| CODE | ECN3240 | ||||||||
| TITLE | Economics of Innovation, Creativity and Knowledge | ||||||||
| UM LEVEL | 03 - Years 2, 3, 4 in Modular Undergraduate Course | ||||||||
| MQF LEVEL | 6 | ||||||||
| ECTS CREDITS | 4 | ||||||||
| DEPARTMENT | Economics | ||||||||
| DESCRIPTION | The study-unit integrates themes within more recent economic literature dealing with the aspects of creativity and innovation. Both are based on the effective exploitation of new knowledge, the exploration of new ideas or new ways of using existing knowledge. The study-unit is divided into two main parts: the theoretical framework (definitions, concepts, intellectual property rights, clusters, externalities and diffusion); and a more practical approach with applied case studies, such as the EU's Innovation Union, the creative economy, international trade in the creative industries, the role of education in knowledge creation and other policy implications and strategies. Study-unit Aims: The aim of this study-unit is to provide students with increased awareness of new competitiveness methods available to a country based on its human resource, through theoretical and practical examples. Learning Outcomes: 1. Knowledge & Understanding By the end of the study-unit the student will be able to: - identify how to increase and/or change the comparative advantage of a country through innovation; - identify the policy implications to augment the effectiveness or a country's existing resources through creativity and knowledge. 2. Skills By the end of the study-unit the student will be able to: - analyse the economic efficiency of policies dealing with the sustenance of new forms of economic ventures in the creative and knowledge industries; - criticize and evaluate methods and strategies supporting innovative techniques which encourage and increase the competitiveness of a country. Main Text/s and any supplementary readings: - Foray D. (2004) Economics of Knowledge. The MIT Press. - Leonard D. (2011) Managing Knowledge Assets, Creativity and Innovation. World Scientific Publishing Co. Ltd. - Schumpeter J. A. (1943) Capitalism, Socialism, and Democracy. Routledge. - Swann P. (2009) The Economics of Innovation. Edward Elgar Publications. - UNCTAD (latest report) Creative Economy Report. United Nations. Other articles and reading material will be suggested during the course. |
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| ADDITIONAL NOTES | Pre-requisite Study-unit: EMA1310 | ||||||||
| STUDY-UNIT TYPE | Lecture | ||||||||
| METHOD OF ASSESSMENT |
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| LECTURER/S | Rose Marie Azzopardi |
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The University makes every effort to ensure that the published Courses Plans, Programmes of Study and Study-Unit information are complete and up-to-date at the time of publication. The University reserves the right to make changes in case errors are detected after publication.
The availability of optional units may be subject to timetabling constraints. Units not attracting a sufficient number of registrations may be withdrawn without notice. It should be noted that all the information in the description above applies to study-units available during the academic year 2023/4. It may be subject to change in subsequent years. |
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