000122 - BUSINESS AND INNOVATION

The "Business and Innovation" course contributes to the achievement of the learning objectives of the degree program by providing the tools needed to understand the theories and models related to the economics of innovation. Knowledge in this area is essential for understanding the innovation dynamics that underpin the success of firms. This understanding is a key requirement for enhancing the ability to grasp innovation processes and for developing new product, service, or process ideas—skills expected from future experts in Economics and Behavioral Sciences.

EXPECTED LEARNING OUTCOMES
- Knowledge and understanding:
By the end of the course, students are expected to have acquired: a sound understanding of innovation processes and the strategic and organizational logic behind them; the ability to analyze technological evolution in industrial sectors; conceptual and analytical knowledge of economic disciplines; an understanding of the main drivers of economic growth, particularly innovation; and insight into the dynamic nature of the business environment.

- Ability to apply knowledge and understanding:
Students will develop the ability to: apply tools to analyze innovation scenarios and design entrepreneurial initiatives; use project management tools to plan, execute, and evaluate innovation projects; design solutions to general decision-making problems; interpret the generative mechanisms of innovation processes; and apply methodologies for strategic planning.

- Independent Evaluative Judgement:
By the end of the course, students should be able to: critically assess business decisions in contexts of uncertainty and technological change; identify challenges and opportunities within innovation processes; develop synthesis skills, critical thinking, and logical argumentation; and evaluate scenarios and alternatives within decision-making systems.

- Communication skills:
Students will be able to: appropriately use technical language in the fields of economics and innovation management; present projects and strategies to both specialist and non-specialist audiences; clearly communicate scientific topics to diverse audiences; and correctly apply economic terminology.

- Ability to learn:
By the end of the course, students are expected to: develop the ability for continuous learning regarding innovation practices and project management models; independently deepen the course topics; conduct research using scientific and professional sources; and design and implement action-research interventions.