SEMINAR IN INNOVATION ECONOMICS I
- Assessment methods
- Learning objectives
- Delivery method
- Teaching methods
None; However some microeconomics and basic econometrics would help.
Students will be evaluated both on the basis of their active participation to class activities (50% of final marks) and on a 3000-word essay, to be delivered about a month after the end of the course. As part of the participation to the class activities, during the last class (Monday, 05/11) students are asked to present one of the topics presented the first day of the course.
Non-attending students will be evaluated on a written exam only (four short essay questions).
The course provides an overview of the main topics of economics of innovation, with a particular attention to intellectual property rights (from now on IPRs). The first part of the course will focus on the source of innovation and science policy. The second part will cover issues related to IPRs. The last part will focus on the role of non-practicing entities (from now on NPEs), such as universities and patent assertion entities in the patent market.
The main topics of the course are:
• Part 1: Source of Innovation (Science + Learning by Doing / Learning by Using / Design) and Science Policy (The Economics of (Basic) Science + The Economics of R&D Subsidies)
• Part 2: The Economics of IPRs (Introduction + Patent historical overview + Optimal Patent Duration + Strategic patenting)
• Part 3: NPEs in the patent market (Universities and Patent Assertion Entities)
• Guellec, D., and B. Van Pottelsberghe (2007) The economics of the European patent system: IP policy for innovation and competition. Oxford University Press
• Scotchmer S. (2004) Innovation and Incentives, MIT Press (Chapters 1-5 Only)
• Additional reading materials will be provided the first day of the course
The course will combine frontal teaching and students’ discussion of readings.