Economics of Innovation

Master 2020/2021

Type: Compulsory course (Governance of Science, Technology and Innovation)

Area of studies: Management

Delivered by: Department of Educational Programmes

Where: Institute for Statistical Studies and Economics of Knowledge

When: 1 year, 1, 2 module

Mode of studies: offline

Instructors: Vitaliy Roud, Valeriya Vlasova

Master’s programme: Governance of Science, Technology and Innovation

Language: English

ECTS credits: 9

Contact hours: 96

Full Syllabus Ask Question

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

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

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

Technology upgrading and economic catch-up / Middle income trap
Introduction: Science, technology and innovation in the economic analysis
Nature of innovation
International innovation
Genesis of innovation concept
Innovation and the agenda of development studies
Agents and process of innovation
Innovation and Intellectual property rights
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
Innovation, economic growth, economic convergence
Digitalization and innovation

Assessment Elements

Stands for in-class participation (quizzes)
Presentation
Structured literature review (essay)
Final exam

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

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

Course Syllabus