Aim of the course
Knowledge and understanding
To understand and analyze the strategic, organizational, managerial and economic and financial aspects of the business management, with a specific focus to the productive systems. To integrate quantitative approaches and qualitative variables of the organizational systems. To model systems and to face complex issues, linking economic and organizational competences to technological and engineering-based competences, practical applications and case-studies.
Applying knowledge and understanding
To interpret approaches, methodologies, techniques and tools for the business management, at strategic, managerial and operative level. To understand and read critically changing dynamics about scenario, technologies, organizations to improve business performance.
Making judgements
To develop an inter-disciplinary perspective between engineering and business management.
Communication skills
To improve analysis and presentation skills about managerial issues and tools, linking competences’ portfolios of the students, in particular between industrial and mechanical contents and business management contents. To illustrate critically the results of empirical analysis, case study and exercises.
Knowledge and understanding
To understand and analyze the strategic, organizational, managerial and economic and financial aspects of the business management, with a specific focus to the productive systems. To integrate quantitative approaches and qualitative variables of the organizational systems. To model systems and to face complex issues, linking economic and organizational competences to technological and engineering-based competences, practical applications and case-studies.
Applying knowledge and understanding
To interpret approaches, methodologies, techniques and tools for the business management, at strategic, managerial and operative level. To understand and read critically changing dynamics about scenario, technologies, organizations to improve business performance.
Making judgements
To develop an inter-disciplinary perspective between engineering and business management.
Communication skills
To improve analysis and presentation skills about managerial issues and tools, linking competences’ portfolios of the students, in particular between industrial and mechanical contents and business management contents. To illustrate critically the results of empirical analysis, case study and exercises.
teacher profile teaching materials
"ECONOMICS OF PRODUCTION SYSTEMS"
CONTENTS OF THE COURSE
Introduction - Economic science and the market
First part - Microeconomics
Second part - Introduction to the business system
Third part - Production management
Fourth part - Comparative Business Government-relations: Investment Analysis and Project Financing
EXTENDED PROGRAM
INTRODUCTION
ECONOMIC SCIENCE AND THE MARKET
Economic science
- Economics applied to Engineering (EAI)
- The economic problem
- The different economic disciplines and industrial economics
- Microeconomics and Macroeconomics
- The analysis of economic issues
The forms of the market
- The degree of competition
- Perfect competition
- Monopoly
- Monopolistic competition
- Oligopoly
- Price discrimination
- Game theory
- Market failures and public intervention
PART ONE - MICROECONOMICS
The supply-demand model
- The market
- Market supply and demand
- The determination of the price
- Market equilibrium
- The elasticity of supply and demand
The Consumer Theory
- Consumer preferences
- The budget constraint
- The marginal utility
- The utility function
- Consumer balance
Production: costs, revenues and profit
- The production function
- Short-term costs
- The long-term costs
- Revenues
- The maximization of profit
- The balance of the producer
SECOND PART - INTRODUCTION TO THE COMPANY SYSTEM
The company
- The company as an economic institution
- General characteristics: object of the company and subjects of the company ("legal entity" and "economic entity")
- Types of companies
- The company in its more general economic characteristics
- The aims of the business, economic equilibrium as a fundamental condition of life for the business, economic equilibrium and economy
- Business organization
- Business strategy
THIRD PART - PRODUCTION MANAGEMENT
- Operation supply chain management (OSCM)
- Product development process
- Business process redesign (BPR)
- Process performance measurement
- Total quality management
- Production capacity planning and management strategies
PART FOUR - COMPARATIVE BUSINESS-GOVERNMENT RELATIONS: INVESTMENT ANALYSIS AND PROJECT FINANCING
Investment analysis
- Choices and principles of equivalence and systems of choice
- Capital and Interest: Discounting and capitalization
- Investments and inflation
- Profit and profitability in investment choices
Project financing
- Public private partnership
- Definitions, characteristics and stakeholders involved
- Project financing models and risk management
- Sectors, type of works and economic and financial sustainability
- Project analysis: viability tests, economic-financial analysis and indicators
- Profitability in project finance
- Outline of ethical finance and non-conventional finance models
- Normative requirements
Reference didactic materials
- Slide by the teacher
External Seminars of Sector Experts
Programme
TEACHING PROGRAM"ECONOMICS OF PRODUCTION SYSTEMS"
CONTENTS OF THE COURSE
Introduction - Economic science and the market
First part - Microeconomics
Second part - Introduction to the business system
Third part - Production management
Fourth part - Comparative Business Government-relations: Investment Analysis and Project Financing
EXTENDED PROGRAM
INTRODUCTION
ECONOMIC SCIENCE AND THE MARKET
Economic science
- Economics applied to Engineering (EAI)
- The economic problem
- The different economic disciplines and industrial economics
- Microeconomics and Macroeconomics
- The analysis of economic issues
The forms of the market
- The degree of competition
- Perfect competition
- Monopoly
- Monopolistic competition
- Oligopoly
- Price discrimination
- Game theory
- Market failures and public intervention
PART ONE - MICROECONOMICS
The supply-demand model
- The market
- Market supply and demand
- The determination of the price
- Market equilibrium
- The elasticity of supply and demand
The Consumer Theory
- Consumer preferences
- The budget constraint
- The marginal utility
- The utility function
- Consumer balance
Production: costs, revenues and profit
- The production function
- Short-term costs
- The long-term costs
- Revenues
- The maximization of profit
- The balance of the producer
SECOND PART - INTRODUCTION TO THE COMPANY SYSTEM
The company
- The company as an economic institution
- General characteristics: object of the company and subjects of the company ("legal entity" and "economic entity")
- Types of companies
- The company in its more general economic characteristics
- The aims of the business, economic equilibrium as a fundamental condition of life for the business, economic equilibrium and economy
- Business organization
- Business strategy
THIRD PART - PRODUCTION MANAGEMENT
- Operation supply chain management (OSCM)
- Product development process
- Business process redesign (BPR)
- Process performance measurement
- Total quality management
- Production capacity planning and management strategies
PART FOUR - COMPARATIVE BUSINESS-GOVERNMENT RELATIONS: INVESTMENT ANALYSIS AND PROJECT FINANCING
Investment analysis
- Choices and principles of equivalence and systems of choice
- Capital and Interest: Discounting and capitalization
- Investments and inflation
- Profit and profitability in investment choices
Project financing
- Public private partnership
- Definitions, characteristics and stakeholders involved
- Project financing models and risk management
- Sectors, type of works and economic and financial sustainability
- Project analysis: viability tests, economic-financial analysis and indicators
- Profitability in project finance
- Outline of ethical finance and non-conventional finance models
- Normative requirements
Reference didactic materials
- Slide by the teacher
External Seminars of Sector Experts
Core Documentation
Slides and handouts by the teacherReference Bibliography
The bibliography for the different modules will be provided during the courseType of delivery of the course
The course will take place in person with the possibility of following live / recorded lessons also online. Lectures and testimonials from experts on the subject will be held.Attendance
Attendance is optional, although necessary for the purposes of better learning the courseType of evaluation
The exam will take place in written form (including exercises and theory questions)