ECONOMICS APPLIED TO ENGINEERING P - Z

ICAR/22 - 6 CFU - 1° Semester

Teaching Staff

MARIA ROSA TROVATO


Learning Objectives

The course aims to provide basic knowledge for understanding micro and macroeconomic issues; To interpret the structure of the enterprise and its decision-making and management control processes as well as the issues related to competitive strategies

The course will also enable you to acquire knowledge of financial mathematics; principles of assessment science, economic and financial assessment of investment projects; use of the most important criteria of choice.


Course Structure

The teaching methodology of the course includes lectures and written exercises



Detailed Course Content

Topics

References to the texts

1. PRINCIPLES OF ECONOMY

Historical evolution of economic thought: from the origins to the "net economy". Origin of economic problems and economic instruments*. Economic system.*

 

Text 1: chapters 1 e 2

(Lesson notes)

2. MICROECONOMICS*

Demand, supply and operation of the market. The utility-based theory of demand; the theory of consumer behavior and indifference curves; demand elasticity.

Text 1: chapters 3 4 e 5

(Lesson notes)

3. MICROECONOMICS *

The theory of production: the production function. Production costs. Functions of short and long-term costs. Returns to scale

 

Text 1: chapter 7

(Lesson notes)

 

 

4. MICROECONOMICS *

Market structure and business behavior (maximization of economic profit): fundamental characteristics and short and long-term balance in the following market forms: perfect competition, monopoly, oligopoly and monopoly competition.

Text 1: chapters 8 e 9

(Lesson notes)

5. MACROECONOMICS

Gross domestic product, price level and inflation, employment and unemployment, public budget, economic cycles, currency, interest rates*. Aggregate supply and demand. Economic policy. Tax policy. Monetary policy. Monetary system.

Text 1: chapters 10, 11, 12

(Lesson notes)

6. THE COMPANY AND THE DECISION AND MANAGEMENT CONTROL PROCESSES: GENERAL ACCOUNTING, FINANCIAL STATEMENTS AND STRATEGIC PLANNING

Company, business and entrepreneur. Legal forms of the company.

The capital of the company under the qualitative and quantitative aspect *.

Business informative system. Management and detection of administrative facts *.

The Annual financial statements: the balance sheet and the income statement*.

Principles of preparation of the statutory financial statements.

Business analysis by indices, margins and flows *: the reclassification of the Balance Sheet; the reclassification of the Income Statement. The financial ratios * (economic, patrimonial, financial, productivity).

The strategic planning process *.

Text 2: chapters 2, 3, 4, 5, 6, 7, 8, 10, 11 e 14

(Teaching materials)

 

7. PRINCIPLES OF CIVIL AND ENVIRONMENTAL VALUATION

Contents, aims and methods of the Estimo *. Direct and indirect estimation procedures *. Estimation of buildings for tertiary and productive use. Elements of Public and Environmental Estimates. Total Economic Value, externalities and public goods *. Criteria and methods for assessing environmental assets.

Testo 1: cap. 6

(Teaching materials)

8. ECONOMIC AND FINANCIAL ASSESSMENT OF INVESTMENT PROJECTS *

Elements of financial mathematics. Financial analysis.

Main methods of investment selection: Net Present Value (NPV); the Internal Rate of Return (TIR); comparative analysis between the VAN method and the TIR method; Average recovery period (PBP); Accounting rate of return (TRC) and Discounted cash flow. Cost-benefit analysis and cost-income analysis principles.

Testo 1: capp 15, 16, 17 e 18

(Teaching materials)



Textbook Information

1. TROVATO M.R. (a cura di) (2017), Economia Applicata all'Ingegneria. CREATE. McGraw-Hill, Milano + Connect, ISBN: 978-13-070-8941-7.

2. ANTHONY R., HAWKINS D., MACRI’ D., MERCHANT K. (2016), Il bilancio. Analisi economiche per le decisioni e la comunicazione della performance. McGraw-Hill, Milano + Connect, ISBN: 978-88-386-6895-1.




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