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
- 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 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)
- ANTHONY, HAWKINS, MERCHANT, “Accounting: Text and cases” 13/ED MAC GRAW HILL
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 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)
- ANTHONY, HAWKINS, MERCHANT, “Accounting: Text and cases” 13/ED MAC GRAW HILL
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. 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 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)
- ANTHONY, HAWKINS, MERCHANT, “Accounting: Text and cases” 13/ED MAC GRAW HILL
Mutuazione: 20801955 ECONOMIA APPLICATA ALL'INGEGNERIA in Ingegneria Informatica e dell'Intelligenza Artificiale L-8 R N0 DE LUCA TECLA
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 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)
- ANTHONY, HAWKINS, MERCHANT, “Accounting: Text and cases” 13/ED MAC GRAW HILL
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. 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 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)
- ANTHONY, HAWKINS, MERCHANT, “Accounting: Text and cases” 13/ED MAC GRAW HILL
Mutuazione: 20801955 ECONOMIA APPLICATA ALL'INGEGNERIA in Ingegneria Informatica e dell'Intelligenza Artificiale L-8 R N0 DE LUCA TECLA
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 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)
- ANTHONY, HAWKINS, MERCHANT, “Accounting: Text and cases” 13/ED MAC GRAW HILL
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. 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 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)
- ANTHONY, HAWKINS, MERCHANT, “Accounting: Text and cases” 13/ED MAC GRAW HILL
Mutuazione: 20801955 ECONOMIA APPLICATA ALL'INGEGNERIA in Ingegneria Informatica e dell'Intelligenza Artificiale L-8 R N0 DE LUCA TECLA
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 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)
- ANTHONY, HAWKINS, MERCHANT, “Accounting: Text and cases” 13/ED MAC GRAW HILL
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.