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Economia dell'Impresa (BIO+MECC)
Business Economics
Francesca Micozzi

Seat Ingegneria
A.A. 2016/2017
Credits 6
Hours 48
Period II
Language ENG

Prerequisites
None

Learning outcomes
KNOWLEDGE AND UNDERSTANDING:
At the end of the course students will be able to apply the methodology used in the main corporate decisions, such as production capacity, production volumes and investment projects. The course will enable students to understand the principles underlying the evaluation of product costs and the methodology to calculate costs and benefits of new projects. The course will also provide students with basic knowledge about the different forms of market structures and about the models explaining the behavior of firms in different market situations.
CAPACITY TO APPLY KNOWLEDGE AND UNDERSTANDING:
At the end of the course students will be able to apply the methodology used for the main corporate decisions. Students will acquire several specific skills, such as: 1. the ability to determine the cost and revenue functions in different decision-making contexts; 2. the ability to examine the financial statements for the assessment of firm’s performance; 3. the ability to apply the appropriate methodology for the economic and financial evaluation of investment projects.
TRANSVERSAL SKILLS:
During the course students are required to work in team to solve a variety of business cases, such as the introduction of new products or the financial evaluation of investments. The teams are required to present and discuss the results of their work in class. These activities will contribute to improve the degree of independent judgment, communication skills and the ability of autonomous learning.

Program
The programe of the subject is divided in three parts: 1)Organization and behaviour of firms: basic concepts of microeconomics (cost functions, markets, prices); firms’ institutional and organizational forms; scale and scope economies. 2)Principles of accounting; financial analysis; capital budgeting 3)Market structures: perfect competition, monopoly, imperfect competition, oligopoly; industry analysis.

Development of the examination
LEARNING EVALUATION METHODS
The final exam is based on a written and an oral part.

LEARNING EVALUATION CRITERIA
The students must be able to do microeconomics exercises, to develop a market analysis and to analyse a balance sheet

LEARNING MEASUREMENT CRITERIA
The answers given during the exam must be clear and complete

FINAL MARK ALLOCATION CRITERIA
The mark is the average between oral and written exam.

Recommended reading
Mankiw, Taylor, Ashwin - Principi di economia per l'impresa - Zanichelli, 2015 Anthony R.N. et al. - Il bilancio. Analisi economiche per le decisioni e la comunicazione della performance - McGraw-Hill (quattordicesima edizione)

Courses

• Ingegneria Biomedica (Corso di Laurea Triennale (DM 270/04))
• Ingegneria Meccanica (Corso di Laurea Triennale (DM 270/04))