In addition, this course is reserved for students with a bachelor's degree in business engineering or students with equivalent quantitative method skills
At the end of this learning unit, the student is able to :
Having regard to the LO of the programme, this activity contributes to the development and acquisition of the following LO:
At the end of this course, the student will be able to:
The contribution of this Teaching Unit to the development and command of the skills and learning outcomes of the programme(s) can be accessed at the end of this sheet, in the section entitled “Programmes/courses offering this Teaching Unit”.
- We introduce the main concepts and explain why activities generating information and knowledge are marred by three sources of market failures, which contribute to create a generic problem of appropriability.
- We compare various public policy measures that are designed to alleviate this problem of appropriability.
- We assess the effect of market structure on the incentives for R&D.
- We study how patent protection should optimally be designed. In particular, we address the questions of the optimal length and breadth of patents.
- We apply the previous general analyses to the specificities of the digital economy. Two topical issues are addressed: the piracy of digital products and the development of open-source software.
- Information and appropriability
- Market structure and incentives for R&D
- Patents and efficiency
- Intellectual property in the digital economy
Due to the COVID-19 crisis, the information in this section is particularly likely to change until September 13.The theoretical material is presented during the lectures. Students are asked to work in groups and individually in order to apply the theoretical framework to specific case studies and/or to topical issues.
- Group discussions
- Testimonies by external experts
- Readings to prepare the lectures
Due to the COVID-19 crisis, the information in this section is particularly likely to change until September 13.The final grade in this course is based on grades in individual coursework (45%), group coursework (25%) and final exam (30%).
- Individual coursework. The individual coursework consists of written answers to five quiz questions about the cases discussed in class. Each quiz will consist of a single question, asking for a justified opinion. Your response to each quiz should be 300-500 words long. All quizzes are required to be completed, and the mark will consist of quiz answers relating to three cases, to be selected at random at the end of the course. Please bear in mind that – in addition to being marked – the quizzes have the purpose to prepare you for the class discussion.
- Group coursework. The task will be specified in class (the global theme on which the groups are working is changed every year). All members of the team will receive the same mark, regardless of individual contributions.
- Final exam. The final exam is a 1-hour, close-book, written exam covering the entirety of the course. The focus is on economic intuition and interpretation of cases, and not on mathematical reasoning. The exam will be organized in the two regular exam sessions (January and August).
- Important note. The marks for the individual coursework are set once and for all (this part of the assessment cannot be retaken). However, students have the possibility to retake the final exam in August and, if the mark of the group coursework is below 10/20, to replace it with an individual coursework (to be handed in June or in August).
- international case study
Lecture notes and Slides provided through Moodle