Università Roma Tre

Contents:
Learning unit: Elements of economic analysis
- Consumer and producer behaviour: the problem of optimal consumer choice subject to the budget constraint, elasticity of demand
- Production decisions (short- and long-run): technology and production function, returns to scale
- Production costs: average and marginal costs; fixed and variable production costs.

Learning unit: The nature of accounting systems - management accounting
- The nature of management accounting
- The classification of costs according to their behaviour
- Full costs and their use: Direct costs and indirect costs; Comparison of direct costs and variable costs; Special costs and common costs versus direct costs and indirect costs; Cost flow diagrams; Life Cycle Costing;
- Job-order and process-based costing systems; The recognition of direct costs (labour and materials); The problem of indirect cost allocation; Cost centres; Overhead cost allocation coefficients;
- Activity-based costing: Activity Based Costing (outline)



Learning unit: The decision-making and control processes of enterprises: Methodologies for analysing investment projects
- Present value and opportunity cost of capital; The net present value rule; Valuation of long-term assets; Perpetual and annuity annuities; Compound interest and present value; Nominal and real interest rates;
- Criteria for choosing alternative investments to Net Present Value: Payback Time; Internal Rate of Return
- Investment decisions using the NPV method: Estimating cash flows and interaction between projects; Annual equivalent costs

Reference Text:
"ECONOMICS APPLIED TO ENGINEERING", EDITION 2022 - "CREATE" BOOK SPECIFIC TO THE COURSE HELD AT THE ENGINEERING DEPARTMENT, FROM THE MC GRAW HILL PUBLISHING HOUSE - AVAILABLE IN SOME COPIES AT THE "EFESTO" BOOKSTORE AND AT ONLINE BOOKSTORE SITES

THE DIGITAL VERSION CAN BE PURCHASED ON THE MCGRAW-HILL WEBSITE https://www.mheducation.com/highered/custom, SELECTING ITALY AS THE COUNTRY AND ENTERING THE ISBN CODE 9781307851151



THE TEXT IS CREATED WITH CHAPTERS FROM THE FOLLOWING BOOKS
BERNHEIM, WHINSTON, "MICROECONOMICS", 3/ED, MC GRAW HILL, 2020 - CHAPTERS 1 TO 4 and 6 TO 8 (chapters are the same if you refer to the 4th edition of 2023)

ANTHONY, HAWKINS, MACRI, MERCHANT, "CONTROL SYSTEMS" 15/ED, MAC GRAW HILL, 2021 - CHAPTERS 1 TO 5 AND 14 TO 17

IL TESTO E’ CREATO CON I CAPITOLI DEI SEGUENTI LIBRI
BERNHEIM, WHINSTON, “Microeconomia”, 3/ED, MC GRAW HILL, 2020 – CAPITOLI DA 1 A 4 e da 6 a 8 (i capitoli sono gli stessi, se si fa riferimento alla 4a edizione del 2023)

ANTHONY, HAWKINS, MACRI’, MERCHANT, “SISTEMI DI CONTROLLO” 15/ED, MAC GRAW HILL, 2021 – CAPITOLI DA 1 A 5 E DA 14 A 17