CODE 97162 ACADEMIC YEAR 2021/2022 CREDITS 6 cfu anno 3 INGEGNERIA GESTIONALE 10716 (L-9) - GENOVA SCIENTIFIC DISCIPLINARY SECTOR ING-IND/35 LANGUAGE Italian (English on demand) TEACHING LOCATION GENOVA SEMESTER 2° Semester TEACHING MATERIALS AULAWEB OVERVIEW The course presents the main operating models of a company in a competitive market in terms of technological constraints, balance sheet, and objective function with real cases as an example. AIMS AND CONTENT LEARNING OUTCOMES The course aims to provide: a basic and wide-ranging analysis of the company, its structure, its functioning and the conditions that regulate its survival and growth; a stylized representation of the company, which highlights its complexity while aiming at simplification. A compromise will be sought between the vastness of the subject and the limitation of a basic course. AIMS AND LEARNING OUTCOMES Understand and analyze, even graphically, the relationship between technology, the price of production factors and production costs for a company. Understand and analyze, also graphically, the relationship between market forms, production level and prices set by a company. Apply the theoretical concepts learned to the particular cases of the digital transition and environmental externalities. Connect the theoretical concepts learned to the example cases referring to the Ligurian context. PREREQUISITES No prerequisites TEACHING METHODS Frontal lessons SYLLABUS/CONTENT The program of the course is divided into 12 weeks, two lessons per week, with an alternation of theoretical and analytical contents and examples referring to the Ligurian context. Week Analysis and examples referring to the Ligurian context Theoretical contents 1 Database of the Chamber system - Tools of economic information and legality - Evolution of the Ligurian economic system Technology and production functions. Isoquants and returns to scale 2 The material infrastructures: - Highways - Railways - Airport - Port Input, technology, costs, and choice of factors. Cost functions and their relationships 3 Planning of Funds POR FESR Liguria 2014-2020 - Progress and reschedulling - State of preparation of the program 2021-2027 Revenue functions, profit maximization and supply function 4 Planning of POR FSE Funds L iguria 2014-2020 - Progress and reschedulling - State of preparation of the program 2021-2027 Perfect competition and equilibrium in the short and long run 5 - The intangible infrastrutture Consumer and producer surplus. Efficiency of perfectly competitive markets 6 Alternative forms of access to credit: - Financial engineering - Collective Credit Guarantee Bodies - Problems related to the risk of bank default Information asymmetries. Hidden features and adverse selection. Hidden actions and moral hazard. 7 Entrepreneurial associations: - The experience of “Centri integrati di via” and of business networks Monopoly, equilibrium and loss of efficiency . Elasticity of demand and markup 8 The “Punti di impresa digitale” of the Chamber system Increasing returns, network effects and lock- in in the digital economy. Arthur model 9 The observatory of tourism of Region Liguria Case study I: digital investments, total productivity and substitutability of production factors. International empirical evidence 10 The protection of historic centers and the enhancement of the artistic heritage and historical shops Oligopoly. Cournot , Stackelberg and Bertrand models. 11 GENOA GOURMET: A brand to promote the excellence of the territory Positive and negative externalities. Externalities and efficiency. The Coase theorem and policies to address externalities. 12 Crisis Management: - Natural disasters: floods, storm surges - Disasters caused by negligence: the collapse of Ponte Morandi - Health emergency: Covid 19 Case study II: greenhouse gas emissions as a negative production externality and economic policies to mitigate climate change. RECOMMENDED READING/BIBLIOGRAPHY Arthur B.W. (1996) Increasing returns and the new world of business. Harvard Business Review Bernheim B.D., Whinston M.D. (2018) Microeconomia. McGrawHill https://www.mheducation.it/microeconomia-3-ed-edizione-custom-bocconi-9788838694561-italy Haskel & Westlake (2017) Capitalism without Capital: The Rise of the Intangible Economy https://press.princeton.edu/books/hardcover/9780691175034/capitalism-without-capital TEACHERS AND EXAM BOARD MARCO RABERTO Ricevimento: On appointment MAURIZIO CAVIGLIA Exam Board MARCO RABERTO (President) SILVANO CINCOTTI SILVIA MASSA STEFANIA TESTA MAURIZIO CAVIGLIA (President Substitute) LESSONS LESSONS START https://corsi.unige.it/10716/p/studenti-orario Class schedule The timetable for this course is available here: Portale EasyAcademy EXAMS EXAM DESCRIPTION The exam is based on the evaluation of a short document, prepared by the student, and on an oral discussion. ASSESSMENT METHODS The document, of maximum two pages, is aimed at analyzing and linking some of the topics covered in the lessons of Prof. Caviglia. The creation of links, comparisons and synthesis will be an element of evaluation. The oral exam is characterized by two parts: discussion of the paper and interview on one of the topics covered in the lessons of Prof. Raberto. In particular, students will be asked to explain, also with the aid of graphics, one of the microeconomics topics discussed in the classroom. Ability to analyze, clarity and precision in the presentation will be elements of evaluation of this part. The discussion of the two parties must be held within the same exam session. Exam schedule Data appello Orario Luogo Degree type Note 13/01/2022 09:00 GENOVA Orale 10/02/2022 09:00 GENOVA Orale 07/06/2022 09:00 GENOVA Orale 21/06/2022 09:00 GENOVA Orale 29/06/2022 09:00 GENOVA Orale 19/07/2022 09:00 GENOVA Orale 14/09/2022 09:00 GENOVA Orale
