ECONOMICS APPLIED TO ENGINEERING A - E

ICAR/22 - 6 CFU - 1° Semester

Teaching Staff

MARIA DANIELA GIAMMANCO
Email: mdgiamma@unict.it
Office: Dipartimento di Scienze Politiche e Sociali, Via Vittorio Emanuele, 8, I piano.
Phone: +39 095 70305271
Office Hours: I semestre lu 9-12; gio 10-12; II semestre: lu 9-12 presso DSPS; altri orari da concordare via mail. Per gli studenti di Ingegneria: mar 9-10, Dipartimento Ingegneria Civile ed Architettura, Blocco 10, I piano (studio proff. Ancarani e Di Mauro)


Learning Objectives

The course provides the student with the basic knowledge of the principles of the economic rationality, some economic aggregates, and some basic models for the analysis of the economic systems.



Detailed Course Content

Economics of firms and markets

Economic rationality. The logic costs-benefits. The market. The individual demand and the market demand. The theory of production: the production function and the short and long-run cost functions. Market organization: perfect competition; monopoly; oligopoly.

 

The macroeconomic aggregates

Gross Domestic Product; prices and inflations; employment and unemployment; national budget; money; financial market and interest rates.

 

Programming; Planning; and Investment evaluation

Economic and financial analysis. Analysis and dimension of cash flow. Cost-opportunity of capital. Investment alternatives. The costs of the project. Fundamentals of financial mathematics. Decision criteria: Net Present Value (NPV); Internal Rate of Return. Confronting alternatives.



Textbook Information

N.G.Mankiw, M.P. Taylor (2015). Principi di Economia, Zanichelli, Bologna, VI edizione.

M. Falasco, E. Guzzini (2009).Strumenti per la valutazione degli investimenti industriali, McGrawHill Italia. Capitoli 2;3;4




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