HALKAS12 Institutions, Innovation and Economic Renewal 2019 (10 ECTS)


After completing the course, the student demonstrates an analytical understanding of the various knowledge-based theories and development models, and has advanced knowledge and understanding of the dynamics and challenges of institutional change related to economic development of cities and regions. The student also has insight in the complex interaction between innovation, technology, institutions and economic development of cities and regions. The student also learns how institutions governing economic development change, and how institutional entrepreneurs work to change them.


When and where

  • Time: Thursdays from Jan. 17 to early May, 10-12
    • NB! No class Feb. 7 (Markku travelling) & Feb 28 (period break) & April 4 (Markku travelling)
    • A guest lecture by Prof. David Charles: Higher Education Institutions, Innovation and Regional Development (March 21, 2019)
  • Place: Päät A32


Literature review

  • Everybody will write a literature review in English drawing on the journal articles.
    • Dead-line for submitting literature reviews is May 9
    • Literature reviews will be sent to Prof. Sotarauta by email (markku.sotarauta [at] uta.fi)
    • The required minimum length of a literature review is 3000 words (appr. 8-9 pages). 
    • What is a literature review and how to write a good one - click HERE to find the answer.

Home exam

  • A number of short questions (the book and video lectures)
  • An open essay (the book, video lectures and other material)
    • students are asked to select a specific city or region of their own choice and then relate its economic renewal to a number of more specific issues that have been taken up in the book and other material
  • Will be handed out April 11, deadline is April 18


  • Sotarauta, M. (2016) Leadership and the City: Power, Strategy and Networks in the Making of Knowledge Cities. Routledge; Abingdon, Oxon.
  • The eight journal articles under the heading ‘learning material’

Video lectures

  1. Michael Porter: Reshaping Regional Economic Development: Clusters and Regional Strategy (69 min)
    • US case, generic view on economic develoopment
    • Supports the first article
  2. MIT's Entrepreneurship Ecosystem (17 min)
  3. Mariana Mazzucato: The entrepreneurial stateTEDxSussexUniversity (17 min)
    • Reminds about the systemic nature of innovation and the roles of a state. Not so surprising in Finland but has become hugely popular in many countries.
  4. Animated timeline shows how Silicon Valley became a $2.8 trillion neighborhood (3,54)

Used in the class


  • Literature review based on the lectures and articles
    • 60 % of the grade
  • Home exam based on the book and video lectures
    • 40% of the grade
© Markku Sotarauta - est. 1998