Using a Systems of Innovation approach the module aims to provide students with an in-depth theoretical understanding of the economics and management of knowledge and innovation. The role of knowledge, learning, and innovation in economic growth and development in the context of globalisation will be a central theme of this module. Similarly, the development of an understanding of the social, interactive and systemic character of the processes of knowledge creation and diffusion are central to this module. The module will therefore focus on the relationship between different types of business systems and social organisation at different levels of aggregation (i.e. the nation, the region, the industrial sector) in both developed and developing countries and the creation and diffusion of knowledge, innovation and technological change. The impact of globalisation processes on innovation systems will also be studied through an analysis of knowledge flows in global value chains. Key theoretical concepts will be applied to different industries as well as national and regional innovation systems in order to critically evaluate their theoretical and practical relevance.