The course aims to provide basic knowledge for understanding micro and macroeconomic issues; To interpret the structure of the enterprise and its decision-making and management control processes as well as the issues related to competitive strategies

The course will also enable you to acquire knowledge of financial mathematics; principles of assessment science, economic and financial assessment of investment projects; use of the most important criteria of choice.

The teaching methodology of the course includes lectures and exercises.

There will be exercises with the help of the Connect-Mcgraw Hill Educational platform.

Classroom exercises are planned.

If the teaching will be taught in mixed mode or at a distance, the necessary variations may be introduced compared to what previously stated, in order to comply with the program envisaged and reported in the Syllabus.

The lessons can also be done electronically and/ or mixed if conditions so require.

The programming of the exercises can be remodulated, if conditions so require.

In this regard, tools have been integrated into the textbook to support the understanding and verification of the topics of the course: Connect-Mcgraw Hill Educational Platform.

1. PRINCIPLES OF ECONOMY

Economic science and the economy *.

2. MICROECONOMICS*

Demand, supply and operation of the market. The utility-based theory of demand; the theory of consumer behavior and indifference curves; demand elasticity.

3. MICROECONOMICS *

The theory of production: the production function. Production costs. Functions of short and long-term costs. Returns to scale.

4. MICROECONOMICS *

Market structure and business behavior (maximization of economic profit): fundamental characteristics and short and long-term balance in the following market forms: perfect competition, monopoly, oligopoly and monopoly competition.

5. INTRODUCTION TO ECONOMIC WELFARE *

Fairness and efficiency. Perfect competition and Paretian efficiency. The general economic equilibrium theory and the Edgeworth box. Externalities, the environmental economy.

6. MACROECONOMICS*

Macroeconomic variables. Monetary variables. Economic policy. Fiscal policy. Monetary policy.

7. THE COMPANY AND THE DECISION AND MANAGEMENT CONTROL PROCESSES: GENERAL ACCOUNTING, FINANCIAL STATEMENTS AND STRATEGIC PLANNING

Company, business and entrepreneur. Legal forms of the company. Business informative system. Management and detection of administrative facts *. The capital of the company under the qualitative and quantitative aspect *. The Annual financial statements: the balance sheet and the income statement*. Principles of preparation of the statutory financial statements. Business analysis by indices, margins and flows *. The strategic planning process *.

8. ECONOMIC AND FINANCIAL ASSESSMENT OF INVESTMENT PROJECTS *

Elements of financial mathematics. Financial analysis.

Main methods of investment selection: Net Present Value (NPV); the Internal Rate of Return (TIR); comparative analysis between the VAN method and the TIR method; Average recovery period (PBP); Accounting rate of return (TRC) and Discounted cash flow. Cost-benefit analysis and cost-income analysis principles.

* Essential knowledge that can not be renounced for passing the exam

TROVATO M.R. (edit by) (under publication), Economia Applicata all'Ingegneria. CREATE. McGraw-Hill, Milano + Connect, ISBN: 9781307848793.

(With reference to the text: Begg D., Vernasca G., Fisher S., Dornbusch R., Economia, VII edizione, McGraw-Hill Education, Milano and to the text Anthony R.N., Hawkins D., Macrì D. M., Merchant K.A. Il Bilancio, XV edizione, McGraw-Hill Education, Milano).

Oral and written examination is scheduled.

The assessment of learning may also be carried out electronically, if conditions so require

1. Theory of consumer choice: analytical and graphic solution.

2 Technical problems of the producer: analytical and graphic solution.

3. Economic problem of the producer (perfect concurrent market, of monopoly competition, monopoly, and oligopoly): analytical and graphic solution.

4. Business costs (short and long term) and relationship between cost curves.

5. Macroeconomic variables. Monetary variables.

6. Corporate information system. Double-entry system.

7.Financial statement: purpose, structure and drafting principles.

8. Budget analysis: indices, margins, flows.

9. Strategic planning: strategic plan, Abel Model, Ansoff Matrix, Boston Matrix, General Eletric Matrix.

10.Assessment of investments: VAN, TIR, PBP, TRC and Discounted Cash flow.

11. Exercise of financial mathematics.

12. Accounting accounting exercise.