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Politecnico di Torino
Academic Year 2015/16
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Fundamentals of Economics
1st degree and Bachelor-level of the Bologna process in Aerospace Engineering - Torino
1st degree and Bachelor-level of the Bologna process in Mechanical Engineering - Torino
1st degree and Bachelor-level of the Bologna process in Automotive Engineering - Torino
Espandi...
Teacher Status SSD Les Ex Lab Tut Years teaching
Guelfi Silvano ORARIO RICEVIMENTO RC SECS-P/07 54 0 0 0 9
SSD CFU Activities Area context
SECS-P/07 6 D - A scelta dello studente A scelta dello studente
Subject fundamentals
The main objective of the Course of Concepts of Economics is to provide the student with a solid basic scientific knowledge of the underlying principles of the economic, financial and competitive equilibrium of the business system and of understanding the macro variables of the macroeconomic system. With this aim, the course provides students with the necessary cultural and methodological tools.
Expected learning outcomes
- Knowledge and understanding of the economic, financial and competitive equilibrium conditions of the system and the understanding of the variables guiding the macroeconomic system.
- Practical application of the acquired knowledge with relative ability to calculate the economic, financial and competitive balance of business indicators and identify possible related decision-making processes.
Prerequisites / Assumed knowledge
The Course does not require specific prior knowledge.
Contents
1. Business Economics. Nature and Objectives
2. Economic/financial equilibrium conditions of the enterprise
3. Performance indicators of economic/financial equilibrium
4. Competitive Balance of Business
5. Competitive Balance Performance Indicators
6. Strategic Balance of Business
7. Strategic Balance Performance Indicators
8. Creating Economic Value. Integrated, current, strategic, financial and operating
9. Competitive matrices and maps. Logic and technique for decision making
10. Principal investment assessment and business strategy (NPV, CVE, PBP)
11. Case histories
12. Macroeconomics. Macroeconomic variables
13. Macroeconomics. Interrelations cause the effect of macroeconomic variables
Delivery modes
The course consists of lessons and classroom exercises, as well as possible business testimonies.
Texts, readings, handouts and other learning resources
The books will be indicated by the teacher at the beginning of the course and so on for the remaining teaching material.
Assessment and grading criteria
Criteria, Rules and Procedures for Examination
The aim of the exam is to ensure knowledge of the topics listed in the Program and the ability to apply theory and methods to the solution of possible business cases. For each student, the exam is made up solely by a written part and, optionally, at the discretion of the teacher, by an oral part.

Written and oral evaluations are expressed in thirtieths. The final result is determined taking into account both the written test and the oral test.

WRITTEN: a result below 18/30 is considered insufficient.
During the writing you can not bring any type or course books to the classroom. It may be possible to use a non-programmable calculator.
The written exam is intended to ascertain the ability to solve questions and calculations (both symbolic and numeric) concerning the topics discussed in the course.

The script has an indicative duration of 75 minutes and is articulated with the following structure:
a. 6 multiple choice questions;
b. 2-3 open and theoretical and methodological questions;
c. 3 structured exercises concerning aspects of the theory discussed during the course and with a level of difficulty not exceeding the level of exercises carried out during the exercises.

ORAL: In order to gain access to the oral question, which is sustainable at the discretion of the teacher, candidates must submit a result greater or equal to 18/30. To pass the exam, the final vote, which takes into account the votes of the script and the oral, must still be greater than or equal to 18/30.
The oral examination will mainly be aimed at ensuring an adequate knowledge of the theory discussed in the course and may include the discussion of the script. As a general rule, the oral part of the exam must be supported in the exam test in which the script has passed.

Programma definitivo per l'A.A.2017/18
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