Learning objectives: The aim of the course is to enable students to get the basic concepts of business economics. These items are reflected in the acquisition of the concept of the company as an open system with various system, from the organizational, to the financial and managerialt operations until tothe accounting information.
Knowledge and understanding: The student will be able to get the basic concepts of the corporate economy in the threefold perspective of organization, management and accountability. The student will be able to develop analytical skills of the economic behavior of the companies and identify the determinants on the company's business plan.
Applying knowledge and understanding: The student will be able to develop analytical skills of the economic behavior of the companies, and they will be able to interpret the economic behavior of companies by interpreting the management results and organizational behavior of the company according to a systemic approach.
Making judgments: Students develop skills and critical thinking to understand the economic behavior of companies
Comunication: The student should be able to expose both the written test questions and the oral exams in a clear and complete way. The student will learn how to communicate the results of the analyzes conducted by demonstrating the use of business concepts and business language.
Lifelong learning skills: The student has to acquire the skills of learning the knowledge, the methodologies and the language necessary to deepen the subjects studied. This approach will enable the necessary integration with the knowledge gained in other courses and with those still to be acquired in the continuation of the studies.
Prerequisites: The course attendance requires basic math knowledge, normally acquired in primary and secondary school. The course topics will be dealt with by enabling them to easily understand themes and achieve a homogeneous level of knowledge, regardless of the kind of knowledge gained in secondary school.
he course introduces, in a first part, the issues of an institutional business nature related to the basic concepts of the discipline; deepens, in a second part, the activities and characteristics of the main operations and business processes; and, finally, develops the modeling necessary to represent company operations in terms of economic, financial and equity changes, flows and funds, capital and income.
The course content can be broken down into several lesson blocks, the duration of which depends on the level of preparation of the students and their familiarity with the basic concepts. On average, the course is organized as follows:
First section (24 hours):
Institutional aspects of the business economy: the object and method of the business economy, the concept of the company, the corporate finalism, the characteristics of the companies, the classification of companies, the company as a system, stakeholders and company governance.
Second section (24 hours):
Analysis of the main business processes: process of financing, sales, supply of current factors, acquisition of the labor factor, procurement of multi-year factors
Third section (24 hours):
Analysis of values: verification and control of conditions efficiency, effectiveness, economy, concepts of capital and income, economic, financial and equity equilibrium, cost measurement, breakeven point analysis, fund analysis and flows
The program provides for the study of the business economy through the systemic approach to the characteristics and structure of the various types of business. Management models, classification in distribution companies and companies, through the different declination of the management operations detection models. The legal entity with in-depth knowledge of the concept of a public and private legal entity, the economic subject and governance models. Business, group and collective economy, the economic balance of financial standing and the development of financial strength. Quantitative concepts and determinations of the effectiveness and efficiency measure. The aspects of financial management choices and the formation of the financial structure
These topics are also dealt with in the perspective of detection through the analysis of values and the study of methodologies of detection and quantitative determinations.
Course organization: The course is divided into frontal lessons and exercises. Case studies are also a useful tool to show the concepts outlined in the lesson with reference to the company's system of objectives and analysis on the organizational and management behavior.
The course is divided into frontal lessons and exercises. Case studies are also a useful tool to show the concepts outlined in the lesson with reference to the company's system of objectives and analysis on the organizational and management behavior
Accounting: What the Numbers Mean, 11/E, David Marshall, Wayne
McManus, Daniel Viele, 2016, McGraw-Hill Education.
The final exam consists of a written test, which will be divided into open, closed, and numeric questions. Following the passing of the written test it will be possible to support an optional oral test. It is also possible a final exam for only attending students.
As said, the compulsory written test consists of a part with 10 closed questions with a maximum score of 10/30, 2 numerical exercises with a maximum score of 10/30 and 10 accounting entries for a maximum score of 10/30.
Evaluation criteria and scores are determined according to the following scale:
less than 18/30 - insufficient level: the candidate does not reach any of the learning outcomes foreseen at the point "knowledge and understanding skills";
18-20 / 30 - sufficient level: the candidate reaches, in particular, the learning outcomes foreseen at the point "knowledge and understanding skills";
21-23 / 30 - level fully sufficient: the candidate reaches, in particular, the learning outcomes foreseen at the points "knowledge and understanding skills" and "knowledge and understanding skills applied";
24-26 / 30 - good level: the candidate reaches, in particular, the learning outcomes foreseen at the points "knowledge and understanding skills"; "Applied knowledge and understanding skills" and "independent judgment";
27-29 / 30 - very good level: the candidate reaches, in particular, the learning outcomes foreseen at the points "knowledge and understanding skills"; "Knowledge and understanding skills applied"; "Autonomy of judgment" and "communication skills";
30-30 cum laude - excellent level: the candidate fully achieves the learning outcomes foreseen at the points "knowledge and understanding skills"; "Knowledge and understanding skills applied"; "Autonomy of judgment"; "Communication skills" and "ability to learn".