Business Economics

A.Y. 2020/2021
Overall hours
Learning objectives
The educational objective of the course is to develop knowledge relating to the main business management processes; in this perspective the following topics will be covered:
1) the concept of business, legal forms of business, government, business combinations, groups of enterprises and internationalization of companies
2) Control functional areas, business processes, business planning and management
3) the management of the company from an economic and financial aspect through the study of accounting and European and international financial statements
Expected learning outcomes
The student at the end of the course will have acquired the necessary skills to be able to recognize the structure and strategies of the company, to be able to use and read a financial statements to know the processes that led to its drafting
Course syllabus and organization

Single session

Lesson period
Third trimester
If the rules established by the competent Authorities will impose a lockdown, the course will be delivered "online" using the Microsoft TEAMS application, but in synchronous mode.
Course syllabus
Part 1
The origins of business economics.
Zappa and the methodological "revolution".
Zappa and "cross fertilization".
Legal definition of company and entrepreneur (articles 2555 and 2082 cc)
Difference between company and enterprise.
Business Classification.
Amaduzzi and the long-term equilibrium.
Coase and transaction costs.
Von Bertalanffy and General Systems Theory.
Golinelli and the Vital Systemic Approach.
Schumpeter and the Innovation factor.
Stakeholder Theory: Authors for and against. Classifications.
Corporate Social Responsibility (CSR) Policy.
Elkington and the 3 Ps theory (Planet, People and Profit).
Porter's Value Chain (1985). Limits and criticisms.
Business cycles: Technical-productive, Commercial and Financial.

Monographic part: Quality as a "competitive advantage"
The origins: Radford and Shewart.
Comparison between the Western and the Japanese model.
Main Authors: Feigenbaum, Juran, Drucker, Deming, Crosby.
Parasuraman and the Focus group technique.
Fundamental principles of Quality.
The ISO 9000 and the certification process.

Part 2
Information-accounting system: Balance sheet and Budget.
Historical Excursus on Financial Reporting.
The financial statements:
Income statement (2425 cc) and balance sheet (2424 cc).
Explanatory Notes (2427 of the Civil Code) and Cash Flow Statement (2425 ter of the Civil Code).
The obligatory accounting records and the Double Entry method.
The establishment of a start-up.
The phases to compose the financial statements:
a) identify the managerial facts;
b) prepare the accounting records: purchases, sales, work, payments and collections;
c) fill in the account forms;
d) record the adjustments and settlement entries (depreciation and inventory);
e) closing of the income statement and balance sheet "mastrini";
f) determine the result for the year;
g) closing of the financial statements.

Part 3
Management accounting: fixed and variable costs
Break even point
Business decisions: Make or buy; opening / closing production departments
Balance sheet index: Roi, Roe, Ros; Liquidity ratios, Personal Turn over Index.
Prerequisites for admission
During the course some Mathematics concepts, studied during the years of the High School, in particular the percentage calculations will be useful.
Teaching methods
Frontal Lessons
For attending students there will be exercises on the accounting part, group work, analysis of business cases, as well as seminars, all compatible with the normal course of the lessons.
Teaching Resources
For the "theoretical" part: Mamoli M., Temi di economia aziendale. Idee e prime riflessioni, Cleup, Padova, 2018 [ ISBN 97888 6787 9359 ].
For the "practical" part:
Mamoli M., Introduzione alle rilevazioni aziendali. Contabilità generale e gestionale, Cleup, Padova, 2018 [ ISBN 97888 6787 8987 ];
Mamoli M., Eserciziario di Economia aziendale, Cleup, Padova, 2020
[ forthcoming ]
Assessment methods and Criteria
The exam is divided as follows:
A) a written test with 16 multiple choice questions (1 point for each correct answer, so max grade 16/30) and two "open" questions (up to 8 points for each question) chosen in a basket of 5. The questions open are intended to deepen the knowledge and understanding of the topics covered. Closed questions may include questions relating to accounting records. The exam takes place online in the IT classrooms for a total duration of approximately 45 minutes.

B) an oral test with 2 "control" questions, which can only be accessed with at least 16/30 in the written test (the outcome of the written test can be improved / worsened by up to +/- 3 points).
Detailed information is provided on the Ariel page of the course; it is advisable to consult the Ariel page the day before the test for any additional information.
N.B. In the event of a negative or unsatisfactory outcome of the test, the student can take all subsequent exams.
Lessons: 60 hours
Professor: Mamoli Massimo
Educational website(s)