Innovation Economics and Management
Code
9785
Academic unit
Faculdade de Ciências e Tecnologia
Department
Departamento de Ciências Sociais Aplicadas
Credits
6.0
Teacher in charge
Célia Maria Castanheira de Moura da Costa Cabral
Total hours
60
Teaching language
Português
Objectives
Students are expected to grow an understanding of some of the key elements of the innovation process.
The analysis of the Innovation Scoring methodology and of some basic tools for the preparation of innovation evaluation report will help students to learn how to analyse and diagnose the innovative skills of an organization.
Subject matter
1. Innovation - the concept; different perspectives and types. The difference between innovation, invention and difusion. Innovation as a process. Models of invention and of innovation. Radical and Incremental Innovation, Measuring innovation - indicators.
2. The meaning of “Innovation” in different study areas. Some basic concepts: Technological change, Technological Advancement, Product Innovation, Process Innovation, Organizational Innovation, End-user Innovation. Product Proliferation. (market segmentation). Innovative Pricing. Network Effects.
3. Innovation and Economic Policy – The Theory of Institutions. Institutions and Risk reduction and coordinatop. Standards. Intellectual Property rights. Incentive creation for private R&D and investing in Public R&D. Government R&D activities and potential crowding-out of private R&D. Market failure and intervention.
4. Project Analysis. Public Projects’ Analysis. Cost-Benefit Analysis. Cost-Effectiveness Analysis. The contingent valuation method (and stated preferences) and the revealed preferences method.
5. Measuring Innovation – Valuation problems. Measuring Innovative Capabilities’ Resources
Bibliography
Swann, G. M. Peter, The Economics of Innovation - An Introduction, Edward Elgar, Chelthenham, UK, 2009
Freeman, Chris and Luc Soete - The Economics of Industrial Innovation 3rd ed., 1997, Continuum;
Lancaster, Kelvin J., A New Approach to Consumer Theory, The Journal of Political Economy, Vol. 74, No. 2 (Apr., 1966), pp. 132-157
Oslo, Frascati and Camberra Manuals amd COTEC Innitiative - will be made available
Sousa, C., 2007- will be made available
* Main text
Teaching method
Classical class presentations with midterm and final exam
Evaluation method
Final examination in date TBA