The course aims at analysing the socioeconomic impact of scientific and technological research with a focus on innovation in public services. The context of such analysis is particularly Europe, considering both EU research and innovation policies, and the experience of supernational bodies such as CERN and European Space Agency. The analytical framework is applied welfare economics with a focus on research infrastructures. After a recall of principles of cost-benefit analysis and of the reasons why CBA has been applied to capital-intensive infrastructures (such as in energy and telecommunications), we shall apply CBA to research infrastructures. We shall study the (potential or actual) impact of science on socio-economic welfare and particularly on the delivery of new forms of knowledge-intensive public services, such as for example Earth Observation with satellites.The course is different by objectives, structure and content from previous editions (with the same title) until 2018/2019.
Expected learning outcomes
Students will acquire: a) an understanding of design and implementation problems of research and innovation policies particularly with a focus on the strategical role of research infrastructures; b) the ability to examine the potential impact of such policies on public services; c) skills in cost-benefit analysis as applicable in new fileds.
Lesson period: Second trimester
(In case of multiple editions, please check the period, as it may vary)
The first part of the course in Public Finance examines the role of the State in the economy, with a specific focus on welfare economics and the theory of public choice, public spending and economic effects of taxes. The second part on Cost Benefit Analysis will introduce students to the evaluation of public investment and in general of programs and projects in the context of public policy.
Prerequisites for admission
English language, microeconomics and statistics
The general theme of the course is: Economics of science and innovation in public services. After a recall of principles of cost-benefit analysis and why CBA has been applied to capital- intensive infrastructures (such as in energy and telecommunications), we shall apply CBA to research infrastructures. We shall study the (potential or actual) impact of science on socio-economic welfare and particularly on the delivery of new forms of knowledge-intensive public services.
Florio M "Investing in science. Social cost-benefit analysis of research infrastructures (MIT Press 2019), Slides in ARIEL
Assessment methods and Criteria
Preparation of a written report, with horal discussion