Foundations of Innovation (10SMSTS-113)

Description

Foundations of Innovation examines innovation from an interdisciplinary perspective, integrating concepts from economics, management, law, sociology and ethics. The course provides a structured overview of how innovation processes unfold within markets, organizations, and institutional frameworks, and how legal and ethical considerations influence innovation dynamics and outcomes. Core topics include the economics of innovation, intellectual property frameworks, organizational and cultural dimensions of innovation, ethical challenges, and social impact. The course combines conceptual discussion with empirical studies and selected real-world cases to illustrate contemporary innovation practices and debates.

Students will develop a solid understanding of core theoretical concepts from economics, management, law, and ethics that underpin innovation. They will learn to apply these frameworks to analyze real-world innovation challenges and to evaluate how markets, organizations, legal rules, and ethical considerations shape innovation outcomes. Students will also learn to critically assess empirical research and practical cases, integrating evidence and industry insights with theoretical perspectives. By the end of the course, they will be able to formulate well-reasoned arguments about contemporary innovation issues grounded in both theory and empirical evidence.