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Economia dell'Impresa (INF)
Business Economics
Donato Iacobucci

Seat Ingegneria
A.A. 2015/2016
Credits 6
Hours 48
Period II
Language ENG

Prerequisites
None

Learning outcomes
The course aims to provide basic knowledge of micro and macro economic aspects and analytical tools on the following aspects: a) Organization and behaviour of firms; b) the market dynamics and competitive strategies; c) organizational and economic dimensions of digital economy

Program
The course is organized in three parts: 1) Organization and behaviour of firms: basic concepts of microeconomics, cost functions, demand functions, markets, prices, scale and scope economies; firms’ institutional and organizational forms. 2) Financial analysis: income statement and balance sheet; risk and opportunity cost of capital; investmente evaluation; - Market structures: perfect competition, monopoly, imperfect competition, oligopoly; industry analysis.

Development of the examination
LEARNING EVALUATION METHODS
The assessment of students' learning is attained by: 1) A written test, consisting of two/three open questions about the topics covered in the course and in the solution of two/three exercises. The duration of the test is about two hours. 2) 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, the student must demonstrate to know the concepts and models illustrated in the course.The student must also demonstrate the ability to solve simple exercises about business decisionsc.

LEARNING MEASUREMENT CRITERIA
A score is assigned to each of the questions and exercises. The sum of the points awarded to questions and exercises 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 by no more than three points.

FINAL MARK ALLOCATION CRITERIA
The 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
N. Gregory Mankiw, Mark P. Taylor, Andrew Ashwin - Business economics - Cengage Learning EMEA, 2013, Chapters 1-15

Courses

• Ingegneria Informatica e dell'Automazione (Corso di Laurea Triennale (DM 270/04))