The course Research in Economics and Management of Innovation and Technology provides an advanced introduction to the economic and managerial foundations of innovation and technological change. It examines how innovation drives economic growth, transforms industries, shapes competitive advantage, and influences organizational performance. Drawing on perspectives from innovation economics, strategic management, entrepreneurship, and organizational theory, the course explores the mechanisms through which firms, industries, and economies create, develop, and capture value from innovation. Students engage with seminal and contemporary research on Schumpeterian growth, industry dynamics, technological change, organizational learning, and innovation management. Particular attention is devoted to the interplay between technological opportunities, firm capabilities, leadership, strategic decision-making, and institutional environments in shaping innovation outcomes. The course develops students' ability to critically evaluate academic literature, understand theoretical and empirical research designs, and apply innovation-related concepts to contemporary challenges such as digital transformation, artificial intelligence, platform competition, and technological catch-up. Through article discussions, empirical analysis, and research proposal development, students acquire the analytical and methodological skills necessary for conducting research in economics and management of innovation and technology.
Learning Objectives
The course Research in Economics of Innovation and Technology Management aims to provide PhD students with advanced theoretical and empirical knowledge on the economics, management, and governance of innovation and technological change. The course develops students’ ability to critically analyze contemporary research, apply relevant conceptual and methodological approaches, and conduct independent research on innovation processes at the firm, industry, regional, and national levels.
Expected Learning Outcomes
Сritically evaluate different definitions and typologies of innovation.
Analyze the economic and managerial factors that influence innovation processes and outcomes
Explain the mechanisms of Schumpeterian growth.
Evaluate the role of innovation in economic development.
Critically assess empirical evidence on the economic and social consequences of technological change.
Explain and analyze the relationship between innovation and industry structure
Apply industry dynamics frameworks to contemporary technological sectors.
Explain the exploration–exploitation dilemma.
Assess the role of organizational ambidexterity in innovation.
Analyze how leadership and proactive behavior influence the development of innovative capabilities.
Course Contents
Introduction: Innovation as a Field of Economics and Management Studies
Schumpeterian Innovation, Creative Destruction, Technological Change, and Innovation-Driven Growth
Industry Dynamics and Innovation
Balancing Exploration and Exploitation in Innovation
Assessment Elements
Presentation of basic paper
Presentation of basic paper and class discussion
Critical review and presentation of empirical paper
Class activities
Class participation, discussion, estimations, quizzes
Research proposal
Interim Assessment
2026/2027 2nd semester
0.4 * Research proposal + 0.2 * Critical review and presentation of empirical paper + 0.2 * Presentation of basic paper + 0.2 * Class activities
Bibliography
Recommended Core Bibliography
Garcia, R., & Calantone, R. 2002. A critical look at technological innovation typology and innovativeness terminology: a literature review. Journal of Product Innovation Management
Soete, L., & Freeman, C. (2007). Developing science, technology and innovation indicators: what we can learn from the past. MERIT Working Papers.
The Oxford handbook of innovation, Fagerberg J., 2006
Recommended Additional Bibliography
Füller, J., Hutter, K., Wahl, J., Bilgram, V., & Tekic, Z. (2022). How AI revolutionizes innovation management – Perceptions and implementation preferences of AI-based innovators. Technological Forecasting & Social Change, 178, 121598
Heiko A., Vennemann C. R., & Darkow I. L. (2010). Corporate foresight and innovation management: A portfolio-approach in evaluating organizational development. Futures, 42(4), 380-393.
Hobday, M. (2005). Firm-level innovation models: Perspectives on research in developed and developing countries. Technology Analysis & Strategic Management, 17(2), 121–146. https://doi.org/10.1080/09537320500088666
Mary M. Crossan, & Marina Apaydin. (2010). A Multi Dimensional Framework of Organizational Innovation: A Systematic Review of the Literature.
Ritala, P., & Stefan, I. (2021). A paradox within the paradox of openness: The knowledge leveraging conundrum in open innovation. Industrial Marketing Management ; Volume 93, Page 281-292 ; ISSN 0019-8501. https://doi.org/10.1016/j.indmarman.2021.01.011
Solow, R. M. (1956). A Contribution to the Theory of Economic Growth. Quarterly Journal of Economics, 70(1), 65–94. https://doi.org/10.2307/1884513
Strategic management of technological innovation, Schilling, M. A., 2010
Yong Jae Shin, & Yongrok Choi. (2019). Feasibility of the Fintech Industry as an Innovation Platform for Sustainable Economic Growth in Korea. Sustainability, (19), 5351. https://doi.org/10.3390/su11195351
Zedtwitz, M., Corsi, S., Søberg, P. V., & Frega, R. (2015). A Typology of Reverse Innovation. Journal of Product Innovation Management, 32(1), 12–28. https://doi.org/10.1111/jpim.12181
Zobel, A. (2017). Benefiting from Open Innovation: A Multidimensional Model of Absorptive Capacity. Journal of Product Innovation Management, 34(3), 269–288. https://doi.org/10.1111/jpim.12361
Преподаватель
Молодчик Мария Анатольевна
Course Syllabus
Abstract
Learning Objectives
Expected Learning Outcomes
Course Contents
Assessment Elements
Interim Assessment
Bibliography
Recommended Core Bibliography
Recommended Additional Bibliography
Authors