The course aims to teach the fundamentals of the economic environment and industrial economics, in order to understand the strategic, organizational, managerial, economic and financial aspects of the business management, with a specific focus to the business areas related to marine resources utilization. This includes the basic of environmental and natural resources economics.
teacher profile teaching materials
- ECONOMIC SCIENCE AND THE MARKET (Introduction to: The economic problem, Business economics, Microeconomics and Macroeconomics; The analysis of economic issues; Market forms: The degree of competition; Perfect competition; Monopoly; Monopoly competition; Oligopoly);
- MICROECONOMY (The supply-demand model: The market; The market supply and demand; The determination of the price; The market equilibrium; The elasticity of supply and demand; The Theory of the consumer: The preferences of the consumer; The budget constraint; The marginal utility; The utility function; The production: costs, revenues and profit; The production function; The short-run costs; The long-run costs; The revenues; The maximization of profit );
- BUSINESS ECONOMICS AND THE ENTERPRISE 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 company; The company in the more general economic characteristics; The purposes of the company, The economic equilibrium as a fundamental condition of life of the company; Economics and Indices; Accounting principles: the double entry method; management, settlement and closing records; Organization Business, Business Strategy);
- INVESTMENT ANALYSIS AND PROJECT FINANCING (Choices and principles of equivalence and systems of choice; Capital and Interests: discounting and capitalization; Investments and Inflation; Profit, profitability and investment choices; The role of public administration in support of companies: financial relations and real services; Types of public-private investment partnerships; Definitions, characteristics and stakeholders involved; Project financing models and risk management; Sectors, types of works and economic-financial sustainability; project: viability test, economic-financial analysis and indicators; Profitability in project finance; Hints on ethical finance and non-conventional finance models);
- ECONOMIC CONTEXT OF COMPANIES OPERATING IN THE MARINE SECTOR (Environmental economics and sustainable development; The blue economy and the marine supply chain; Corporate governance and risk management of maritime enterprises; Environmental degradation and market failures; Environmental technologies - the marine environment and its protection; Waste management and circular economy; European policies and national transpositions; Exploitation and economics of marine resources (maritime transport; port logistics; shipbuilding; the importance of submarine cables, regasifiers and hydrocarbon exploration; resources ocean mining; renewable energy from the sea).
As part of the course, seminars and testimonials from authoritative industry representatives will be held.
Programme
The course program includes the discussion of the following topics:- ECONOMIC SCIENCE AND THE MARKET (Introduction to: The economic problem, Business economics, Microeconomics and Macroeconomics; The analysis of economic issues; Market forms: The degree of competition; Perfect competition; Monopoly; Monopoly competition; Oligopoly);
- MICROECONOMY (The supply-demand model: The market; The market supply and demand; The determination of the price; The market equilibrium; The elasticity of supply and demand; The Theory of the consumer: The preferences of the consumer; The budget constraint; The marginal utility; The utility function; The production: costs, revenues and profit; The production function; The short-run costs; The long-run costs; The revenues; The maximization of profit );
- BUSINESS ECONOMICS AND THE ENTERPRISE 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 company; The company in the more general economic characteristics; The purposes of the company, The economic equilibrium as a fundamental condition of life of the company; Economics and Indices; Accounting principles: the double entry method; management, settlement and closing records; Organization Business, Business Strategy);
- INVESTMENT ANALYSIS AND PROJECT FINANCING (Choices and principles of equivalence and systems of choice; Capital and Interests: discounting and capitalization; Investments and Inflation; Profit, profitability and investment choices; The role of public administration in support of companies: financial relations and real services; Types of public-private investment partnerships; Definitions, characteristics and stakeholders involved; Project financing models and risk management; Sectors, types of works and economic-financial sustainability; project: viability test, economic-financial analysis and indicators; Profitability in project finance; Hints on ethical finance and non-conventional finance models);
- ECONOMIC CONTEXT OF COMPANIES OPERATING IN THE MARINE SECTOR (Environmental economics and sustainable development; The blue economy and the marine supply chain; Corporate governance and risk management of maritime enterprises; Environmental degradation and market failures; Environmental technologies - the marine environment and its protection; Waste management and circular economy; European policies and national transpositions; Exploitation and economics of marine resources (maritime transport; port logistics; shipbuilding; the importance of submarine cables, regasifiers and hydrocarbon exploration; resources ocean mining; renewable energy from the sea).
As part of the course, seminars and testimonials from authoritative industry representatives will be held.
Core Documentation
The entire teaching material will be provided online directly by the teacher.Reference Bibliography
The entire teaching material will be provided online directly by the teacher.Type of delivery of the course
Lessons will take place face to face in the classroom at the Ostia Campus, with the possibility of following the lessons also online.Attendance
Attendance is recommended for the purpose of a better understanding of the course topics for the final exam.Type of evaluation
The exam consists of a single written test at the end of the course with exercises, cross-questions and open-ended questions concerning the entire course material.