The content for option C, Major C1 is provided in the tables below. It is composed of blocks of courses for all the corresponding cohort and of blocks in which students can choose between different special focuses (SF).
Semester 1 at the University of Turin (Faculty of Political Sciences)
The students in “option C” (Major C1) spend the first semester at Turin. They take the same courses as “option A” students. In year long courses (basic and advanced), option C students will take the first part of the course (basic).
The objective of this semester is an introduction to the topics of knowledge and innovation and industrial and local development from an interdisciplinary perspective. These issues are explored in depth within the development theory framework, during subsequent semesters.
The semester is structured in five blocks. The objective is to provide technical tools suited to the training of policy experts.
The first block deals with “knowledge and innovation economics”. It is directly related to the option chosen by the student. It comprises three courses delivered by world leading academics:
- “Economics of innovation” (basics) (by C. Antonelli) develops the foundations of the economics of innovation, from the classical legacies to the economics of complexity. It is introduced through the issues of total factor productivity and the direction of technological change. An in-depth analysis of the link between “innovation and growth” is considered, relying on a wide range of the economics literature and especially the one deriving from Marx, Adam Smith, Schumpeter, Marshall, Arrow and the evolutionary economists. “Localized technological change” (irreversibility, procedural rationality, localized learning, technological change as meta-factor substitution) are discussed, as well as the “economic complexity of technological change” (creative vs adaptive reaction, positive feedbacks in innovation, knowledge externalities, recombinant knowledge production function technological knowledge as a collective activity, diffusion and creative adoption, structure of innovation, and especially sectoral and national systems of innovation). Policy issues related to these issues are addressed in detail and illustrated by real life case studies and examples that provide the experience which, combined with the theory, will give students expertise in actual innovation processes.
- “Knowledge economics” (basics) (by A. Geuna) aims to develop a critical knowledge of the fundaments of the economics of policy of knowledge with particular emphasis on university research. The course introduces the student to the principal institutions and policies in the area of research and innovation in the G7 countries. Particular attention will be paid to comparative analysis. The course includes a thematic seminar on the economics and policy of the cinema industry. The course is structured in four main modules. The first provides a brief introduction to the economics of innovation with particular attention to the concepts of knowledge and information. The second focuses on the higher education and research systems in a set of European countries and the US (depending on the availability of guest speakers it is hoped also to include Japan and China). Two courses are devoted to discussion of Science and Technology Indicators for policy making. The third module is devoted to critical analysis of important policy instruments such as research assessment and foresight; how these policies were developed; how they have been adapted in other countries; how effective they are and under what conditions they can be applied. The final module examines in detail the relationship between science and technology with a special focus on academic patenting and other channels of knowledge transfer. The case of the movie industry will be one of the sectors analysed in depth.
The second block will focus on the interdisciplinary perspective of economic policies. It will introduce the question of development policy and discuss issues related to Northern and Southern countries (including developing and emerging countries) and local and global development. This block, entitled “Institutions, international markets and local policies” is composed of two courses:
- “Sociology of international development” (basics) (by F. Ramella) deals with the social and political construction of markets on an international basis. It examines the policies implemented in very different situations: the intervention of the state in Chinese capitalism, the role of local economies, the importance of networking in a global economy. It includes an introduction to the main theories of development and an in-depth analysis of the role of institutions and social networks (on the regulation of international trade, on transition processes, on emerging capitalisms in Asia). Emphasis will be directed to (i) the link between economic globalisation and territories, (ii) the new role of the state in the processes of development, and (iii) the role of social capital and networks in the old and new capitalisms.
- “Local development” (basics) (by F. Barbera) has two main objectives: (i) to explain local development from an economic, social, political and cultural point of view; (ii) to describe some of the main experiences of local development in Italy (including clusters and new policies for local development) and in developing countries (micro-credit, conflict management, management of environmental resources, etc.).
These first two blocks will provide a widely interdisciplinary approach to economic policy, completed by a third block to provide students with expertise in “quantitative methods for social sciences” (basics) (by C. Carota). It provides quantitative tools to understand papers published in economic journals (optimisation, basis of econometric modelling, applications).
The fourth block has two special focuses. Students must choose one from:
- SF1-T: “Cultural industries and global markets” (by E. Bertacchini), which analyses policies and development of cultural industries, as well as the link between the cultural and economic patterns of local development, within a multidisciplinary approach. The issues addressed include “culture and the models of local sustainable development”, the theory of cultural clusters, the role of collective property rights, the dynamics of culture, tourism and development. The sectors studied include: material industries (including industrial design, fashion, gastronomy…), content sectors (movie industry, television, radio, publishing, advertising), patrimony (museums, architecture, performances, theatres and contemporary arts), and in relation to both developed and developing countries, with a special emphasis on China, India and the Middle-East. Data from the main international agencies: EU, UN, UNDP, UNESCO, WORLD BANK and WIPO will be exploited.
- SF2-T: “The global economy and multinational corporations” (by G. Balcet) aims at providing conceptual and analytical tools (i) to understand the origins, trends and impacts of globalisation at the micro and macroeconomic levels and (ii) to deal with the policy implications of globalisation at the national and international levels. The lectures include a historical survey on foreign direct investment (FDI) and multinational corporations (MNC) since 1870, the study of MNC patterns, the joint ventures and cooperative behaviours, the globalization of technology and innovation, the mutual impacts of MNCs on emerging countries. Case studies will be addressed to illustrate key questions, with a special focus on the automotive industry.
The fifth block will address languages. Introductory French will be mandatory for students who have not studied the language previously. The opportunity to study Italian (beginners or advanced levels) and advanced English will also be offered.
These five blocks will provide top level and consistent training on knowledge and innovation policies and on key development issues, with their originality being a truly interdisciplinary approach. They will include economics, sociology, history and political science. Consistent with the aim of the EPOG Master’s course, this will provide both specific expertise and a systemic understanding of economic policies in a globalised economy.
All courses will be delivered in English at the University of Turin, except possibly the “special focuses” (fourth block). For the corresponding courses, the teaching language will be governed by the number of students that have opted for each focus. At least one of the two special focuses will be taught in English.
Course details (teaching hours, ECTS, teaching staff) for the Semester 1.
Semester 2 at Wits University
Students choosing “option C” (Major C1) spend the second semester at Wits University. The semester will be structured in six blocks aimed at providing strong theoretical base for the development of theory and a solid understanding of African issues, provided by the participation of renowned experts.
The first block deals with “Political economy of development” (Responsible: N. Pons-Vignon). This collective course will be delivered by a group of renowned experts, including Professor Ben Fine (SOAS, University of London), and will be coordinated by Nicolas Pons Vignon (Senior Researcher, Wits). It focuses on different approaches to economic growth and their implications for conceptions of development and underdevelopment, the nature of poverty and the role of the state in the development process. The syllabus is designed to provide an overview of the elements of theory and policy that are especially relevant to the study and practice of development. The first half of the course covers essential theoretical and historical elements in economic thinking about development through an examination of different theoretical approaches and their successive policy outcomes. The second half of the course focuses on specific issues currently debated in the political economy of development using examples from Africa, Asia and Latin America. Issues covered include the role of the state, industrialisation, agriculture, labour markets, geography and planning and development in Africa. By the end of the course students should be familiar with key economic concepts, perspectives and debates relating to the study of development.
The second block addresses “Economic policy in developing countries: microeconomic, industrial and trade policy” issues. This collective course covers key microeconomics issues, with a view to providing an integrated perspective on the microeconomics of the firm, the role of corporations in industrial development, industrial structure and development and international trade. The section on microeconomics considers issues of coordination, conflict and competition in capitalist economies. It focuses on microeconomic theories of the firm and also examines the literature on the role of corporations and modern managerial firms within industrial development and international trade, with a particular focus on global value/ commodity chains. The section on industrial policy identifies key theories of industrial development and approaches to industrial policy. The section on trade policy examines classical, neoclassical, and heterodox theories of international commodity and factor trade. This section introduces theories with particular relevance to policy in developing countries, such as theories of North-South exchange, trade in conditions of market imperfection and increasing returns to scale, and the link between trade and development.
The third block addresses “Advanced macroeconomics for policy” issues (by R. McKenzie). This course provides an overview of closed and open economy macroeconomic theory. It considers macroeconomic policy as approached by different schools of economic thought (Keynesian, Neoclassical, Monetarist, New-Keynesian, New-Classical). On completion of the course, students should have knowledge of heterodox approaches to macroeconomics, international macroeconomics and its evolution, the main features and implications of various macroeconomic models, the relationship between microeconomics and macroeconomics (in theory and in policy), the application of macroeconomic theory and policy in low and middle income countries. Students will also gain an understanding of the policy trade-offs implied by the different macroeconomic models (from the IS-LM neoclassical synthesis to the macro-policy trilemma) and of short-run macroeconomics stabilisation and its implications on and relationship to long-run economic performance.
The fourth block deals with “Research methods for economic policy” (by F. Khan). This course aims at equipping students with the research skills required for policy related work. It will provide students with rigorous training in designing, implementing and evaluating research. Students will be trained in every part of the research process (question formulation; literature review; use of secondary sources; methodology to collect and analyse primary data), including the writing of reports. Students will learn to evaluate research with a view to developing their ability to design policy by drawing critically on the research presented.
The fifth block deals with “Quantitative methods for social sciences”. It is composed of one course in “Econometrics”. The course presents some of the main methods of econometric analysis so that students will be able to carry out empirical work and critically evaluate research results. The course covers the Ordinary Least Squares (OLS) model, derivation of OLS estimators, assumptions about explanatory variables and disturbances, statistical properties of OLS estimators, hypothesis testing and other diagnostic tests for the violation of OLS assumptions. The course emphasises real life applications of linear regression models and students will apply econometric methods to real data in the examination of economic relationships.
The sixth block is related to the study of languages. Introductory French will be mandatory for students with no knowledge of the French language. There will be opportunities to study advanced English (including academic writing).
These first four blocks will provide the basics of development economics that will be explored in depth during Semester 3 and during the writing of the Master’s dissertation. The participation of world-class experts will provide students an excellent understanding of real-life development issues, especially in the African context.
All the Master’s courses at Wits University will be taught in English.
Course details (teaching hours, ECTS, teaching staff) for Semester 2.
Semester 3 at University of Paris 13
“Option C” students will benefit from a common framework at University of Paris 13, whatever the chosen Major (C1 and C2). The choice among the special focuses (SF) within this framework will offer the possibility to deepen the expertise related directly to the Student’s Major or to explore new dimensions of development policy, especially economic policies interdependencies.
Following the format of the 3rd semester for “option A” students, this 3rd semester for “option C” is structured in five blocks (+ the “induction month”), characterised by (i) an important focus on emerging countries (and the related changes in terms of national and international economic policies) and (ii) by the emphasis on the intersections between development concerns, knowledge and innovation policies, and macroeconomic and financial regulations. The participation of professionals, (from private institutions and researchers with experience in the field) is an important feature of the framework.
The first block deals with “Macroeconomic and development policies”. It comprises three courses:
- “International macroeconomics” (by D. Lang) which is a common course for students taking options B and C (see the above description). All “option B” students will automatically be integrated with the second year level (which complements the courses taught in Berlin during the first year).
- “Development, institutions and poverty” will be taught by J.-P. Cling (Former Professor, Ministry of Foreign Affairs of France). This course analyses the interactions between the extension of globalisation, lack of convergence between developed and developing countries and the overall rise in poverty. The main aim is to provide the students with theoretical and empirical knowledge on the subjects studied and to provide critical skills on the research approach to development economics. It should provide training in the use and understanding of a range of empirical sources of information, and critical evaluation of different approaches to economic development. Half of the course course is dedicated to oral presentation and discussion to develop students’ analytical and critical skills. The topics studied includes: poverty and inequality, trade, development and poverty, education, employment and the informal sector, development aid and impacts evaluation, Bretton Wood Institutions and global governance.
- “Emerging Countries in the Global Economy” (coordinated by C. Durand). This course analyses the process of international integration of and catch up from a theoretical and historical perspective. First, the issue of capitalist development and its geographical unevenness is discussed through the lenses of classical economists, and revisited in the context of post-WWII marked, on the one hand, by decolonization and anti-imperialist movements theorizing and, on the other hand, the spread of modernization theories. A second part is dedicated to the neoliberal doctrine of the Washington Consensus, the conditions of its dissemination in the eighties and the nineties. Latin American countries trajectories and East-Asian success stories will be constrasted and the heterogenous fates of post-socialist transitions from Eastern Europe to Russia and China will also be discussed. Finally, new development strategies relying on experiment and institutions building will be discussed.
The main objective of the course is to provide students with up to date theoretical knowledge about the development process, empirical insight about trajectories of emerging economies and an excellent understandong of the current structure of the world economy. Three of the courses in this module will be taught by researchers at the French agency for development (AFD): The first two lectures will be devoted to the presentation of two add-ons of the GEMMES (GEneralized Monetary Multisectoral Macrodynamics for the Energy Shift) project. The GEMMES project is based on the macroeconomic model of Keen (1995), it departs from conventional equilibrium-type modelling paradigm by proposing a stock-flow consistent model drove by phenomenological functions in a dynamical system. This model of financial instability has various extensions that provide numerous different implications in terms of public policies, among them: (i) a climate feedback add-on, where today’s CO2 emission increases temperature and lowers future’s worldwide output; (ii) a multisectoral version that gives the modelling background for the energy shift scenarios with an application for Brazil. The third lecture will overview the main theories of economic development and the issue of aid effectiveness. The first part will be dedicated to highlighting the classical and contemporary models of development and their critiques. The second part will focus on the definitions of aid, the debate on selectivity, as well as the implications of a potential scaling up.
The second block deals with « Econometrics and quantitative methods for research » (by. H. Harari-Kermadec). It includes panel data, time series, sequence analysis…
The third block has three focuses, built in order to allow the student to choose between deepening expertise in the chosen Major and exploring new dimensions of development policies (interdisciplinary course), which will provide more general understanding of economic policies interdependencies. Students will choose among special focuses:
- SF1-C: “Intellectual property and development” is at the intersection between option A (Knowledge and innovation policies) and option C (Development policies).It includes the 3 courses proposed in the SF3-A – “Intellectual property in medicines and biotechnologies”.
- SF2-C: “Education, labour and globalisation” is at the intersection of option B (International macroeconomics and financial policies) and option C (Development policies). It deals with the key political issues of labor, migration and discriminations. The course on “Labour and discriminations” (by A. Ghirardello) addresses the question of the impacts of inequalities and discriminations in a globalised context: labour market inequalities (unemployment, wages, working conditions), discrimination (from a theoretical perspective and with an emphasis on the developed countries), health and labour, segregation. The related philosophical (Rawls, Sen, Honneth, and others) and sociological (Bourdieu, Boltanski and Dubet) issues will be discussed in order to provide an interdisciplinary approach. The course on “Education economics and policy” (by D. Flacher) presents education policies in relation to the various national systems and the emergence of a worldwide higher education market, which is leading to deep transformations in both demand and supply side. A major emphasis is put on the effects of higher education on the labour market, on inequalities, on the polarisation of higher education. In addition to the theory, this topic will include applied articles and data analysis.
- SF3-C: “Finance and development” is at the intersection of options B and C. It addresses the question of the rising role of finance (“financialisation”) at the global level and its impact on development in Northern and Southern countries. It considers the regulation policies that could be implemented at the national and international levels and the institutions responsible for such policies. This special focus is composed of two courses from “option B”: “Financial instability and international regulation” (by G. Dymski and H. Tordjman) and “Institutions and international finance” (by R. Guttmann). These courses are described below under “option B” page.
Remark: Special focus “SF1-C” is more relevant to students taking Major C1 (Knowledge, industrial and local development) and can be considered an interdisciplinary course for students taking Major C2 (Macroeconomic development and finance). This is the reverse situation for special focuses “SF2-C” and “SF3-C”.
In terms of the other options, students will take the “joint seminars” (4th block) and undertake optional training in languages (5th block). The philosophy is the same than for option A (provide interdisciplinary approach and skills through the participation of professionals, same language policy)
All the mandatory courses will be taught in English (i.e. blocks 1, 2 and 4). At least one of the special focuses (3rd block) will be taught entirely in English. Consequently, a student willing to study only in English will be able to do so.
Course details (teaching hours, ECTS, teaching staff) for Semester 3.
Semester 4: Master’s dissertation.