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Politecnico di Torino
Academic Year 2015/16
01NMDQD
Business Economics and Organization
Master of science-level of the Bologna process in Mechanical Engineering - Torino
Teacher Status SSD Les Ex Lab Tut Years teaching
Venuti Francesco ORARIO RICEVIMENTO     53 27 0 0 10
SSD CFU Activities Area context
ING-IND/35 8 C - Affini o integrative A11
Subject fundamentals
The subject aims to provide the basics knowledge to understand the economic environment in which businesses operate, the tools used for economic assessment and to plan production activities, analytical techniques to perform economic control of industrial processes, the knowledge of the principles of industrial organization and the various forms of organizational structure.
Expected learning outcomes
Knowledge of economic basic that regulate life of companies and the external economic environment.
Knowledge of economic and financial dynamics of companies and the legal forms of contracts for the exercise of economic activities.
Knowledge of the principles of industrial organization, organizational structure, labor organization, and the key functions in the enterprise.
Knowledge of techniques and methodologies for monitoring and evaluating processes and financial results of a company.
Ability to understand the economic and financial periodic reports and synthesis.
Ability to assess the ROI of a proposed investment.
Ability to make decisions and corrective actions based on economic considerations.
Ability to link typical processes of an industrial company with its dynamics and economic and financial performance.
Ability to perform production planning based on economic considerations.
Prerequisites / Assumed knowledge
Elements of mathematical analysis.
Contents
The subject aims to provide students with the knowledge of basic economics, management and business administration and is divided into three main parts, performed in an integrated way.

The first part provides the basic elements to introduce students into economics and to understand the behaviour of companies in a market, presenting the basic concepts of micro and macroeconomics. The subject will present and discuss concepts such as consumer behaviour and customers decision in a market, the demand curve, the nature and behaviour of costs in an enterprise, short and long term decisions and the equilibrium conditions in both goods and financial markets, as well as the main forms of market (perfect competition, monopoly and oligopoly). Strategic decisions of firms will be analysed using basic elements of game theory (interaction in a strategic environment).

Starting from the elements learned about the nature and behaviour of a company in the economic system, the second part focuses leadership and organization. Organization structures and theories will be analysed both at a theoretical and a practical (case-studies) level.

The last part of the subject deals with an introduction to accounting, with some Financial Accounting and Financial Statements topics as well as Managerial Accounting (Cost accounting) and investment decision methods.
Delivery modes
The subject is lecture-based, even though a high level of interaction is expected and required. Students are asked to participate to the lectures with their own personal contribution. In the game theory part students are asked to become an active part of the lecture and to "play" simulation and games.

Students that want to analyse deeper a topic of the course may prepare an additional work (little academic paper) on one of the many topics explained in classroom lessons, applied to a real case-study. This works should contain at least the following elements:
- purpose of the paper (i.e. topic)
- essential theoretical elements
- a case study
- your personal conclusions
- references/bibliography

The additional paper must be uploaded on the course "portale" before the day of the written exam and will be graded by the teacher. It will provide the students up to 2 points in the final mark.
Texts, readings, handouts and other learning resources
The material for the subject consists of slides, readings, videos and links provided by the lecturer , available on the "portale didattica", on the Subject Page.
Assessment and grading criteria
The exam is written, with a series of multiple choices, open questions and problems.
Students that have passed the written exam (at least 18/30) may (if they want) attend an oral exam that can change (increase or decrease) the result of the written exam up to 2 points.

The final result will be a number between 18 and 30 (cum laude).
It will be determined considering:
- the mark of the written test;
- (eventually) the mark of the oral exam (not compulsory, that can increase or decrease the mark);
- (eventually) the additional mark(s) of the case study/paper/project;
- (eventually) a bonus for the class/activity participation.

Programma definitivo per l'A.A.2015/16
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