Basic knowledge of economic models of behaviours and interactions among market actors (consumers and firms). Analysis of cost accounting and capital budgeting methods and tools, aimed at understanding the role of risk evaluation.
Curriculum
teacher profile teaching materials
Demand and supply behavior: Budget constraint, demand elasticity; production decisions, profit maximization, technology and production function, cost functions (short and long term).
Management accounting: Full costs and their applications; Direct and indirect costs. Variable and fixed costs.
Accounting methods: traditional indirect allocation methods; job and process costing; activity based costing
Capital budgeting:
Discounted Cash flows: discount rate and its role as an opportunity cost; NPV, IRR and Payback rule; Compund and linear rate of return; Nominal and real discount rate; Project interaction.
THE BOOK HAS BEEN MADE BY MERGING THE FOLLOWING BOOK CHAPTERS
BERNHEIM, WHINSTON, “MICROECONOMIA”, 3/ED, MC GRAW HILL, 2017 – CAPITOLI DA 1 A 8
ANTHONY, HAWKINS, MACRI’, MERCHANT, “SISTEMI DI CONTROLLO” 14/ED, MAC GRAW HILL, 2016 – CAPITOLI DA 1 A 6 E DA 14 A 18
Programme
Elements of economic analysisDemand and supply behavior: Budget constraint, demand elasticity; production decisions, profit maximization, technology and production function, cost functions (short and long term).
Management accounting: Full costs and their applications; Direct and indirect costs. Variable and fixed costs.
Accounting methods: traditional indirect allocation methods; job and process costing; activity based costing
Capital budgeting:
Discounted Cash flows: discount rate and its role as an opportunity cost; NPV, IRR and Payback rule; Compund and linear rate of return; Nominal and real discount rate; Project interaction.
Core Documentation
“ECONOMIA APPLICATA ALL’INGEGNERIA”, MC GRAW HILL EDITOR “CREATE” BOOKTHE BOOK HAS BEEN MADE BY MERGING THE FOLLOWING BOOK CHAPTERS
BERNHEIM, WHINSTON, “MICROECONOMIA”, 3/ED, MC GRAW HILL, 2017 – CAPITOLI DA 1 A 8
ANTHONY, HAWKINS, MACRI’, MERCHANT, “SISTEMI DI CONTROLLO” 14/ED, MAC GRAW HILL, 2016 – CAPITOLI DA 1 A 6 E DA 14 A 18
Type of delivery of the course
The course is structured in two lessons per week. It's divided in three parts, each lasting 4/5 weeks. Each part covers one of the topics indicated in the program. At the end of each part there is an intermediate test.Attendance
Presence in classes is not compulsoryType of evaluation
Because of the COVID-19 outbreak, the exam will be organised according to Art.1 of Decreto Rettorale n°. 703 del 5 maggio 2020 The final exam is given in an oral form. During the exam the student will be asked questions aiming at evaluating her/his level of knowledge of the course topics. In addition, the exam will evaluate the student's problem solving skills on applicative examples. teacher profile teaching materials
Demand and supply behavior: Budget constraint, demand elasticity; production decisions, profit maximization, technology and production function, cost functions (short and long term).
Management accounting: Full costs and their applications; Direct and indirect costs. Variable and fixed costs.
Accounting methods: traditional indirect allocation methods; job and process costing; activity based costing
Capital budgeting:
Discounted Cash flows: discount rate and its role as an opportunity cost; NPV, IRR and Payback rule; Compund and linear rate of return; Nominal and real discount rate; Project interaction.
THE BOOK HAS BEEN MADE BY MERGING THE FOLLOWING BOOK CHAPTERS
BERNHEIM, WHINSTON, “MICROECONOMIA”, 3/ED, MC GRAW HILL, 2017 – CAPITOLI DA 1 A 8
ANTHONY, HAWKINS, MACRI’, MERCHANT, “SISTEMI DI CONTROLLO” 14/ED, MAC GRAW HILL, 2016 – CAPITOLI DA 1 A 6 E DA 14 A 18
Programme
Elements of economic analysisDemand and supply behavior: Budget constraint, demand elasticity; production decisions, profit maximization, technology and production function, cost functions (short and long term).
Management accounting: Full costs and their applications; Direct and indirect costs. Variable and fixed costs.
Accounting methods: traditional indirect allocation methods; job and process costing; activity based costing
Capital budgeting:
Discounted Cash flows: discount rate and its role as an opportunity cost; NPV, IRR and Payback rule; Compund and linear rate of return; Nominal and real discount rate; Project interaction.
Core Documentation
“ECONOMIA APPLICATA ALL’INGEGNERIA”, MC GRAW HILL EDITOR “CREATE” BOOKTHE BOOK HAS BEEN MADE BY MERGING THE FOLLOWING BOOK CHAPTERS
BERNHEIM, WHINSTON, “MICROECONOMIA”, 3/ED, MC GRAW HILL, 2017 – CAPITOLI DA 1 A 8
ANTHONY, HAWKINS, MACRI’, MERCHANT, “SISTEMI DI CONTROLLO” 14/ED, MAC GRAW HILL, 2016 – CAPITOLI DA 1 A 6 E DA 14 A 18
Type of delivery of the course
The course is structured in two lessons per week. It's divided in three parts, each lasting 4/5 weeks. Each part covers one of the topics indicated in the program. At the end of each part there is an intermediate test.Attendance
Presence in classes is not compulsoryType of evaluation
Because of the COVID-19 outbreak, the exam will be organised according to Art.1 of Decreto Rettorale n°. 703 del 5 maggio 2020 The final exam is given in an oral form. During the exam the student will be asked questions aiming at evaluating her/his level of knowledge of the course topics. In addition, the exam will evaluate the student's problem solving skills on applicative examples.