ECONOMICS APPLIED TO ENGINEERING P - Z

Topics

References to the texts

1. PRINCIPLES OF ECONOMY

Economic science and the economy *.

Text 1: chapters 1

(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 2, 3, and 4

(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 5 and 6

(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 7, 8 and 9

(Lesson notes)

5. INTRODUCTION TO ECONOMIC WELFARE *

Fairness and efficiency. Perfect competition and Paretian efficiency. The general economic equilibrium theory and the Edgeworth box. Externalities, the environmental economy.

Text 1: cap. 10

(Lesson notes)

6. MACROECONOMICS*

Macroeconomic variables. Monetary variables. Economic policy. Fiscal policy. Monetary policy.

Text 1: chapter 11

(Lesson notes)

7. 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.

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

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

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 strategic planning process *.

Text 1: chapters 12, 13, 14, 15, 16, 17, 18, 19, 20 and 23

(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 21 and 22

(Teaching materials)

Examples of frequently asked questions and / or exercises

1. Theory of consumer choice: analytical and graphic solution.

2 Technical problem of the producer: analytical and graphic solution.

3. Economic problem of the producer (perfect concurrent market, of monopoly competition, monopoly and oligopoly): analytical and graphic solution.

4. Business costs (short and long term) and relationship between cost curves.

5. Macroeconomic variables. Monetary variables.

6. Corporate information system. Double-entry system.

7.Financial statement: purpose, structure and drafting principles.

8. Budget analysis: indices, margins, flows.

9. Strategic planning: strategic plan, Abel Model, Ansoff Matrix, Boston Matrix, General Eletric Matrix.

10.Assessment of investments: VAN, TIR, PBP, TRC and Discounted Cash flow.

11. Exercise of financial mathematics.

12. Accounting accounting exercise.