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