96877 - THE ECONOMICS OF ENTREPRENEURSHIP

Learning outcomes

At the end of the module, students: - achieve an in-depth knowledge of the theories of new firm formation and firm internal and external growth, of the relationship between choice of financial model and R&D investment, and of the most innovative sources of financing from a comparative perspective; - gain a good command of the use of qualitative and quantitative data for the analysis of innovative activities and of the techniques to support the choice of financial strategies within organizations.

Course contents

The course provides the fundamentals of the economics of entrepreneurship, from the perspective of both new firms and policy makers.

Readings/Bibliography

Simon C. Parker (2018). The Economics of Entrepreneurship. Cambridge University Press, 2nd edition.

Carbonara, E., & Santarelli, E. (2022). The Impact of Constitutional Protection of Economic Rights on Entrepreneurship: A Taxonomic Survey. Foundations and Trends in Entrepreneurship.

Baumol, W. J. (1996). Entrepreneurship: Productive, Unproductive, and Destructive. Journal of Business Venturing, 11(1): 3-22.

Teaching methods

Lectures, class discussion, courseworks.

Assessment methods

Coursework (60%), final written exam (40%), for the purposes of which students will need to answer four out of five questions within 45 minutes. For students unable to attend the lessons: a final written exam, in which they will have to answer 8 open-ended questions and 4 multiple-choice questions within 90 minutes.

Grading criteria:

18-23: the student has sufficient preparation and analytical skills, spread however, over just few topics taught in the course, the overall jargon is correct

24-27: the student shows and adequate preparation at a technical level with some doubts over the topics. Good, yet not to articulate analytical skills with the use of a correct jargon

28-30: Great knowledge about most of the topics taught in the course, good critical and analytical skills, good usage of the specific jargon

30L: excellent and in depth knowledge of all the topics in the course, excellent critical and analytical skills, excellent usage of specific jargon.

Teaching tools

Other teaching material, including slides used during the lectures and papers will be made available to students on a weekly basis through the 'Virtuale' platform.

Office hours

See the website of Enrico Santarelli