Innovation and industrial change are two key characteristics of modern economies. Firms and industries in advanced countries, as well as emerging economies, must deal with changes in technologies, markets, and the radical transformation of industrial structures. The course aims to provide a broad understanding of the processes and factors driving innovation and industrial change, and to equip students with the tools necessary to analyze the relevance and impact of innovation and industrial change for firms, sectors, and the economy. A basic understanding of microeconomics and industrial organization would be helpful for students.
The course introduces to the broad field of economics and management of firms; the basic concepts and theories of modern management are presented and discussed. The mission of the course, as well as its specific educational goals, can be summarized as follows: a) Make students aware of the complementary roles that different actors (individuals, organizations, institutions) play in modern economic systems. b) Develop a critical attitude regarding the objectives and the behaviour of people engaged in economic activity. c) Provide students with the fundamental concepts required for the economic analysis of firms' processes, as well as the ability to use them in basic situations. d) Provide basic tools to make decisions based on a scientific approach: basics of probability and predictions. e) Provide a systematic picture of the wide range of decisions faced by managers and of the underlying economic analyses. The course is designed in the purpose to combine concepts and theory with the richness of firms' real life. For this reason, students are strongly encouraged to take an active part in the learning process.