ING-IND/35 - 6 CFU - 1° Semester

Teaching Staff

Office: Viale A. Doria, 6 - Blocco 10 - Catania
Phone: 3289423665
Office Hours: Lun 19.00 . Mar 14.00

Learning Objectives

The course introduces students to the concept of economic rationality and provides the methodology for the introductory analysis of firms' decisions concerning costs, markets, and project evaluation Students are also introduced to main concepts and models for the analysis of macroeconomic systems.

Detailed Course Content

Economics of the firm and of markets

How economists think. The logic of costs and benefits. The market. Individual and aggregate demand. Theory of production: the production function and short and long run costs. Market structures: perfect competition, monopoly, imperfect competition. Strategic interaction in oligopolistic markets.

Contemporary economics.

Macroeconomic variables: GDP, price level and inflation, employment and unemployment, balance of payments, public budget, money, financial markets and interest rates. The determination of the national income in the short run. The economic cycle. The AD-AS model. Economic Policy. Principles of open economies.

Project Analysis
Formulating investment alternatives. Project costs. Some representative short-term decisions (make-or-buy, choice of materials). Principles of financial mathematics. Decision Criteria: NPV, IRR, payback, other criteria. Choosing among alternative projects. Capital depreciation. Taxation. Economic evaluation of public sector projects.

Textbook Information

O’SULLIVAN A., SHEFFRIN S.M., PEREZ S.J., BIANCHI C. (2015). Elementi di Economia, Pearson.

SULLIVAN W.G., WICKS, E.M., LUXHOJ (2006). Economia applicata all’ingegneria. Pearson Prentice-Hall.

Open in PDF format Versione in italiano