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Lecturer(s)
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Course content
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Models of economic and regional development, regional competitiveness. Production function and regional knowledge production function. Economic and financial aspects of knowledge creation, diffusion and spillovers. Role of intellectual capital, human capital and labour mobility. Innovation and its determinants, open vs. closed innovation concepts. National and regional innovation ecosystems. Regional innovation policy and governance, economic and financial aspects of innovation. Public funding for innovation, innovation (R&D) subsidies, government financial and non-financial support for innovation. Networking and cooperative networks, university-industry-government cooperation. The economic and financial effects of foreign direct investments on innovation. Measuring and monitoring innovation performance and regional competitiveness.
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Learning activities and teaching methods
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Monologic (reading, lecture, briefing), Dialogic (discussion, interview, brainstorming), Skills training
- Preparation of a presentation (report)
- 12 hours per semester
- Contact teaching
- 39 hours per semester
- Preparation for an exam
- 42 hours per semester
- Home preparation for classes
- 25 hours per semester
- Term paper
- 32 hours per semester
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Learning outcomes
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A student who has successfully completed the course can: explain the principles on which the main regional economic theories are based, describe the main determinants of innovation activities, distinguish the role of different types of intellectual capital, describe the main theoretical concepts dealing with the creation of innovations at the national and regional level, explain the causes of innovation failure of companies and states, distinguish the different roles of the public and private sectors in creating innovation, identify the main barriers to successful innovation cooperation between different partners, identify ways to measure innovation performance, distinguish and characterize different ways of financing innovation activities and describe economic and financial aspects of innovation, A student who has successfully completed the course will: identify and list the circumstances and causes that affect innovation processes at regional and national level, interpret the economic and financial problems encountered by individual actors of cooperation at the level of university, industry, government, apply the results of competitiveness and innovation performance analyses at firm, regional, and country level, graphically interpret the scheme of the innovation ecosystem and describe the individual links that arise within this ecosystem, assess the economic and financial performance of territorial units using appropriate methods, formulate opinions on innovation processes and identify factors that influence the course of these processes, be properly oriented in the issues of financial support for cooperation, knowledge creation, and innovation, propose ways that will lead to more efficient spending of public funds to support research and development and innovation, A student who has successfully completed the course is able to: independently measure, evaluate and interpret the level of innovation performance of companies, regions, states, clearly interpret the practical recommendations for professionals, respond flexibly to new and changing contexts, summarize the possibilities of solving the problems of economic and financial support for innovation cooperation in the context of theory and practice.
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Prerequisites
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Students must know primarily the basics of micro and macro economics, especially regarding the behavior of economic entities.
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Assessment methods and criteria
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Oral examination, Student performance assessment, Self project defence, Presentation
Attendance at seminars is mandatory (70%), the student is continuously evaluated and at the end of the semester submits a seminar work (40% of the total grade). The oral exam serves to verify the student's knowledge and represents 60% of the total grade.
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Recommended literature
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CAPELLO, R., NIJKAMP, P. (2009). Handbook of Regional Growth and Development Theories. Cheltenham: Edward Elgar Publishing, 2009.
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COOKE, P., ASHEIM, B., BOSCHMA, R., MARTIN, R., SCHWARTZ, D., TÖDLING, F. (Eds.). Handbook of regional innovation and growth. Edward Elgar Publishing, 2011.
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FISCHER, M. M. Innovation, networks, and knowledge spillovers: selected essays. Springer Science & Business Media, 2006.
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HUGGINS, R., THOMPSON, P. (Eds.). Handbook of regions and competitiveness: contemporary theories and perspectives on economic development. Edward Elgar Publishing, 2017.
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KOURTIT, K., NIJKAMP, P., STOUGH, R. R. (Eds.). Drivers of innovation, entrepreneurship and regional dynamics. Springer Science & Business Media, 2011.
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SONG, Y., GRIPPA, F., GLOOR, P. A., LEITAO. Collaborative Innovation Networks. Springer International Publishing, 2019.
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STEJSKAL, J., HAJEK, P., HUDEC. Knowledge spillovers in regional innovation systems. Berlin: Springer, 2018.
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URBANO, D., APARICIO, S., AUDRETSCH, D. B. Institutions, entrepreneurship, and economic performance. Springer International Publishing, 2019.
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