Course Details

Course Information Package

Course Unit CodeABSO308
Course Unit Details
Number of ECTS credits allocated5
Learning Outcomes of the course unitBy the end of the course, the students should be able to:
  1. Understanding processes that lead to the creation of innovations, with particular focus on firms and networks.
  2. Providing an account of the wider systematic setting influencing innovation and the role of institutions and organizations in this context.
  3. Focusing on the consequences of innovation with respect to economic growth, international competitiveness, and employment.
Mode of DeliveryFace-to-face
Recommended optional program componentsNONE
Course Contents

Innovation in the making:

·        Types of innovation

·        Sources of innovation

·        Theories of innovation

·        Networks of innovators

·        Organizational innovation

·        Measuring innovation

·        Innovation and intellectual propertyrights


The Systemic nature of innovation:

·        Systems of innovation

·        Innovation clusters

·        National systems of innovation

·        Regional systems of innovation


How innovation differs:

·        Sectoral systems of innovation: whyinnovations differ across sectors?

·        Innovation in “Low Tech” industries

·        Innovation in services

·        Innovation diffusion

Recommended and/or required reading:
  • Exploring Innovation by David Smith, Mc Graw Hill, 2nd edition, 2011
  • The Economics of Innovation: An Introduction by Peter Swann, Edward Elgar Publishing, paperback edition 2009
  • The Oxford Handbook of Innovation by Jan Fagerberg, David Mowery and Richard Nelson (Eds.), Oxford University Press, latest edition
Planned learning activities and teaching methodsLectures and class discussions
Assessment methods and criteria
Midterm test40%
Final Exam60%
Language of instructionEnglish
Work placement(s)NO

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