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Economia dei Sistemi Industriali
Industrial Economics
Alessandra Micozzi

Seat Ingegneria
A.A. 2016/2017
Credits 9
Hours 72
Period I
Language ENG

Prerequisites
None

Learning outcomes
KNOWLEDGE AND UNDERSTANDING:
The course will enables students to acquire knowledge related to firms’ strategic choices and the factors affecting the competitive advantage of firms. Specific attention is paid to make or buy decisions, the management of the supply chain and the management of innovation. By integrating the knowledge gained in other courses, will increase students’ knowledge in understanding the strategic choices of firms in the organization of production, innovation and the interaction within other firms within the production chain. The course will also provide students with basic knowledge about the internationalization processes of firms and the role of these processes in the context of the business growth strategies.
CAPACITY TO APPLY KNOWLEDGE AND UNDERSTANDING:
After completing the course the student will be able to evaluate corporate decisions about make or buy choice and the management of contractual relations within the supply chain. Students will also acquire several specific skills, such as: 1. the ability to evaluate the cost and benefits of vertical integration choices taking into consideration both production and transaction costs; 2. the ability to assess the costs and benefits of different forms of internationalization according to the company's strategic decisions; 3. the ability to evaluate costs and benefits of innovative projects.
TRANSVERSAL SKILLS:
During the course students are required to solve a variety of business issues, with reference to make or buy decisions and innovation projects. In addition, students are required, in team, to write a business plan for a new venture. They are therefore required to present and discuss the results of their work in class. These activities will contribute to improve independent judgment, communication skills and autonomous learning.

Program
Industry dynamics and competitive strategy. Entry and exit decisions. The vertical boundaries of firms and the make or buy decisions. The horizontal boundaries of firms: growth strategies and diversification. The internationalization processes. Strategic positioning and competitive advantage. Innovation and differentiation. Management of innovation

Development of the examination
LEARNING EVALUATION METHODS
The assessment of students' learning is made by: - A written test, consisting of five/six open questions about the topics covered in the course. - An oral part, consisting in the discussion of the results of the written test and further questions on the topics covered in the course. Students cannot access the oral part of the exam if they have not passed the written test.

LEARNING EVALUATION CRITERIA
To successfully pass the final assessment, students must demonstrate to know the concepts and models illustrated in the course. Students must also demonstrate the ability to solve exercises related the main topics of the course.

LEARNING MEASUREMENT CRITERIA
A score is assigned to each question. The sum of the points awarded to the questions is equal to thirty. Scores will be based on the following criteria: a) the completeness and accuracy of the answer b) the development of arguments, c) the use of the appropriate terminology. The result obtained in the written test can be increased or decreased in the oral test

FINAL MARK ALLOCATION CRITERIA
he outcome of the evaluation is positive when the student reach at least eighteen points out of thirthy. The highest rating is achieved by demonstrating a thorough knowledge of the content of the course

Recommended reading
Besanko D., Dranove D., Shanley M. S. Schaefer - Economics of strategy – 6th Edition, Wiley, 2012

Courses

• Ingegneria Gestionale (Corso di Laurea Magistrale Fuori Sede (DM 270/04))