Learning objectives
1. Knowledge: This course will allow students to better understand the relationship between State & Market in a policy area such as Industrial Policy which has returned to the top of Europe’s political agenda.
2. Judgment: Students will improve their capacity to read and understand the contents both of official documents (e.g., European Commission Communications), and of media articles - with special emphasis on the analysis of “new” industrial policies -, thereby learning how to independently evaluate the effects of public policies towards industries and firms.
3. Communication skills: This course encourages the communication skills of students, structuring talks on European topics (Seminars & Workshops) in the following ways: (i) collective discussion of official documents and/or media articles; or (ii) a paper presentation; the organization of both (i) and (ii) will be explained in class at the beginning of the course.
Prerequisites
A solid background in Microeconomics and Macroeconomics.
Course unit content
The New European Industrial Policy:
• An overview: the re-launch of Industrial Policy in Brussels (2002-today)
• A theoretical framework and the ‘Jacquemin-Rodrik Synthesis’
• The worldwide manufacturing renaissance and the EU’s role
• The ‘European Champions’
• Industrial Policy and ‘Models of Capitalism’
• The European Industrial Policy ‘Triangle’: reshaping EU’s third side (i.e., technology policy)
• More recent developments: the European ‘strategic autonomy’
• State & Market in today’s Europe
Full programme
The extended Syllabus will be made available before classes begin.
This program will be released on the ELLY platform of the Course of 'Cooperation and Competition among Firms” (IBD Master Course), and the same program holds true for the Course of ‘European Industrial Policy’ (ADA Master Course).
Bibliography
Franco MOSCONI, 'The New European Industrial Policy. Global competitiveness and the manufacturing renaissance', Abington & New York, Routledge, 2015 (either paperback edition, 2020 or eBook: https://www.routledge.com/The-New-European-Industrial-Policy-Global-Competitiveness-and-the-Manufacturing/Mosconi/p/book/9780367599102).
Some possible ways of purchasing the textbook will be indicated on the ELLY platform. And a set of Didactic Materials will also be made available on the ELLY platform for further investigation and update of some of the topics covered in the monograph.
Students will have access to the required readings before classes begin.
Teaching methods
The course will be taught following three main teaching tools:
1. Standard lectures
2. Guest speakers from the business community (e.g., entrepreneurs, managers, researchers from think-tanks)
3. Seminars & Workshops (see above: Communication skills).
Assessment methods and criteria
Written exam.
Applying knowledge and understanding will be evaluated through 2 essay questions (on theoretical arguments that are clearly covered both in the textbook and in the other didactic materials), for a maximum of 10 points each.
Communication skills using appropriate technical language, independence of opinion and learning skills will be evaluated through a brief commentary given about a table or a figure or a case-study, for a maximum of 10 points.
The written exam will last 1 (one) hour. The written exam is graded on a 0-30 scale. Cum laude recognition will be given to students who have received the maximum score on all items and who have shown mastery of the academic lexicon and precision in their explanation of the subject matter. Each answer must be limited to a single (one) page.
Other information
This same Syllabus also applies to students in the Master degree’s program in Business Administration & Management (LM ADA): their subject is called 'European Industrial Policy'.
