Università Roma Tre

THE COURSE PROVIDES THE TOOLS TO FACE ECONOMIC AND BUSINESS PROBLEMS WITH UNCONSTRAINED AND CONSTRAINED OPTIMIZATION FOR FUNCTIONS IN SEVERAL VARIABLES, LINEAR PROGRAMMING PROBLEMS AND DUAL PROBLEMS, VECTORIAL PROGRAMMING, OPTIMIZATION PROBLEMS ON GRAPHS AND STANDARD STOCHASTIC PROGRAMMING PROBLEMS. THE DISCUSSION OF IMPLEMENTATION ISSUES IS CARRIED OUT IN THE COMPUTER LABORATORY.

The course complements the basic one in ‘Scienza delle Finanze’ through an in depth analysis of specific issues in Public Finance. The aim of the course is to offer the student advanced instruments for the comprehension of relevant and complex issues in Public Finance such as taxation, public expenditure, public production, public debt, public budget processes…

The course is divided in two parts. The first considers general themes in Public Finance; the second relates to the analysis of the relationships between the public sector, the economic productive structure and firms.

This course shows the evolution of civil liability related to business and analyses the position of the lawmaker with respect to development risks, seeking a balance between the needs of productivity and the protection of third parties.
In particular, links between anticipative protection and the following protection will be verified and deepened, examining civil techniques to prevent and repair harms from the perspective of economic analysis of law as well as analysing the effects of these jurisprudence techniques .
Thus, the course intends to give students an awareness of different processes that lead to different answers on the problem of the role and function of liability, not only relating to time, but also to areas of influence, with a particular emphasis on civil and common law.

The course is divided into two parts:
- a first section (6 CFU) aims at providing students with specific tools in order to: (i) assess the environmental value of business initiatives and their environmental sustainability; (ii) deal with environmental communication and environmental auditing. Specific attention will be paid to issues relating to the management of green energy, water and the waste cycle and with reference to the legal aspects relating to business environmental regulations.
- another section (3 CFU) analyses the issues relating to sustainable business by considering a dual perspective: a production-related viewpoint and a distribution-related aspect.

The course has been designed in order to provide students with a thorough education and training in the conceptual framework and analytical tools of financial decision making of firms in manufacturing and tertiary industry, in line with the most up-to-date international standards in modern finance theory and practice. The course is aimed at deepening the theory and practice of corporate finance developed during the introductory-level course of Corporate Finance. It allows students to expand, improve and advance their knowledge in the major topical areas of corporate finance such as capital budgeting, estimating cost of capital, capital structure choice, and corporate governance.

The main topics of the course are as follows:

 Advanced evaluating risk in capital budgeting: sensitivity/simulation analysis and contingency planning
 Financial options and real options for evaluating investments and firms
 Investor behavior and capital market efficiency. Multifactor models of risk
 Mergers and acquisitions (M&A)
 Determinants of capital structure: theory and empirical evidence
 Rising equity capital: IPO and SEO. The Italian stock market’s role in firms’ financing
 Dividend policy
 Corporate governance: an international comparison

THIS PROGRAM INTRODUCES YOU TO BASIC AND ADVANCED CONCEPTS AND TOOLS OF STRATEGIC MANAGEMENT. WE EXPLORE THE NOTION OF STRATEGY AND HOW IT RELATES TO COMPETITIVE ADVANTAGE. WE DISCOVER DIFFERENT STRATEGIC TOOLS TO EVALUATE ENVIRONMENTAL THREATS AND OPPORTUNITIES, INCLUDING THE INDUSTRY COMPETITIVE FORCES ANALYSIS. YOU LEARN HOW TO IDENTIFY COMPANY STRENGTHS AND WEAKNESSES AND HOW TO DEVELOP COMPETENCIES. FINALLY, WE EXPLORE A SET OF LOGICAL AND JUDGMENTAL MODELS, WHICH SHOW THE OPERATIONAL INTERRELATIONSHIPS AMONG THE RELEVANT FACTORS THAT HAVE AN IMPACT ON FIRMS’ COMPETITIVENESS AND THAT ARE OR CAN BE TRANSLATED, WHERE APPROPRIATE, INTO SPREADSHEET TEMPLATES.

THE DEBATE ABOUT ‘CORPORATE SOCIAL RESPONSIBILITY’ (CSR) HAS GROWN PARTICULARLY INTERESTING IN RECENT YEARS FOR INSTITUTIONS, CONSUMERS, LABOUR UNIONS, NGOS AND CORPORATIONS THAT INCREASINGLY BELIEVE THAT BUSINESS CAN PLAY A ROLE IN ORDER TO REALIZE AND INCREASE SOCIAL WELLBEING.
THE AIM OF THE COURSE IS TO IMPROVE PRINCIPLES AND MODELS OF CORPORATE SOCIAL RESPONSIBILITY WITH AN INTEGRATED APPROACH, TO ANALYSE IT AND ITS EFFECTS USING THREE APPROACHES: LEGAL, ECONOMIC AND BUSINESS.

THE COURSE INTRODUCES STUDENTS TO THE USE OF STATISTICAL METHODS AND DATA MINING TECHNIQUES FOR BUSINESS ANALYSIS, MARKETING, SALES, AND CUSTOMER SUPPORT.

the course provides a practical instruction in how to develop a business plan for a small business start-up or expansion. Emphasis on importance of the plan components, format, marketing and financial projections and analysis.

THE COURSE PROVIDES THE TOOLS TO FACE ECONOMIC AND BUSINESS PROBLEMS WITH UNCONSTRAINED AND CONSTRAINED OPTIMIZATION FOR FUNCTIONS IN SEVERAL VARIABLES, LINEAR PROGRAMMING PROBLEMS AND DUAL PROBLEMS, VECTORIAL PROGRAMMING, OPTIMIZATION PROBLEMS ON GRAPHS AND STANDARD STOCHASTIC PROGRAMMING PROBLEMS. THE DISCUSSION OF IMPLEMENTATION ISSUES IS CARRIED OUT IN THE COMPUTER LABORATORY.

The course complements the basic one in ‘Scienza delle Finanze’ through an in depth analysis of specific issues in Public Finance. The aim of the course is to offer the student advanced instruments for the comprehension of relevant and complex issues in Public Finance such as taxation, public expenditure, public production, public debt, public budget processes…

The course is divided in two parts. The first considers general themes in Public Finance; the second relates to the analysis of the relationships between the public sector, the economic productive structure and firms.

THIS COURSE FOCUSES ON THE ANALYSIS AND DEVELOPMENT OF THE MANAGERIAL FUNCTIONS OF PLANNING, PROGRAMMING AND CONTROL, WITHIN THE COMPANY SYSTEM.
THIS STRATEGIC APPROACH TO THE MANAGEMENT HAS BECOME PRIMARY IN EVERY COMPANY, AND THE CONNECTED CONTROL SYSTEM HAS DEVELOPED IN TERMS OF FEED-BACK AND FEED-FORWARD SYSTEMS FOR THE DECISION-MAKING PROCESS.
THE EVOLUTION OF THESE MANAGERIAL FUNCTIONS IS STRONGLY CONNECTED WITH SUITABLE TOOLS SUCH AS ACCOUNTING AND NOT-ACCOUNTING INFORMATION SYSTEMS.
THEREFORE, THIS COURSES ADDRESSES TO STUDENTS WHO ARE INTERESTED IN DEVELOPING MANAGERIAL SKILLS AND IN LEARNING THE DIFFERENT DYNAMICS AND TOOLS THAT CHARACTERIZE THE PLANNING, PROGRAMMING AND CONTROL FUNCTIONS WITHIN COMPANIES.

THE MAIN GOAL OF THE COURSE IS INTRODUCING STUDENTS TO GENERAL AND LOGICAL PRINCIPLES REFERRING TO INTERNAL CONTROL SYSTEM (ICS) WITHIN CONTEMPORARY FIRMS.
HOW TO BUILD A ICS, HOW TO IMPROVE IT, HOW TO DEVELOP IT, HOW TO CONSTANTLY AND PROFESSIONALLY AUDIT IT ARE MATTERS OF DEEPENING DURING THE LESSONS.
THESE FEATURES ARE THE MAIN ASSIGNMENT OF AN INTERNAL AUDIT FUNCTION (OR DEPARTMENT).
THE COURSE TRIES TO EXPLAIN THE PROPERLY IMPORTANT ROLE PLAYED BY IADS IN SUPPORTING BUSINESS RISKS MANAGEMENT, THROUGH THE OVERSIGHT AND AUDIT OF ICS. RECENT LAWS (231/2001 DECREE AND LAW 262/2005) FURTHERMORE HAVE INCREASED THE FORMAL IMPORTANCE OF THIS PARTICULAR FUNCTION.
DURING THE LESSONS SOME IA DIRECTORS OR MANAGERS ARE INVITED TO PROVIDE THEIR EXPERIENCE.

This course shows the evolution of civil liability related to business and analyses the position of the lawmaker with respect to development risks, seeking a balance between the needs of productivity and the protection of third parties.
In particular, links between anticipative protection and the following protection will be verified and deepened, examining civil techniques to prevent and repair harms from the perspective of economic analysis of law as well as analysing the effects of these jurisprudence techniques .
Thus, the course intends to give students an awareness of different processes that lead to different answers on the problem of the role and function of liability, not only relating to time, but also to areas of influence, with a particular emphasis on civil and common law.

THE COURSE HAS BEEN DESIGNED IN ORDER TO PROVIDE STUDENTS WITH A THOROUGH EDUCATION AND TRAINING IN THE CONCEPTUAL FRAMEWORK AND ANALYTICAL TOOLS OF FINANCIAL ANALYSIS OF FIRMS AND SECTORS IN MANUFACTURING AND TERTIARY INDUSTRY. STUDENTS WILL DEVELOP A KNOWLEDGE AND UNDERSTANDING OF:
1. FINANCIAL PERFORMANCE OF FIRMS AND STRATEGIES
2. BUSINESS AND FINANCIAL RISK
3. FIRM’S FINANCIAL NEEDS AND FLOWS OF FUNDS ANALYSIS
4. CREDIT RISK AND RATING
5. WORKING CAPITAL MANAGEMENT (TRADE CREDIT-INVENTORY-LIQUIDITY).

STUDENTS HAVE THE OPPORTUNITY TO DEVELOP THE FOLLOWING SKILLS DURING THE COURSE:
• ANALYTICAL AND RESEARCH SKILLS: SKILLS OF PROBLEM DEFINITIONS; PROBLEM-SOLVING; DATA SEARCH, COLLECTION AND ANALYSIS FOR BUSINESS PURPOSES
• QUANTITATIVE SKILLS: THE ABILITY TO MANIPULATE AND INTERROGATE QUANTITATIVE DATA IN BUSINESS CONTEXTS
• QUALITATIVE SKILLS: THE EXERCISE OF CRITICAL INTERPRETATION AND JUDGMENT, THE WEIGHING OF EVIDENCE, AND THE DEVELOPMENT OF REASONED ARGUMENT, GROUP WORKING AND PRESENTATIONAL SKILLS.

TEACHING/LEARNING METHODS AND STRATEGIES USED TO ENABLE STUDENTS TO GAIN THE ABOVE SKILLS ARE:
• LECTURES: A CAREFULLY ORGANIZED PROGRAMME OF HIGHLY INTERACTIVE LECTURES COVERING CORE MATERIAL
• PROBLEM SETS, REAL-LIFE CASE STUDIES, REAL DATA ILLUSTRATION AND ANALYSIS: TO ENCOURAGE STUDENTS TO ACQUIRE QUANTITATIVE SKILLS AND TO PROVIDE PRACTICAL EXAMPLES AND TO ALLOW STUDENTS TO APPLY THEORY INTO PRACTICE IN AN AUTHENTIC CONTEXT
• SEMINARS OF FINANCIAL ANALYSTS FROM US-MEDIOBANCA AND CERVED-CENTRALE DEI BILANCI: TO PROVIDE INFORMATION ABOUT SOME OF THE MOST WIDESPREAD FINANCIAL DATABASES
• INDIVIDUAL CONSULTATIONS WITH FACULTY: TO COMPLEMENT THE LECTURES AND ALLOW STUDENTS TO EXTEND THEIR UNDERSTANDING.

The course is divided into two parts:
- a first section (6 CFU) aims at providing students with specific tools in order to: (i) assess the environmental value of business initiatives and their environmental sustainability; (ii) deal with environmental communication and environmental auditing. Specific attention will be paid to issues relating to the management of green energy, water and the waste cycle and with reference to the legal aspects relating to business environmental regulations.
- another section (3 CFU) analyses the issues relating to sustainable business by considering a dual perspective: a production-related viewpoint and a distribution-related aspect.

The course has been designed in order to provide students with a thorough education and training in the conceptual framework and analytical tools of financial decision making of firms in manufacturing and tertiary industry, in line with the most up-to-date international standards in modern finance theory and practice. The course is aimed at deepening the theory and practice of corporate finance developed during the introductory-level course of Corporate Finance. It allows students to expand, improve and advance their knowledge in the major topical areas of corporate finance such as capital budgeting, estimating cost of capital, capital structure choice, and corporate governance.

The main topics of the course are as follows:

 Advanced evaluating risk in capital budgeting: sensitivity/simulation analysis and contingency planning
 Financial options and real options for evaluating investments and firms
 Investor behavior and capital market efficiency. Multifactor models of risk
 Mergers and acquisitions (M&A)
 Determinants of capital structure: theory and empirical evidence
 Rising equity capital: IPO and SEO. The Italian stock market’s role in firms’ financing
 Dividend policy
 Corporate governance: an international comparison

THIS COURSE WILL ANALYSE THE EFFECTS WHICH ‘CONSUMERISM’ AS A EUROPEAN MOVEMENT OF CONSUMER PROTECTION HAS PRODUCED ON OUR LEGAL SYSTEM FORM THE SUPPLY POINT OF VIEW. THE MOST NOTABLE SHIFTS WILL BE ANALYSED FROM THIS PERSPECTIVE THAT, PURSUING EFFICIENCY AND DEVELOPMENT OF THE WHOLE MARKET, AIM TO REGULATE TYPES OF ECONOMIC OPERATION (HORIZONTAL DISCIPLINE) AND SINGLE MARKET SECTORS (VERTICAL DISCIPLNE). TO THIS END IT HAS BEEN CONSIDERED NECESSARY TO FOCUS ON THE DISCIPLINE OF UNFAIR COMMERCIAL PRACTICES BETWEEN TRADERS AND CONSUMERS.

THIS PROGRAM INTRODUCES YOU TO BASIC AND ADVANCED CONCEPTS AND TOOLS OF STRATEGIC MANAGEMENT. WE EXPLORE THE NOTION OF STRATEGY AND HOW IT RELATES TO COMPETITIVE ADVANTAGE. WE DISCOVER DIFFERENT STRATEGIC TOOLS TO EVALUATE ENVIRONMENTAL THREATS AND OPPORTUNITIES, INCLUDING THE INDUSTRY COMPETITIVE FORCES ANALYSIS. YOU LEARN HOW TO IDENTIFY COMPANY STRENGTHS AND WEAKNESSES AND HOW TO DEVELOP COMPETENCIES. FINALLY, WE EXPLORE A SET OF LOGICAL AND JUDGMENTAL MODELS, WHICH SHOW THE OPERATIONAL INTERRELATIONSHIPS AMONG THE RELEVANT FACTORS THAT HAVE AN IMPACT ON FIRMS’ COMPETITIVENESS AND THAT ARE OR CAN BE TRANSLATED, WHERE APPROPRIATE, INTO SPREADSHEET TEMPLATES.

THE DEBATE ABOUT ‘CORPORATE SOCIAL RESPONSIBILITY’ (CSR) HAS GROWN PARTICULARLY INTERESTING IN RECENT YEARS FOR INSTITUTIONS, CONSUMERS, LABOUR UNIONS, NGOS AND CORPORATIONS THAT INCREASINGLY BELIEVE THAT BUSINESS CAN PLAY A ROLE IN ORDER TO REALIZE AND INCREASE SOCIAL WELLBEING.
THE AIM OF THE COURSE IS TO IMPROVE PRINCIPLES AND MODELS OF CORPORATE SOCIAL RESPONSIBILITY WITH AN INTEGRATED APPROACH, TO ANALYSE IT AND ITS EFFECTS USING THREE APPROACHES: LEGAL, ECONOMIC AND BUSINESS.

THE COURSE INTRODUCES STUDENTS TO THE USE OF STATISTICAL METHODS AND DATA MINING TECHNIQUES FOR BUSINESS ANALYSIS, MARKETING, SALES, AND CUSTOMER SUPPORT.

the course provides a practical instruction in how to develop a business plan for a small business start-up or expansion. Emphasis on importance of the plan components, format, marketing and financial projections and analysis.