Malerba F., Orsenigo L. (2000). "Technological regimes and Schumpeterian patterns of innovation." The Economic Journal 110(463): 388-410.

    7

    4/10

    Market structure: Neo-Schumpeterian Hypothesis

    Vezzulli

    Greenhalgh, C., & Rogers, M. (2010). Innovation, intellectual property, and economic growth. Princeton University Press  (Chapter 5)

    8

    11/10

    Diffusion of Innovation

    Vezzulli

    Geroski, P. A., (2000). "Models of technology diffusion," Research Policy, 29(4-5):603-625.

    9

    18/10

    Strategic Patenting

    Vezzulli

    Hall, B., Helmers, C., Rogers, M. and Sena, V. (2014). "The choice between formal and informal intellectual property: a review". Journal of Economic Literature, 52(2):.375-423.

    10

    18/10

    Patents and the Market for Technology

    Vezzulli

    Arora, A. and Gambardella, A., (2010). "The market for technology". In Handbook of the Economics of Innovation, Vol. 1: 641-678

    11

    8/11

    The debate about the Patent System

    Vezzulli

    Encaoua, D., Guellec, D. and Martinez, C., (2006) “Patent Systems for Encouraging Innovation: Lessons from Economic Analysis”.  Research Policy, 35 1423–1440.

    Boldrin, M. and Levine, D.K., (2013). "The case against patents". Journal of Economic Perspectives, 27(1): 3-22.

    12

    8/11

    Debate

    Vezzulli

     

    Part B: Prof. Keller

    13

    14/11

    Innovation and location

    Keller

    Acemoglu, Daron, Simon Johnson, and James A. Robinson. The colonial origins of comparative development: An empirical investigation. No. w7771. National bureau of economic research, 2000

    14

    14/11

    Innovation and location

    Keller

    Mokyr, Joel. "Accounting for the industrial revolution." The Cambridge economic history of modern Britain 1 (2004): 1-27.

    15

    15/11

    RIS 3

    Keller

    Foray, D. (2018). Smart specialisation strategies as a case of mission-oriented policy—a case study on the emergence of new policy practices. Industrial and Corporate Change, 2018, 1–16

    16

    15/11

    RIS 3

    Keller

    Hausman, Hidalgo et al. The Altas of Economic Complexity

    17

    21/11

    RIS 3

    Keller

    Audretsch, David B., and Maryann P. Feldman. "R&D spillovers and the geography of innovation and production." The American Economic Review 86.3 (1996): 630-640.

    18

    21/11

    Innovation and the firm

    Keller

    Freeman, Chris. "The ‘National System of Innovation’in historical perspective." Cambridge Journal of economics 19.1 (1995): 5-24.

    19

    28/11

    Innovation and the firm

    Keller

    Hodgson, Geoffrey M. "Evolutionary and competence-based theories of the firm." Journal of Economic Studies 25.1 (1998): 25-56.

    20

    28/11

    Innovation and the firm

    Keller

    Clayton M. Christensen et al. (2018). Disruptive Innovation: Intellectual History and Future Paths. Journal of Management Studies. Volume 55, Issue 7.

    21

    6/12

    Student presentations

    Vezzulli

     

    22

    6/12

    Student presentations and wrap up

    Keller

     

    23

    13/12?

    Exam

    Vezzulli