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
The course also includes a seminar about innovation and creativity management, or about negotiation strategies.
The topics covered include:
Cash flow diagrams. Financing and Investments. Inflation. Projects and Investment alternatives. Time value of money. Interest rate, interest earned. Opportunity cost. Simple interest. Compound interest. Nominal and effective interest rates. Cash Flows Equivalence. Formulas and factors. Bases for comparison of alternatives. Present Worth. Future Worth. Future Worth and Present Worth with simple interest. Annual Equivalent. Future Worth, Annual Equivalent and Present Worth: a comparison. Payback Period. Incremental Investment. Internal rate of return. Minimum Attractive Rate of Return. Alternatives with unequal lives. Choice of not investing. Project Balance.
Introduction to Micro- and Macro-economics. Real vs. nominal prices. Consumer and producer price indexes. Supply and Demand curves. The Reserve Price. Shifting of Supply and Demand curves. The Market Mechanism. Market Clearing Price. Price Elasticity of Demand. Elasticities of Supply and Demand. Point, arc and cross-price elasticities. Other elasticities. Long-run and Short-run elasticities. World oil market example. Consumer behavior and preferences. Indifference curves. Perfect complements and substitutes. Marginal rate of substitution. Regular preferences. Utility and utility functions. Marginal Utility. Utility functions (also for perfect complements and substitutes). Almost linear preferences. Budget line. Changes in income and prices. Consumer choice and maximization of consumer satisfaction. Consumer choice in the case of perfect complements and substitutes. Production. The production function. Average and marginal products. Isoquants. Production in the short and long run. Marginal rate of technical substitution. Costs of production in the long and short run. Shapes of the cost curves. Isocost curves. Choice of optimum inputs. Perfectly Competitive Markets. Marginal Revenue, Marginal Cost, and Profit Maximization. Output choices in the Short- and Long-run. Prices to enter and exit the market. Single firm demand and supply curves. Industry demand and supply curves.
Seminar on the management of creativity and innovation or on strategies for effective negotiation.
Case studies and practical exercises are included.
The teacher provides a more detailed program on the Moodle platform.
- Pindyck, R. & Rubinfeld, D. Microeconomics (8th ed. or newer), Prentice Hall International.
- La Bella, A. & Capece, G. Manuale di Direzione d'Impresa, Franco Angeli. (ONLY THE CHAPTER NAMED "Creatività, Innovazione e Sviluppo")
All the materials made available by the teacher on the Moodle platform are part of the course, and their study is necessary to pass the final exam. They are provided in addition to the textbooks listed here.
Programme
Students will learn how to evaluate investment projects for profitability and risk. They will also study the behavior and interactions of individuals and firms in making decisions regarding the allocation of scarce resources. Students will analyze the market mechanisms that establish relative prices of goods and services and allocate limited resources among alternative uses.The course also includes a seminar about innovation and creativity management, or about negotiation strategies.
The topics covered include:
Cash flow diagrams. Financing and Investments. Inflation. Projects and Investment alternatives. Time value of money. Interest rate, interest earned. Opportunity cost. Simple interest. Compound interest. Nominal and effective interest rates. Cash Flows Equivalence. Formulas and factors. Bases for comparison of alternatives. Present Worth. Future Worth. Future Worth and Present Worth with simple interest. Annual Equivalent. Future Worth, Annual Equivalent and Present Worth: a comparison. Payback Period. Incremental Investment. Internal rate of return. Minimum Attractive Rate of Return. Alternatives with unequal lives. Choice of not investing. Project Balance.
Introduction to Micro- and Macro-economics. Real vs. nominal prices. Consumer and producer price indexes. Supply and Demand curves. The Reserve Price. Shifting of Supply and Demand curves. The Market Mechanism. Market Clearing Price. Price Elasticity of Demand. Elasticities of Supply and Demand. Point, arc and cross-price elasticities. Other elasticities. Long-run and Short-run elasticities. World oil market example. Consumer behavior and preferences. Indifference curves. Perfect complements and substitutes. Marginal rate of substitution. Regular preferences. Utility and utility functions. Marginal Utility. Utility functions (also for perfect complements and substitutes). Almost linear preferences. Budget line. Changes in income and prices. Consumer choice and maximization of consumer satisfaction. Consumer choice in the case of perfect complements and substitutes. Production. The production function. Average and marginal products. Isoquants. Production in the short and long run. Marginal rate of technical substitution. Costs of production in the long and short run. Shapes of the cost curves. Isocost curves. Choice of optimum inputs. Perfectly Competitive Markets. Marginal Revenue, Marginal Cost, and Profit Maximization. Output choices in the Short- and Long-run. Prices to enter and exit the market. Single firm demand and supply curves. Industry demand and supply curves.
Seminar on the management of creativity and innovation or on strategies for effective negotiation.
Case studies and practical exercises are included.
The teacher provides a more detailed program on the Moodle platform.
Core Documentation
- Campisi, D. & Costa, R. Economia applicata all'ingegneria. Carocci editore.- Pindyck, R. & Rubinfeld, D. Microeconomics (8th ed. or newer), Prentice Hall International.
- La Bella, A. & Capece, G. Manuale di Direzione d'Impresa, Franco Angeli. (ONLY THE CHAPTER NAMED "Creatività, Innovazione e Sviluppo")
All the materials made available by the teacher on the Moodle platform are part of the course, and their study is necessary to pass the final exam. They are provided in addition to the textbooks listed here.
Reference Bibliography
- Campisi, D. & Costa, R. Economia applicata all'ingegneria. Carocci editore. - Pindyck, R. & Rubinfeld, D. Microeconomia (ottava edizione o più recente). Pearson Prentice Hall - La Bella, A. & Capece, G. Manuale di Direzione d'Impresa, Franco Angeli. (SOLO IL CAPITOLO DAL TITOLO "Creatività, Innovazione e Sviluppo")Attendance
Students are strongly encouraged to attend classes, as in-class participation provides the opportunity to deepen their understanding through direct interaction with the instructor and classmates. Studying the materials provided and recommended by the instructor is important, as is attending lectures, which allows students to gain additional perspectives and information. For students who are unable to attend for valid reasons, as specified by the University regulations—such as working students—additional materials will be provided or recommended to facilitate the understanding of topics and ensure adequate exam preparation, allowing for remote learning. Students who fall under the categories outlined in the University regulations are invited to contact the instructor for further guidance.Type of evaluation
Written test with exercises and theoretical questions. teacher profile teaching materials
The course also includes a seminar about innovation and creativity management, or about negotiation strategies.
The topics covered include:
Cash flow diagrams. Financing and Investments. Inflation. Projects and Investment alternatives. Time value of money. Interest rate, interest earned. Opportunity cost. Simple interest. Compound interest. Nominal and effective interest rates. Cash Flows Equivalence. Formulas and factors. Bases for comparison of alternatives. Present Worth. Future Worth. Future Worth and Present Worth with simple interest. Annual Equivalent. Future Worth, Annual Equivalent and Present Worth: a comparison. Payback Period. Incremental Investment. Internal rate of return. Minimum Attractive Rate of Return. Alternatives with unequal lives. Choice of not investing. Project Balance.
Introduction to Micro- and Macro-economics. Real vs. nominal prices. Consumer and producer price indexes. Supply and Demand curves. The Reserve Price. Shifting of Supply and Demand curves. The Market Mechanism. Market Clearing Price. Price Elasticity of Demand. Elasticities of Supply and Demand. Point, arc and cross-price elasticities. Other elasticities. Long-run and Short-run elasticities. World oil market example. Consumer behavior and preferences. Indifference curves. Perfect complements and substitutes. Marginal rate of substitution. Regular preferences. Utility and utility functions. Marginal Utility. Utility functions (also for perfect complements and substitutes). Almost linear preferences. Budget line. Changes in income and prices. Consumer choice and maximization of consumer satisfaction. Consumer choice in the case of perfect complements and substitutes. Production. The production function. Average and marginal products. Isoquants. Production in the short and long run. Marginal rate of technical substitution. Costs of production in the long and short run. Shapes of the cost curves. Isocost curves. Choice of optimum inputs. Perfectly Competitive Markets. Marginal Revenue, Marginal Cost, and Profit Maximization. Output choices in the Short- and Long-run. Prices to enter and exit the market. Single firm demand and supply curves. Industry demand and supply curves.
Seminar on the management of creativity and innovation or on strategies for effective negotiation.
Case studies and practical exercises are included.
The teacher provides a more detailed program on the Moodle platform.
- Pindyck, R. & Rubinfeld, D. Microeconomics (8th ed. or newer), Prentice Hall International.
- La Bella, A. & Capece, G. Manuale di Direzione d'Impresa, Franco Angeli. (ONLY THE CHAPTER NAMED "Creatività, Innovazione e Sviluppo")
All the materials made available by the teacher on the Moodle platform are part of the course, and their study is necessary to pass the final exam. They are provided in addition to the textbooks listed here.
Programme
Students will learn how to evaluate investment projects for profitability and risk. They will also study the behavior and interactions of individuals and firms in making decisions regarding the allocation of scarce resources. Students will analyze the market mechanisms that establish relative prices of goods and services and allocate limited resources among alternative uses.The course also includes a seminar about innovation and creativity management, or about negotiation strategies.
The topics covered include:
Cash flow diagrams. Financing and Investments. Inflation. Projects and Investment alternatives. Time value of money. Interest rate, interest earned. Opportunity cost. Simple interest. Compound interest. Nominal and effective interest rates. Cash Flows Equivalence. Formulas and factors. Bases for comparison of alternatives. Present Worth. Future Worth. Future Worth and Present Worth with simple interest. Annual Equivalent. Future Worth, Annual Equivalent and Present Worth: a comparison. Payback Period. Incremental Investment. Internal rate of return. Minimum Attractive Rate of Return. Alternatives with unequal lives. Choice of not investing. Project Balance.
Introduction to Micro- and Macro-economics. Real vs. nominal prices. Consumer and producer price indexes. Supply and Demand curves. The Reserve Price. Shifting of Supply and Demand curves. The Market Mechanism. Market Clearing Price. Price Elasticity of Demand. Elasticities of Supply and Demand. Point, arc and cross-price elasticities. Other elasticities. Long-run and Short-run elasticities. World oil market example. Consumer behavior and preferences. Indifference curves. Perfect complements and substitutes. Marginal rate of substitution. Regular preferences. Utility and utility functions. Marginal Utility. Utility functions (also for perfect complements and substitutes). Almost linear preferences. Budget line. Changes in income and prices. Consumer choice and maximization of consumer satisfaction. Consumer choice in the case of perfect complements and substitutes. Production. The production function. Average and marginal products. Isoquants. Production in the short and long run. Marginal rate of technical substitution. Costs of production in the long and short run. Shapes of the cost curves. Isocost curves. Choice of optimum inputs. Perfectly Competitive Markets. Marginal Revenue, Marginal Cost, and Profit Maximization. Output choices in the Short- and Long-run. Prices to enter and exit the market. Single firm demand and supply curves. Industry demand and supply curves.
Seminar on the management of creativity and innovation or on strategies for effective negotiation.
Case studies and practical exercises are included.
The teacher provides a more detailed program on the Moodle platform.
Core Documentation
- Campisi, D. & Costa, R. Economia applicata all'ingegneria. Carocci editore.- Pindyck, R. & Rubinfeld, D. Microeconomics (8th ed. or newer), Prentice Hall International.
- La Bella, A. & Capece, G. Manuale di Direzione d'Impresa, Franco Angeli. (ONLY THE CHAPTER NAMED "Creatività, Innovazione e Sviluppo")
All the materials made available by the teacher on the Moodle platform are part of the course, and their study is necessary to pass the final exam. They are provided in addition to the textbooks listed here.
Reference Bibliography
- Campisi, D. & Costa, R. Economia applicata all'ingegneria. Carocci editore. - Pindyck, R. & Rubinfeld, D. Microeconomia (ottava edizione o più recente). Pearson Prentice Hall - La Bella, A. & Capece, G. Manuale di Direzione d'Impresa, Franco Angeli. (SOLO IL CAPITOLO DAL TITOLO "Creatività, Innovazione e Sviluppo")Attendance
Students are strongly encouraged to attend classes, as in-class participation provides the opportunity to deepen their understanding through direct interaction with the instructor and classmates. Studying the materials provided and recommended by the instructor is important, as is attending lectures, which allows students to gain additional perspectives and information. For students who are unable to attend for valid reasons, as specified by the University regulations—such as working students—additional materials will be provided or recommended to facilitate the understanding of topics and ensure adequate exam preparation, allowing for remote learning. Students who fall under the categories outlined in the University regulations are invited to contact the instructor for further guidance.Type of evaluation
Written test with exercises and theoretical questions. teacher profile teaching materials
The course also includes a seminar about innovation and creativity management, or about negotiation strategies.
The topics covered include:
Cash flow diagrams. Financing and Investments. Inflation. Projects and Investment alternatives. Time value of money. Interest rate, interest earned. Opportunity cost. Simple interest. Compound interest. Nominal and effective interest rates. Cash Flows Equivalence. Formulas and factors. Bases for comparison of alternatives. Present Worth. Future Worth. Future Worth and Present Worth with simple interest. Annual Equivalent. Future Worth, Annual Equivalent and Present Worth: a comparison. Payback Period. Incremental Investment. Internal rate of return. Minimum Attractive Rate of Return. Alternatives with unequal lives. Choice of not investing. Project Balance.
Introduction to Micro- and Macro-economics. Real vs. nominal prices. Consumer and producer price indexes. Supply and Demand curves. The Reserve Price. Shifting of Supply and Demand curves. The Market Mechanism. Market Clearing Price. Price Elasticity of Demand. Elasticities of Supply and Demand. Point, arc and cross-price elasticities. Other elasticities. Long-run and Short-run elasticities. World oil market example. Consumer behavior and preferences. Indifference curves. Perfect complements and substitutes. Marginal rate of substitution. Regular preferences. Utility and utility functions. Marginal Utility. Utility functions (also for perfect complements and substitutes). Almost linear preferences. Budget line. Changes in income and prices. Consumer choice and maximization of consumer satisfaction. Consumer choice in the case of perfect complements and substitutes. Production. The production function. Average and marginal products. Isoquants. Production in the short and long run. Marginal rate of technical substitution. Costs of production in the long and short run. Shapes of the cost curves. Isocost curves. Choice of optimum inputs. Perfectly Competitive Markets. Marginal Revenue, Marginal Cost, and Profit Maximization. Output choices in the Short- and Long-run. Prices to enter and exit the market. Single firm demand and supply curves. Industry demand and supply curves.
Seminar on the management of creativity and innovation or on strategies for effective negotiation.
Case studies and practical exercises are included.
The teacher provides a more detailed program on the Moodle platform.
- Pindyck, R. & Rubinfeld, D. Microeconomics (8th ed. or newer), Prentice Hall International.
- La Bella, A. & Capece, G. Manuale di Direzione d'Impresa, Franco Angeli. (ONLY THE CHAPTER NAMED "Creatività, Innovazione e Sviluppo")
All the materials made available by the teacher on the Moodle platform are part of the course, and their study is necessary to pass the final exam. They are provided in addition to the textbooks listed here.
Programme
Students will learn how to evaluate investment projects for profitability and risk. They will also study the behavior and interactions of individuals and firms in making decisions regarding the allocation of scarce resources. Students will analyze the market mechanisms that establish relative prices of goods and services and allocate limited resources among alternative uses.The course also includes a seminar about innovation and creativity management, or about negotiation strategies.
The topics covered include:
Cash flow diagrams. Financing and Investments. Inflation. Projects and Investment alternatives. Time value of money. Interest rate, interest earned. Opportunity cost. Simple interest. Compound interest. Nominal and effective interest rates. Cash Flows Equivalence. Formulas and factors. Bases for comparison of alternatives. Present Worth. Future Worth. Future Worth and Present Worth with simple interest. Annual Equivalent. Future Worth, Annual Equivalent and Present Worth: a comparison. Payback Period. Incremental Investment. Internal rate of return. Minimum Attractive Rate of Return. Alternatives with unequal lives. Choice of not investing. Project Balance.
Introduction to Micro- and Macro-economics. Real vs. nominal prices. Consumer and producer price indexes. Supply and Demand curves. The Reserve Price. Shifting of Supply and Demand curves. The Market Mechanism. Market Clearing Price. Price Elasticity of Demand. Elasticities of Supply and Demand. Point, arc and cross-price elasticities. Other elasticities. Long-run and Short-run elasticities. World oil market example. Consumer behavior and preferences. Indifference curves. Perfect complements and substitutes. Marginal rate of substitution. Regular preferences. Utility and utility functions. Marginal Utility. Utility functions (also for perfect complements and substitutes). Almost linear preferences. Budget line. Changes in income and prices. Consumer choice and maximization of consumer satisfaction. Consumer choice in the case of perfect complements and substitutes. Production. The production function. Average and marginal products. Isoquants. Production in the short and long run. Marginal rate of technical substitution. Costs of production in the long and short run. Shapes of the cost curves. Isocost curves. Choice of optimum inputs. Perfectly Competitive Markets. Marginal Revenue, Marginal Cost, and Profit Maximization. Output choices in the Short- and Long-run. Prices to enter and exit the market. Single firm demand and supply curves. Industry demand and supply curves.
Seminar on the management of creativity and innovation or on strategies for effective negotiation.
Case studies and practical exercises are included.
The teacher provides a more detailed program on the Moodle platform.
Core Documentation
- Campisi, D. & Costa, R. Economia applicata all'ingegneria. Carocci editore.- Pindyck, R. & Rubinfeld, D. Microeconomics (8th ed. or newer), Prentice Hall International.
- La Bella, A. & Capece, G. Manuale di Direzione d'Impresa, Franco Angeli. (ONLY THE CHAPTER NAMED "Creatività, Innovazione e Sviluppo")
All the materials made available by the teacher on the Moodle platform are part of the course, and their study is necessary to pass the final exam. They are provided in addition to the textbooks listed here.
Reference Bibliography
- Campisi, D. & Costa, R. Economia applicata all'ingegneria. Carocci editore. - Pindyck, R. & Rubinfeld, D. Microeconomia (ottava edizione o più recente). Pearson Prentice Hall - La Bella, A. & Capece, G. Manuale di Direzione d'Impresa, Franco Angeli. (SOLO IL CAPITOLO DAL TITOLO "Creatività, Innovazione e Sviluppo")Attendance
Students are strongly encouraged to attend classes, as in-class participation provides the opportunity to deepen their understanding through direct interaction with the instructor and classmates. Studying the materials provided and recommended by the instructor is important, as is attending lectures, which allows students to gain additional perspectives and information. For students who are unable to attend for valid reasons, as specified by the University regulations—such as working students—additional materials will be provided or recommended to facilitate the understanding of topics and ensure adequate exam preparation, allowing for remote learning. Students who fall under the categories outlined in the University regulations are invited to contact the instructor for further guidance.Type of evaluation
Written test with exercises and theoretical questions. teacher profile teaching materials
The course also includes a seminar about innovation and creativity management, or about negotiation strategies.
The topics covered include:
Cash flow diagrams. Financing and Investments. Inflation. Projects and Investment alternatives. Time value of money. Interest rate, interest earned. Opportunity cost. Simple interest. Compound interest. Nominal and effective interest rates. Cash Flows Equivalence. Formulas and factors. Bases for comparison of alternatives. Present Worth. Future Worth. Future Worth and Present Worth with simple interest. Annual Equivalent. Future Worth, Annual Equivalent and Present Worth: a comparison. Payback Period. Incremental Investment. Internal rate of return. Minimum Attractive Rate of Return. Alternatives with unequal lives. Choice of not investing. Project Balance.
Introduction to Micro- and Macro-economics. Real vs. nominal prices. Consumer and producer price indexes. Supply and Demand curves. The Reserve Price. Shifting of Supply and Demand curves. The Market Mechanism. Market Clearing Price. Price Elasticity of Demand. Elasticities of Supply and Demand. Point, arc and cross-price elasticities. Other elasticities. Long-run and Short-run elasticities. World oil market example. Consumer behavior and preferences. Indifference curves. Perfect complements and substitutes. Marginal rate of substitution. Regular preferences. Utility and utility functions. Marginal Utility. Utility functions (also for perfect complements and substitutes). Almost linear preferences. Budget line. Changes in income and prices. Consumer choice and maximization of consumer satisfaction. Consumer choice in the case of perfect complements and substitutes. Production. The production function. Average and marginal products. Isoquants. Production in the short and long run. Marginal rate of technical substitution. Costs of production in the long and short run. Shapes of the cost curves. Isocost curves. Choice of optimum inputs. Perfectly Competitive Markets. Marginal Revenue, Marginal Cost, and Profit Maximization. Output choices in the Short- and Long-run. Prices to enter and exit the market. Single firm demand and supply curves. Industry demand and supply curves.
Seminar on the management of creativity and innovation or on strategies for effective negotiation.
Case studies and practical exercises are included.
The teacher provides a more detailed program on the Moodle platform.
- Pindyck, R. & Rubinfeld, D. Microeconomics (8th ed. or newer), Prentice Hall International.
- La Bella, A. & Capece, G. Manuale di Direzione d'Impresa, Franco Angeli. (ONLY THE CHAPTER NAMED "Creatività, Innovazione e Sviluppo")
All the materials made available by the teacher on the Moodle platform are part of the course, and their study is necessary to pass the final exam. They are provided in addition to the textbooks listed here.
Programme
Students will learn how to evaluate investment projects for profitability and risk. They will also study the behavior and interactions of individuals and firms in making decisions regarding the allocation of scarce resources. Students will analyze the market mechanisms that establish relative prices of goods and services and allocate limited resources among alternative uses.The course also includes a seminar about innovation and creativity management, or about negotiation strategies.
The topics covered include:
Cash flow diagrams. Financing and Investments. Inflation. Projects and Investment alternatives. Time value of money. Interest rate, interest earned. Opportunity cost. Simple interest. Compound interest. Nominal and effective interest rates. Cash Flows Equivalence. Formulas and factors. Bases for comparison of alternatives. Present Worth. Future Worth. Future Worth and Present Worth with simple interest. Annual Equivalent. Future Worth, Annual Equivalent and Present Worth: a comparison. Payback Period. Incremental Investment. Internal rate of return. Minimum Attractive Rate of Return. Alternatives with unequal lives. Choice of not investing. Project Balance.
Introduction to Micro- and Macro-economics. Real vs. nominal prices. Consumer and producer price indexes. Supply and Demand curves. The Reserve Price. Shifting of Supply and Demand curves. The Market Mechanism. Market Clearing Price. Price Elasticity of Demand. Elasticities of Supply and Demand. Point, arc and cross-price elasticities. Other elasticities. Long-run and Short-run elasticities. World oil market example. Consumer behavior and preferences. Indifference curves. Perfect complements and substitutes. Marginal rate of substitution. Regular preferences. Utility and utility functions. Marginal Utility. Utility functions (also for perfect complements and substitutes). Almost linear preferences. Budget line. Changes in income and prices. Consumer choice and maximization of consumer satisfaction. Consumer choice in the case of perfect complements and substitutes. Production. The production function. Average and marginal products. Isoquants. Production in the short and long run. Marginal rate of technical substitution. Costs of production in the long and short run. Shapes of the cost curves. Isocost curves. Choice of optimum inputs. Perfectly Competitive Markets. Marginal Revenue, Marginal Cost, and Profit Maximization. Output choices in the Short- and Long-run. Prices to enter and exit the market. Single firm demand and supply curves. Industry demand and supply curves.
Seminar on the management of creativity and innovation or on strategies for effective negotiation.
Case studies and practical exercises are included.
The teacher provides a more detailed program on the Moodle platform.
Core Documentation
- Campisi, D. & Costa, R. Economia applicata all'ingegneria. Carocci editore.- Pindyck, R. & Rubinfeld, D. Microeconomics (8th ed. or newer), Prentice Hall International.
- La Bella, A. & Capece, G. Manuale di Direzione d'Impresa, Franco Angeli. (ONLY THE CHAPTER NAMED "Creatività, Innovazione e Sviluppo")
All the materials made available by the teacher on the Moodle platform are part of the course, and their study is necessary to pass the final exam. They are provided in addition to the textbooks listed here.
Reference Bibliography
- Campisi, D. & Costa, R. Economia applicata all'ingegneria. Carocci editore. - Pindyck, R. & Rubinfeld, D. Microeconomia (ottava edizione o più recente). Pearson Prentice Hall - La Bella, A. & Capece, G. Manuale di Direzione d'Impresa, Franco Angeli. (SOLO IL CAPITOLO DAL TITOLO "Creatività, Innovazione e Sviluppo")Attendance
Students are strongly encouraged to attend classes, as in-class participation provides the opportunity to deepen their understanding through direct interaction with the instructor and classmates. Studying the materials provided and recommended by the instructor is important, as is attending lectures, which allows students to gain additional perspectives and information. For students who are unable to attend for valid reasons, as specified by the University regulations—such as working students—additional materials will be provided or recommended to facilitate the understanding of topics and ensure adequate exam preparation, allowing for remote learning. Students who fall under the categories outlined in the University regulations are invited to contact the instructor for further guidance.Type of evaluation
Written test with exercises and theoretical questions. teacher profile teaching materials
- Consumer and producer behaviour: the problem of optimal consumer choice subject to the budget constraint, elasticity of demand
- Production decisions (short- and long-run): technology and production function, returns to scale
- Production costs: average and marginal costs; fixed and variable production costs.
Learning unit: The nature of accounting systems - management accounting
- The nature of management accounting
- The classification of costs according to their behaviour
- Full costs and their use: Direct costs and indirect costs; Comparison of direct costs and variable costs; Special costs and common costs versus direct costs and indirect costs; Cost flow diagrams; Life Cycle Costing;
- Job-order and process-based costing systems; The recognition of direct costs (labour and materials); The problem of indirect cost allocation; Cost centres; Overhead cost allocation coefficients;
- Activity-based costing: Activity Based Costing (outline)
Learning unit: The decision-making and control processes of enterprises: Methodologies for analysing investment projects
- Present value and opportunity cost of capital; The net present value rule; Valuation of long-term assets; Perpetual and annuity annuities; Compound interest and present value; Nominal and real interest rates;
- Criteria for choosing alternative investments to Net Present Value: Payback Time; Internal Rate of Return
- Investment decisions using the NPV method: Estimating cash flows and interaction between projects; Annual equivalent costs
"ECONOMICS APPLIED TO ENGINEERING", EDITION 2022 - "CREATE" BOOK IN ITALIAN SPECIFIC TO THE COURSE HELD AT THE ENGINEERING DEPARTMENT, FROM THE MC GRAW HILL PUBLISHING HOUSE - AVAILABLE IN SOME COPIES AT THE "EFESTO" BOOKSTORE AND AT ONLINE BOOKSTORE SITES
THE DIGITAL VERSION CAN BE PURCHASED ON THE MCGRAW-HILL WEBSITE https://www.mheducation.com/highered/custom, SELECTING ITALY AS THE COUNTRY AND ENTERING THE ISBN CODE 9781307851151
ENGLISH VERSIONS
THE TEXT IS CREATED WITH CHAPTERS FROM THE FOLLOWING BOOKS
BERNHEIM, WHINSTON, "MICROECONOMICS", 3/ED, MC GRAW HILL, 2020 - CHAPTERS 1 TO 4 and 6 TO 8 (chapters are the same if you refer to the 4th edition of 2023)
Programme
Learning unit: Elements of economic analysis- Consumer and producer behaviour: the problem of optimal consumer choice subject to the budget constraint, elasticity of demand
- Production decisions (short- and long-run): technology and production function, returns to scale
- Production costs: average and marginal costs; fixed and variable production costs.
Learning unit: The nature of accounting systems - management accounting
- The nature of management accounting
- The classification of costs according to their behaviour
- Full costs and their use: Direct costs and indirect costs; Comparison of direct costs and variable costs; Special costs and common costs versus direct costs and indirect costs; Cost flow diagrams; Life Cycle Costing;
- Job-order and process-based costing systems; The recognition of direct costs (labour and materials); The problem of indirect cost allocation; Cost centres; Overhead cost allocation coefficients;
- Activity-based costing: Activity Based Costing (outline)
Learning unit: The decision-making and control processes of enterprises: Methodologies for analysing investment projects
- Present value and opportunity cost of capital; The net present value rule; Valuation of long-term assets; Perpetual and annuity annuities; Compound interest and present value; Nominal and real interest rates;
- Criteria for choosing alternative investments to Net Present Value: Payback Time; Internal Rate of Return
- Investment decisions using the NPV method: Estimating cash flows and interaction between projects; Annual equivalent costs
Core Documentation
Reference Text:"ECONOMICS APPLIED TO ENGINEERING", EDITION 2022 - "CREATE" BOOK IN ITALIAN SPECIFIC TO THE COURSE HELD AT THE ENGINEERING DEPARTMENT, FROM THE MC GRAW HILL PUBLISHING HOUSE - AVAILABLE IN SOME COPIES AT THE "EFESTO" BOOKSTORE AND AT ONLINE BOOKSTORE SITES
THE DIGITAL VERSION CAN BE PURCHASED ON THE MCGRAW-HILL WEBSITE https://www.mheducation.com/highered/custom, SELECTING ITALY AS THE COUNTRY AND ENTERING THE ISBN CODE 9781307851151
ENGLISH VERSIONS
THE TEXT IS CREATED WITH CHAPTERS FROM THE FOLLOWING BOOKS
BERNHEIM, WHINSTON, "MICROECONOMICS", 3/ED, MC GRAW HILL, 2020 - CHAPTERS 1 TO 4 and 6 TO 8 (chapters are the same if you refer to the 4th edition of 2023)
Attendance
Two weekly lessons in person. Distance learning lessons are recorded and made available for a limited time (maximum two weeks).Type of evaluation
Written exam with exercises and theory questions, plus a possible oral exam at the student's request.