Mechanical Engineering

Knowledge and understanding The course deals with the decision making processes of firms. In particular, students are expected to learn the basic principles of • microeconomic analysis of the firm, • firm technology strategy, • economic evaluation of investment projects, • financial accounting Applying knowledge and understanding Students will be able to apply basic methods and models of microeconomics, organization theory and corporate finance in order to: • identify the determinants of firms’ strategic choices, • analyze the relationship between technological change in the industry and firms’ strategies • evaluate the profitability of investment projects • analyze the financial statement of a company Making judgements Lectures, practical exercises and problem-solving sessions will provide students with the ability to assess the main strengths and weaknesses of theoretical models when used to identify firms’strategies. Communication By the end of the course, students are able to discuss ideas, problems and solutions provided by the microeconomics of the firm and corporate finance both with a specialized and a non-specialized audience. These capabilities are tested and evaluated in the final written exam and possibly in the oral exam. Lifelong learning skills Students are expected to develop those learning skills necessary to undertake additional studies on relevant topics in microeconomics and corporate finance with a high degree of autonomy. During the course, students are encouraged to investigate further any topics of major interest, by consulting supplementary academic publications, specialized books, and internet sites. These capabilities are tested and evaluated in the final written exam and possibly in the oral exam, where students may have to discuss and solve some new problems based on the topics and material covered in class.