The course offers a vision of the main methodologies for representation and economic analysis of business results, of the business sectors and of the markets. Attention is focused on corporate accounting, on economic and financial evaluation of business decisions and investments, on cost analysis and on economic-managerial processes and mechanisms that characterize the firms and the behavior of economic agents in the markets.
This course aims to provide: the main tools for representing and analyzing economic results; the concepts for setting the economic-financial evaluation of investment projects; tools for cost analysis.
The Business Economics and Organisation course is designed for students on the BSc in Management Engineering to understand what a firm is, what its role is in the economic system and how it can best fulfil it. The course aims both at learning and understanding economic, financial and managerial languages and at introducing and developing the fundamental principles and concepts of accounting, company financial statements and cost analysis, that are the fundamental elements for representing the dynamics of firms. The course provides the interpretative tools that, starting from the information contained in the financial statements, enable the assessment of the economic and financial situation of the business. Furthermore, from the fundamentals of finance, the course develops the knowledge and skills useful to deal with economically rational decisions related to the economic-financial evaluation of business choices and investment projects. Finally, it provides the basic analytical tools for studying the behaviour of economic agents (consumers, enterprises, state) and their interactions in markets.
There are no specific requirements.
Classroom lectures and exercises on methodological and technological aspects, also with the support and discussion of case studies and testimonials from firms and institutions
Students holding valid certificates for disability, specific learning disabilities (SLD), or special educational needs (SEN) may refer to the services, compensatory tools, specific measures, and aids, as well as the requirements and conditions for accessing and using them, explained on https://unige.it/disabilita-dsa.
Firms: general characteristics
The firm and its goals. Forms of the firms. Ownership and control. The firm and the economic context.
General Accounting
Objectives and structure of the financial statements. Balance sheet and profit and loss account: main sections and items. Preparation of the balance sheet and its reclassifications. Balance sheet analysis. Cash flow statement. Reading and analysis of company financial statements.
Managerial Accounting
Goals of cost accounting. Types of cost, Main costing methods: process costing, job costing, operation costing and activity based costing. Cost-volume-results relationships. Short-term decisions: make-or-buy analysis, production mix and break-even analysis.
How companies make decisions: investment assessment
Opportunity cost of capital, cash flows, differential analysis. Time value of money, present value. Cash flows accounting. Net Present Value, Internal Rate of Return and other valuation criteria. The total cost and incremental cost approach. Decisions on minimum cost.
Firms and markets
Supply and demand. Individual demand and market demand. Behaviour of the firm and the consumer, market equilibrium. Consumer preferences. Technology and production. Costs.
REFERENCE BOOKS
Slide and other materials provided by the professors
Ricevimento: On appointment by e-mail
Ricevimento: The professor is available for students at the end of each lesson or at the office in via Opera Pia 11.
https://corsi.unige.it/en/corsi/10716/studenti-orario
The timetable for this course is available here: EasyAcademy
Oral exam with preparatory written test
Know-how and ability to apply methodologies and technologies developed during the course
Capability to cope with case studies with skills and competencies acquired during the course
Contact the professor for further information not included in the teaching sheet.
