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, “MICROECONOMICS”, 2/ED, MC GRAW HILL, 2013 – CHAPTER FROM 1 TO 9
ANTHONY, HAWKINS, MERCHANT, “ACCOUNTING: TEXTS AND CASES” 13/ED, MAC GRAW HILL, 2011
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” BOOK – AVAILABLE IN “EFESTO” BOOKSTORETHE BOOK HAS BEEN MADE BY MERGING THE FOLLOWING BOOK CHAPTERS
BERNHEIM, WHINSTON, “MICROECONOMICS”, 2/ED, MC GRAW HILL, 2013 – CHAPTER FROM 1 TO 9
ANTHONY, HAWKINS, MERCHANT, “ACCOUNTING: TEXTS AND CASES” 13/ED, MAC GRAW HILL, 2011
Type of evaluation
Written test Evaluation in itinere 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, “MICROECONOMICS”, 2/ED, MC GRAW HILL, 2013 – CHAPTER FROM 1 TO 9
ANTHONY, HAWKINS, MERCHANT, “ACCOUNTING: TEXTS AND CASES” 13/ED, MAC GRAW HILL, 2011
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” BOOK – AVAILABLE IN “EFESTO” BOOKSTORETHE BOOK HAS BEEN MADE BY MERGING THE FOLLOWING BOOK CHAPTERS
BERNHEIM, WHINSTON, “MICROECONOMICS”, 2/ED, MC GRAW HILL, 2013 – CHAPTER FROM 1 TO 9
ANTHONY, HAWKINS, MERCHANT, “ACCOUNTING: TEXTS AND CASES” 13/ED, MAC GRAW HILL, 2011
Type of evaluation
Written test Evaluation in itinere