28030 - Economics and Business Organization T

Academic Year 2022/2023

  • Docente: Paolo Barbieri
  • Credits: 6
  • SSD: ING-IND/35
  • Language: Italian

Learning outcomes

At the end of the course, the student gains knowledge for understanding the fundamental economic topics, and for their application to economic optimization issues, and comparision between alternatives in problems that are of interest for engineering. Specifically, the student is capable of: •analyse a firm's balance sheet; •understand the nature of costs and their behaviour; •assess capital budgeting choices

Course contents

Module 1

Financial Accounting

  • Basic accounting concepts, techniques and company’s annual report
  • Balance sheet, income and financial statements
  • Commercial transactions: definition and their impact on company’s financial statements
  • The profit and loss account
  • Different structures and uses of balance sheet and profit and loss account.

Module 2

Management Accounting

  • Introduction to strategic cost management.
  • Different costs for different decisions: Variable costs, fixed costs, break-even point, contribution margin.
  • Direct costs, indirect costs and allocation problems.
  • Techniques for determining the full cost of products and services.
  • Short term decisions: Differential costs and revenues; full costs Vs differential costs; sunk costs

Module 3

Principles of capital budgeting

  • The concept of investment and different kinds of investments
  • Capitalization and discounting back: Elements of mathematical finance.
  • Determining the financial value of an investment: the Net Present Value technique.
  • Other techniques to evaluate investments: the Internal Rate of Return, the Pay-back , the Average Accounting Profit.


R.N. Anthony, D.F. Hawkins, D.M. Macrì, K.A. Merchant - Il Bilancio. Analisi economiche per le decisioni e la comunicazione della performance (XV ed.), McGraw-Hill, Milano. (Chapters 1,2,3,4 (only 4.1 and 4.2),5,6 (except 6.2.5, 6.2.6),7,8 (except 8.7, 8.8.2, 8.8.3, 8.12.4),9 (except 9.2.3, and sections "Stock split" and "Options and stock options from par. 9.2.6) and paragraphs 11.1,11.2,11.3 of Chapter 11)

R.N. Anthony, D.F. Hawkins, D.M. Macrì, K.A. - Merchant, Sistemi di controllo di gestione: analisi economiche per le decisioni aziendali (XV ed.), McGraw-Hill, Milano. (Chapters 1, 2, 3, 4 (except 4.1.5, 4.2.3, 4.3.4), 5 (except par. 5.4), 14 (except par. 14.5.3, 14.5.5), 15 (except par. 15.2.9, 15.2.10, 15.2.11), 16 (except pages 433-434), 17 (only par. 17.1.1, 17.1.2)

Teaching methods

Lectures, cases and exercises.

Assessment methods

Written examination will be held at the end of course. The written examination encompasses one or more cases and some multiple choices covering the entire program.

Exam dates will be fixed according to the faculty calendar and they will be communicated to students through the Almaesami service (www.almaesami.unibo.it ). Registration for participating to the written exam can be finalized exclusively through Almaesami.

Official registration of the marks must be done within the end of the Session. Participation to a new exam automatically calls off any mark (even positive mark) acquired in a previous exam.

Teaching tools

Cases' and exercises' solutions will be provided to students after the class.

Office hours

See the website of Paolo Barbieri


Quality education

This teaching activity contributes to the achievement of the Sustainable Development Goals of the UN 2030 Agenda.