ECONOMICS APPLIED TO ENGINEERING A - E

ICAR/22 - 6 CFU - 1° Semester

Teaching Staff

SALVATORE GIUFFRIDA
Email: salvatore.giuffrida@unict.it
Office: SDS Architettura Siracusa - Piazza Svevia - 96100 . Siracusa
Phone: 3357995263
Office Hours: 10:00 - 13:00


Learning Objectives

The course aims to provide the basic knowledge for the understanding of the micro and macroeconomic issues; to interpret the company's structure and its decision-making and management control, and the problems related to the competitive strategies
The course will allow to acquire elements of financial mathematics knowledge, principles of apparaisals, of economic and financial evaluation of investment projects, recalling the most important selection criteria.


Course Structure

The teaching methodology of the course includes lectures and written exercises.

As a result of the Covid19 health emergency, if the teaching is given in mixed mode or at a distance, the necessary changes may be introduced with respect to what was previously stated, in order to comply with the program provided and reported in the syllabus.



Detailed Course Content

First Part - Principles of Economics


Historical evolution of economic thought: from the beginning to the net economy. Origin of Economic and tools of economics.

Microeconomics
Demand analysis: the theory of demand based on the utility, the theory of consumer behavior and indifference curves, elasticity of demand.

The theory of production. Relations between the cost curves.
Market structure :
key features and short and long-term balance in the following market forms: perfect competition, monopoly, oligopoly and monopolistic competition

Market efficiency, market failures, externalities, public intervention and environmental policy.

 

Macroeconomics
From the micro to the macro-economics. Macroeconomic problems: economic growth, inflation, employment and unemployment, budget, economics cycles, interest rates. The determination of national income in the short term. The model of aggregate demand and supply. Economic policy

 

Second Part - The company: the decision-making and management control


Firm, enterprise and entrepreneur. Legal form of the company.
The capital of the company.

The information system: accounting and non-accounting.
The management and reporting of government.
The balance sheet and income statement.

The business analysis for indexes and streams: the reclassification of the balance sheet and the reclassification of the income statement. The indexes of the balance (income, balance sheet, financial, productivity).

 

 

Third part - System business and competitive strategies


Business and relationships by the environment (macro environment and competitive industry).

Strategic planning. Marketing management. The Marketing Information System.

Strategic Marketing: marketing plan, market segmentation and definition of the target market.
The marketing-mix: the four Ps (product, price, promotion and place).

Net economy: ICT and adaptation of undertakings: web marketing, relationship marketing, one-to-one marketing.

 

Fourth part - Principles of civil and environmental appraisals and Financial-economic analysis of investment projects

 

Content, goals and methods of the Appraisals. Direct and indirect estimation procedures . Appraisals of buildings for residential use.
Elements of Public and Environmental Appraisal. Total Economic Value, externalities and public goods. Criteria and methods of evaluation of environmental goods.

 

Elements of financial mathematics. The classification of investments.
Main methods of choice of investments: Net Present Value (NPV) and the Internal Rate of Return (IRR), a comparative analysis between the method of NPV and the IRR, average period of recovery, other criteria. Principles of cost-benefit analysis and cost-benefit analysis



Textbook Information

1.STURIALE L. (a cura di) (2021): Economia Applicata all'Ingegneria e Principi di Valutazione Economica degli Investimenti. CREATE. McGraw-Hill, Milano.

2. ANTHONY R., HAWKINS D., MACRI’ D., MERCHANT K. (2021): Il bilancio. Analisi economiche per le decisioni e la comunicazione della performance. McGraw-Hill, Milano.

3. MICHIELI E., MICHIELI . M. (2002). Estimo. Il SOLE24ORE, Bologna.




Open in PDF format Versione in italiano