ECONOMIA AZIENDALE

The course is structured in 42 hours of lectures, with Powerpoint support and student involvement.

Should teaching be carried out in mixed mode or remotely, it may be necessary to introduce changes with respect to previous statements, in line with the programme planned and outlined in the syllabus.

Learning assessment may also be carried out on line, should the conditions require it.

1 Notion of firm and business administration.

2 Basic principles of governance: progress, unity, autonomy, profitability, solvency, notions of effectiveness, efficiency and business risk.

3 Relationship between profitability and solvency

4 Basic principles of governance in different kind of firms.

5 Business success.

6 The organization: organizational structures, power, leadership, and operational mechanisms.

7 Unity of governance and plurality of legal entities: the corporate groups.

8 The control of profitability and solvency and its tools: the financial statements.

9 The limitations of the net income: uncertainty, arbitrariness, relativity.

10 The usefulnes of the financial statements for solvency and profitability analysis. The operating income and the net income.

11 Endogenous and exogenous cash flows-: self-financing and the cash-flow statement.

12 The budget

13 The business plan

14 The different notions of capital: equity, liquidation, and market capital. Business valutation methods.

15 The determination of costs: cost configurations, direct costs and the allocation of indirect costs.

16 Fixed costs and variable costs: the profitability diagram.

Sorci C., Lezioni di Economia aziendale, Giuffrè, Milan, (second edition) 2014.