ECTS
U01 - Corso di Laurea in Economia e Commercio
Economics (First Level Degree)
U02 - Corso di Laurea in Economia e Amministrazione delle Imprese
Business Administration and Economics (First Level Degree)
General Description
ECTS Institutional Co-ordinator
Prof. Achille Ghidoni
Rector's Delegate for International Relations
Università degli Studi dell'Insubria
Via J H Dunant 3 - 21100 Varese (Italy)
Phone: (++39) 0332 421533
Fax: (++39) 0332 421500
e-mail: [email protected]
ECTS Committee member for the Faculty of Economics
Prof. Anna Arcari e-mail: [email protected].it
SYLLABUSES
ACCOUNTING A, U01011 – U02011
lecturer: Giovanna Gavana e-mail: [email protected]
mandatory, lectures, 35 hours, 4th cycle, written examination, credits: 5
Course description:
Double entry book-keeping process
the basic steps involved in the debit and credit entry process
the general journal
Financial statements
the objectives of financial statements
the characteristics of the information provided in financial statements: understandability
and reliability
the underlying assumptions: going concern and accrual concept
assets, liabilities, owner’s equity: recognition and presentation in the balance sheet
revenues and expenses: recognition and presentation in the income statement
explanatory notes
Textbook recommended:
F. Superti Furga, Reddito e capitale nel bilancio di esercizio, Giuffrè, 1991
ACCOUNTING B, U01062 – U02019
lecturer: Giovanna Gavana e-mail: [email protected]
mandatory for students attending “Economics and Business Administration”, lectures,
36 hours, 2nd cycle, written examination, credits: 5
Course description:
This course is designed to discuss the law provisions concerning presentation and
contents of annual accounts of certain types of companies - in Italy: società per azioni
(companies limited by shares); società in accomandita per azioni (limited partnership
with share capital) and società a responsabilità limitata (limited liability company) - in
accordance with the co-ordination measures as provided for by the Fourth Council
Directive 78/660/EEC.
The “true and fair view” of company’s assets, liabilities, financial position and profit or
loss;
The general principles of valuation of the items shown in the annual accounts:
going concern principle
prudence concept
realisation principle
matching principle
separate valuation of the components of assets and liability items
consistency principle
Balance sheet form and items: assets, liabilities and owner’s equity
Profit and loss account form and items: revenues and expenses
Assets recognition and measurement:
tangible assets (as, for example, land and buildings, plant and equipment, tangible
assets in course of construction)
intangible assets (as, for example, expenditure carried forward, research and
development costs, patents, licences, trade marks, acquired goodwill)
investments in subsidiaries and associates
inventories
construction contracts
financial instruments
cash and receivables
Liabilities
long-term liabilities
short-term liabilities
leases
The function and the minimum contents of the notes on the accounts.
Textbook recommended:
F. Superti Furga, Il bilancio italiano secondo la normativa europea, Giuffrè, 1997
ADMINISTRATIVE LAW, U01046 – U02057
lecturer: Giorgio Grasso
e-mail: [email protected]
optional, lectures, 36 hours, 3rd cycle, oral examination, credits: 5
Course administration:
This course is designed to discuss the parts of Institutes of Public Law A relating to
administrative law. Main topics include: definition of the general principles and sources
of administrative law; the administration as administrative organisation and, in
particular, the Italian administrative organisation; the administration as administrative
activity and administrative proceedings; public interventions in economy and local
public services; the common law activity of the public administration and, more
specifically, the contractual activity; the administrative judicial system and general lines
of administrative jurisdictional proceedings.
References:
Reading materials will be made available during lessons. Students are also required to
attend seminars on topical practical cases; the related assessment will be included in the
final result. For further information see the Web page:
http://eco.uninsubria.it/Webdocenti/ggrasso/Casi%20pratici%20di%20diritto%20ammi
nistrativo.htm
Textbooks recommended:
E. Casetta, Compendio di diritto amministrativo, Milano, Giuffrè, 2001.
D. Sorace, Diritto delle amministrazioni pubbliche. Una introduzione, Bologna, Il
Mulino, 2002.
ADVANCED STATISTICS, U01043 – U02043
lecturer: Antonietta Mira
e-mail: [email protected]
mandatory, lectures, 36 hours, 3rd cycle, written/oral examination, credits: 5
Course description:
Statistical inference: maximum likelihood estimation. T-test for paired data. Nonparametric Wilcoxson signed-rank test. Chi-square test. ANOVA.
Main topics:
Generalized linear models: logit and probit models.
Multivariate statistics: factor analysis, cluster analysis, principal components.
Sampling theory.
Textbooks recommended:
D. Piccolo, Statistica, Il Mulino, Bologna, 2000
D. Freedman, R. Pisani, R. Purves, Statistica, McGraw-Hill Italia, 1998
S. ZANI, Analisi dei dati statistici, vol. I e II, Giuffre Editore, Milano, 2000
Specific references for generalized linear models:
McCullagh e Nelder, Generalized linear models, 2. ed. - Chapman and Hall, 1989,
London
A. Dobson, An introduction to generalized linear models,London: Chapman and Hall,
1990, London
Specific references for multivariate statistics:
L. Fabbris, Statistica multivariata - Analisi esplorativa dei dati,
McGraw-Hill, Milano, 1997
S. Bolasco, Analisi Multidimensionale dei Dati, NIS, 1999
Specific references for sampling theory:
Cicchitelli, Herzel, Montanari, Il campionamento statistico, Il Mulino, 1992, Bologna
Diana, Salvan, Campionamento da popolazioni finite, Cleup, 1987, Padova
NOTE: Specific references in English will be provided upon request.
APPLIED MICROECONOMICS (MICROECONOMETRICS), U01010 –
U02010
lecturer: Paolo Paruolo e-mail: [email protected]
Course web page:
http://eco.uninsubria.it/webdocenti/pparuolo/didattica/Pagina_Microeconomia_Applicat
a/home_ma.htm
mandatory, lectures, 36 hours, 4th cycle, written test, credits: 5
Main topics:
The linear regression model.
Linear specification and transformation of variables.
Least squares and their properties; forecasting.
Effects of invalidity of some of the assumptions of the linear model.
Heteroskedasticity and autocorrelation.
Dummy variables
Tests of structural change.
The estimation of a demand function.
Textbooks recommended:
Johnston J. (1993) Econometrica, 3a ed. Franco Angeli, 1993, capitoli 2, 4, 5, 6.1-6.4.
References:
Deaton A. & J. Muellbauer (1980) Economics and consumer behavior, Cambridge,
Cambridge University Press.
Gardini A. et Al. (2000) Econometria, vol. I, II, Franco Angeli editore.
Pollak R.A. & T. J. Wales (1992) Demand system specification and estimation, Oxford,
Oxford University Press.
Lecture notes on the course web page.
BASIC COMPUTER SCIENCE A, U01003 – U02003 and B U01016 – U02016
lecturer: Accursio Giordano e-mail: [email protected]
mandatory, lectures and exercise, 36 hours, 2nd and 4th cycle, practical tests, credits: 2+2
Course description:
This course is designed to provide students with the basic knowledge and skills required
in order to use information science tools for study and work purposes. The course is
available twice a year, and has a duration of 36 hours. It usually takes place during the
second and fourth term cycles.The three-hour lessons are usually held in the afternoon,
twice a week, and are combined with practical lab work. During the first six hours, the
Course is focussed on general topics relating to the knowledge and use of basic
hardware, network and navigation.
The remaining 30 hours are devoted to the main application programmes relating to
word processing, data processing by means of the electronic sheet, presentation.
Main topics:
GENERALS
Hardware
Desktop and its functions
Folders and files: creation and management
Networks: local networks and Internet.
Connection protocols (TCP/IP), Internet navigation, management and configuration of
an E-mail client.
WORD PROCESSING
Control bars and start menu
Document creation
Navigation inside a document
Text construction, modification and formatting
Tabulations, headings, notes
Text styles: use, construction, change, application
Pointed and numbered lists
Tables: creation, modification, application, ordering, use of formulas in a table
Insertion of images
Insertion of graphs
Insertion of hypertext
ELECTRONIC SHEET
Control bars and start menu
Folders, run sheets, graphic sheets: creation and management
Lines, columns, cells: management and modification
Run sheet cells: contents and formats (numbers and texts)
Data and formulas: management and modification
Graphs: types, creation, management, modification, trend line
construction
Insertion and modification of images and "objects"
PRESENTATIONS
Control bars and start menu
Construction of a presentation
Types of slides
Presentation structure: organisation (layout), management, modification
Presentation scrolling
Text and image insertion
Tables and graphs: construction and modification
Insertion of Excel sheets and Word tables
Sound and animation effects in a presentation
Showing a presentation.
No textbook recommended
BUSINESS ECONOMY, U01002 – U02002
lecturer: Gianluca Colombo e- mail: [email protected]
mandatory, lectures, 60 hours, 1st cycle, written/oral examination, credits: 9
Course description:
This course is an introduction to the wide range of business-related courses offered by
the faculty, and covers some basic topics which will be dealt with in detail in
subsequent courses, as well as some fundamentals which will no longer be discussed in
the frame of subsequent courses.
Main topics:
introduction: the concept of business, institute; business-environment; operating
principles of the main types of businesses (family, production and public business);
management: economic transactions, processes and economic combinations; cost
analysis; operating and strategic management; audit: income and operating capital;
principles of operating income determination; various capital configurations and related
assessment criteria; financial and monetary dynamics; organisation: general principles;
organisation structures.
Textbook recommended:
Airoldi-Brunetti-Coda, Economia aziendale, il Mulino, 1994
G. Colombo, Gestione strategica e organizzazione aziendale,
ISDAF, 1991
Di Martino-Parolini, Scelte di economia aziendale, il Mulino, 1998
Daniela Montemerlo (ed.), Economia aziendale. Casi, Egea. A.A. 2001-2002
COMMERCIAL LAW A, U01014 – U02014
lecturer: Sergio Patriarca
e-mail: [email protected]
mandatory, lectures, 36 hours, 3rd cycle, written or oral examination, credits: 5
Course description:
This course is designed to discuss the deed of partnership and the legislation concerning
partnerships. The principles of the forthcoming reform of the legislation concerning
private joint-stock companies, with special reference to “società a responsabilità
limitata” (limited liability company) are also discussed.
No textbooks recommended
COMMERCIAL LAW B, U01044 – U02044
lecturer: Sergio Patriarca
e-mail: [email protected]
optional, lectures, 36 hours, 3rd cycle, written or oral examination, credits: 5
Course description:
The principles and the legislation of “società per azioni” (joint-stock companies limited
by shares), after the reform of the law governing private companies are discussed.
No textbooks recommended
COMPANY AND CONSUMER THEORY, U01013 – U02058
lecturer: Laura Pagani e-mail: [email protected]
mandatory, lectures, 35hours, 4th cycle, written examination, credits: 5
Main Topics:
Monopoly and monopolistic behaviour
Market power and welfare
Oligopoly and strategic behaviour
Introduction to game theory
Collusion and repeated oligopoly games
Product differentiation
Predatory practices
Horizontal mergers
Textbooks recommended:
H. V. Varian, Microeconomia, Cafoscarina, 1998
Luis Cabral, Economia Industriale, Carocci, 2002.
COMPARED FINANCIAL SYSTEMS, U0A033 – UA0043
lecturer: René Chopard e-mail : [email protected]
optional, lectures, 36 hours, 3rd cycle, oral examination, credits: 5
Course description:
The course is subdivided into two parts. In the first part, methodological tools are
reviewed in order to highlight the transformation of banking structures and financial
markets in the last decade; the most important theoretical elements are discussed in
order to explain the morphology of banking systems. In the second part of the course,
with the support of the aforementioned methodological and theoretical instruments, the
structure, market and context of the Swiss financial market and of its banking system
are thoroughly analysed.
Textbook recommended:
R. Chopard, Il sistema bancario ticinese e la piazza finanziaria svizzera.
Caratteristiche, evoluzione, prospettive nel contesto europeo ed internazionale,
Bellinzona, 1992
CORPORATE FINANCE A, U01026 – U02026
lecturer: Paolo Ghiringhelli e-mail: [email protected]
mandatory, lectures, 35 hours, 2nd cycle, written test, credits: 5
Main topics:
Part 1: Value and capital budgeting
How to value bonds and stocks
Investment rules (NPV, IRR, payback period)
Part 2: Risk
Portfolio theory
CAPM
CAPM and capital budgeting
Part 3: Financial policy
Capital structure (Modigliani-Miller model and cost of financial distress)
Dividend policy
Options and corporate finance
Long-term financing
Textbook recommended:
Ross, Westerfield, Jaffe, Corporate finance, Irwin
CORPORATE AND INVESTMENT BANKING, U02048
lecturer: Cristiana Maria Schena e-mail: [email protected]
optional, lectures and seminars, 36 hours, 2nd cycle, written examination, credits: 5
Course description:
This course is designed to provide a broad overview of fund sources for companies. The
various topics will be reviewed in the economic perspective of entrepreneurs in order to
specifically highlight available solutions for small and medium-sized enterprises
(SMEs).
Main topics:
credit contracts and banking services;
financial advisory services;
institutional investor’s activity in risk capital (venture capital and private equity
activities);
structured finance
The final section of the course reviews the solutions supplied by banks to failing firms.
Textbook recommended:
Papers and textbooks recommended during the course.
CORPORATE STRATEGY AND POLICY, U01052 – U02052
lecturer: Gianluca Colombo e- mail: [email protected]
optional, lectures, 36 hours, 2nd cycle, oral examination, credits: 5
Course description:
This course is designed as a synthesis of students' functional studies at the Faculty of
Economics.
The approach is based on actual problems, and has an interfunctional character.
Students are required to attend lectures during which they will be asked to actively
contribute to problem discussion, and to participate in business case studies. This course
includes three modules, which are mandatory. The advanced study module may be
chosen between two alternatives.
Main topics:
Introduction module: the concept of strategy; processes of strategic management; the
entrepreneurial formula.
Module on strategies at business level: analysis of the competition system; strategic
diagnosis; the dynamics of competition.
Advanced study module:
The strategies of small and medium-sized enterprises
Entrapreneurship and business plan
Textbooks recommended:
Giorgio Pellicelli, Strategia D'Impresa, UBE (Università Bocconi Editori), Milano,
2002
Material and cases to download from the site:
http://coursesites.blackboard.com, click on Login
User ID: insubria
Password: generic
COST AND MANAGERIAL ACCOUNTING part A (Cost Accounting System),
U01051 – U02051
lecturer: Anna Maria Arcari e-mail: [email protected]
mandatory, lectures, 35 hours, 1st cycle, written/oral examination, credits:5
Main topics:
The role of Cost Accounting
The elements of cost and their relationship
Understanding cost behaviour: handling indirect costs; computing the cost of unused
capacity, etc..
Job Order Cost Accounting System (JOCAS)
Process Cost Accounting System (PCAS)
Standard Cost Accounting System (SCAS)
Analysis of Variances
Service Costing
New concepts and methodologies: Activity Based Costing (ABC)
COST AND MANAGERIAL ACCOUNTING part B (Managerial Cost
Accounting and Management Control System), U01061 – U02024
lecturer: Anna Maria Arcari e-mail: [email protected]
mandatory, lectures, 35 hours, 2nd cycle, written/oral examination, credits:5
Main topics:
New concepts and methodologies: Activity Based Management (ABM)
Cost information and business problem: the relevant cost
The Management Control Process: budget preparation
The Management Control Environment: Responsibility Centers – Revenue and Expense
Center
Profit Center
Transfer Pricing
Investiment Center
Textbooks recommended(for both part A and B):
Compulsory reading:
John G. Burch, “Cost and Management Accounting: A Modern Approach”, 1994,
West Educationa Publishig - A Division of International Thomson Publishig Inc.
Edizione italiana: Contabilità Direzionale e Controllo di Gestione – ed EGEA –
Milano, 2000.
Other references:
H.T. Johnson and Robert S. Kaplan, Relevance Lost: The Rise and Fall of Management
Accounting, Harvard Business School Press, 1987
Robert S. Kaplan and Robin Cooper, The Design of Cost Management System. Text,
Cases and Readings, Prentice-Hall International, 1991
R.N. Antony, J. Dearden, V. Govindarajan, Management Control System, IRWIN, 1992
DECISION THEORY – U01036
lecturer: Enrico Miglierina e-mail: [email protected]
optional, lectures, 36 hours, 4th cycle, oral examination, credits: 5
Course description:
Introduction
Part I
Preference relations; ordinal utility.
Part II
Von Neumann-Morgenstern Expected Utility
Some problems relating to this theory (Allais Ellsberg paradoxes, etc.).
Recent developments of utility theory (Rank Dependent Utility, Anscombe – Aumann
model, Schmeidler’s model).
Savage’s theory of choice under uncertainty.
Textbook recommended:
D.M. Kreps, Theory of Choice, Westview Press, 1988. Further references will be given
during the lectures.
ECONOMIC FORECASTING TECHNIQUES, U01028 – U02028
lecturer: Paolo Paruolo e-mail: [email protected]
Course web page:
http://eco.uninsubria.it/webdocenti/pparuolo/didattica/Pagina_Microeconomia_Applicat
a/home_ma.htm
mandatory, lectures, 36 hours, 2nd cycle, written test, credits: 5
Course description:
This course is designed to review point forecasts and interval forecasts, forecast errors
and loss function. Forecasting with little information: moving averages, exponential
moving averages. Trend – cycle – seasonal decomposition. Estimation of a regression
equation based on deterministic regressors. Forecasting. Statistical analysis of time
series: definition of stochastic process, stationarity, invertibility, autocorrelation.
Correlogram and partial autocorrelation function. ARMA processes. Identification,
estimation and testing. Non stationary processes: ARIMA. Unit root tests. Forecasting.
Textbooks recommended:
Johnston J., Econometrica, 3a ed. Franco Angeli, 1993.
Gardini A. et al., Econometria, Franco Angeli, 2000.
Pallini A., Paruolo P., Zuppiroli A., Primi esercizi di statistica, Giappichelli editore,
1999, capitoli 1 e 4.
Predetti A., I numeri indici. Teoria e pratica, Giuffrè, Milano, 1996.
Piccolo D., Introduzione all’analisi delle serie storiche, La Nuova Italia Scientifica,
Roma, 1990.
Guizzardi A., La previsione economica, Guaraldi Rimini 2001.
ECONOMIC HISTORY, U01050
lecturer: Luisa Piccinno
e-mail: [email protected]
optional, 35 hours, lectures, 3rd cycle, written/oral examination, credits: 5
Main topics:
Part 1: The European economic development from Modern to Contemporary Age
An integrated economic system: Europe in the XV century
European expansion in the XVI century
Economic growth and enterprise development in the XVIII century
European economic development from 1815 to 1914
Changes and prosperity in the XX century (1914 – 2000)
Part 2: History of the economic development in the Varese, Como, Milan and Canton
Ticino regions
Textbooks recommended:
Dall’espansione allo sviluppo: Una storia economica d’Europa, edited by P. Massa, G.
Bracco, A. Guenzi, J.A. Davis, G.L. Fontana, A. Carreras, coordinator A. Di Vittorio,
Torino, Giappichelli (in course of printing).
A. Colli, Legami di ferro. Storia del distretto metallurgico e meccanico lecchese tra
Otto e Novecento, Catanzaro, Meridiana Libri, 1999, pp. 186 (distributed by Donzelli,
Rome).
ECONOMICS AND MANAGEMENT OF BUSINESS INNOVATION, U01056 –
U02013
lecturer: Alberto Onetti e-mail: [email protected]
optional, lectures, 36 hours, 1st cycle, written/oral examination, credits : 5
Course description :
A) BUSINESS MODELS FROM OLD TO NEW ECONOMY
- The Fordist business: production, organisation and technological paradigm
- The post-Fordist business: production, organisation and technological paradigm
- Competitive advantages in the post-Fordist model. Distinctive competition and
outsourcing
- Types of outsourcing. Advantages and disadvantages of outsourcing
- From outsourcing to strategic partnerships
- Business networks
B) INNOVATION MANAGEMENT
1) Basic concepts
- Radical and incremental innovation
- Technology push and market pull-based approach
- Sustaining and disruptive innovation
- Competition in the innovative cycle: the entrant-incumbent model, the attacker's
advantage
2) Organisation, management and assessment of the innovative activity in businesses
- The innovative business: characteristics
- Innovation and business size
- Innovation in the value chain
- Valorisation of innovation activity
- Supply chain management
3) Construction of a Business Plan
- Description of the business plan
- Business definition
- Market analysis
- Business structure definition
- Economic-financial planning
4) Innovation Finance
- Innovation and finance
- BIC, Business Angels, Venture Capital, Closed Funds
- Markets supporting business growth
- Innovation and university spin-off
C) E-BUSINESS MANAGEMENT
- E-business and e-commerce
- Business-to-business and business-to-consumer characteristics
- The new intermediaries of the electronic commerce.
Textbooks recommended:
Onetti A., Il "nodo" strategia-struttura nel governo d'impresa, Working Paper, Facoltà
di Economia, Università dell'Insubria, n. 10, 2002
Zucchella A., Management dell'innovazione e management internazionale: quali
convergenze?, Working Paper, Facoltà di Economia, Università dell'Insubria, n. 15,
2001
Lipparini A. - Lorenzoni G., Imprenditori e imprese. Idee, piani, processi, Il Mulino,
2000.
Fratocchi L., Il centro di eccellenza: considerazioni teoriche ed
evidenze empiriche, Lorenzoni G. (ed.), Architetture reticolari e processi di
internazionalizzazione, Il Mulino, Bologna, 1997.
Garrone P., Mariotti S., L'economia digitale, Bologna, Il Mulino, 2001 (pages 7-69).
Malerba F.(ed.), Economia dell'Innovazione, Roma, Carocci, 2000 (chapters 1-2-3-4-56-7-13-15-16)
ECONOMICS AND MANAGEMENT OF COMPANIES A, U01032 – U02032
lecturer: Enrico Cotta Ramusino
e-mail: [email protected]
mandatory, lectures, 36 hours, 3rd cycle, written/oral examination, credits: 5
Main topics:
Models of capitalism and companies’ behaviour;
the Anglosaxon model vs the German/Japanese model
the Italian model
companies’ objectives; the company and its stakeholders;
globalization and value creation.
elements of business strategy:
introductory concepts about strategy;
business analysis (customers’ behaviour, competitors, general environment etc.)
internal analysis of resources and competence
positioning decisions and the formulation of business strategy
Textbooks recommended:
R. M. GRANT, L’analisi strategica per le decisioni aziendali, Il Mulino, Bologna,
1999; chap. 1, 2, 3, 4.
E. COTTA RAMUSINO, Imprese e industria finanziaria nel processo di
globalizzazione, Giuffrè, Milano ,1998; cap. 1 e 2.
L. GUATRI, S. VICARI, Sistemi d’impresa e capitalismi a confronto, Egea, Milano,
1994; chap. 1 and 2.
ECONOMICS AND MANAGEMENT OF COMPANIES B, U01045 – U02045
lecturer: Enrico Cotta Ramusino
e-mail: [email protected]
optional, lectures, 36 hours, 4th cycle, written/oral examination, credits: 5
Main topics:
1)Elements of corporate strategy:
The reasons for diversification
How to diversify and what business to enter
Basic rules for diversification, product life cycle
Empirical evidence of diversification success
2)Models of Companies:
The large vertically integrated company
Small companies’ ability to compete
Strength and weakness of small companies: districts and networks
3)The relationships between companies and the financial system
general introduction
the Italian situation with specific reference to small companies
Textbook recommended:
R. M. Grant, L’analisi strategica per le decisioni aziendali, Il Mulino, Bologna, 1999;
chapters
E. Cotta Ramusino, Imprese e industria finanziaria nel processo di globalizzazione,
Giuffrè, Milano ,1998
ECONOMICS AND MANAGEMENT OF INTERNATIONAL ENTERPRISES,
U01042 – U02042
lecturer: Alberto Onetti e-mail: [email protected]
optional, lectures, 36 hours, 3rd cycle, written/oral examination, credits : 5
Main topics :
A) DEFINITION OF INTERNATIONAL ENTERPRISES AND MAIN
INTERNATIONALISATION METHODS
- Active and passive internationalisation:
- Main internationalisation methods: exports, direct investments and new forms
- Evolution of internationalisation: flows and evolution of direct investments abroad
- Purposes: market seeking, resources and efficiency seeking, strategic assets seeking
B) INTERNATIONALISATION THEORIES
- The model of the product life cycle
- Theory of monopolistic advantages and of market imperfections
- The transaction cost approach
- The eclectic theory
- The Swedish school model
C)
-
ORGANISATION ARCHITECTURE OF INTERNATIONAL ENTERPRISES
The multinational model
The international model
The global model
Reticular architectures: the transnational model and the Scandinavian model
D) SMALL AND MEDIUM-SIZED ENTERPRISES And
INTERNATIONALISAZION
- Problems and obstacles
- Sequential path
-
Serial path
Global niche strategies
District internationalisation
E) FINANCE IN INTERNATIONAL ENTERPRISES
- Financial risks relating to international operations
- Provision of capital on international financial markets: debt capital and risk capital
Textbook recommended:
Zucchella A. - Maccarini M., I nuovi percorsi di internazionalizzazione. Le strategie
delle piccole e medie imprese italiane, Giuffrè, Milano, 1999;
Majocchi A., Economia e strategia dei processi di internazionalizzazione, Giuffrè,
Milano, 1997;
Majocchi A. - Onetti A., Le PMI italiane in Romania. I risultati sulle strategie delle
imprese italiane nei distretti industriali romeni, in Velo D. - Majocchi A. (ed.),
L'internazionalizzazione delle piccole e medie imprese nell'Europa centro Orientale,
Giuffré Editore, Milano, 2002;
Fratocchi L., L'architettura per l'indagine degli assetti reticolari alla scala internazionale,
in Lorenzoni G. (ed.), Architetture reticolari e processi di internazionalizzazione, Il
Mulino, Bologna, 1997.
Caroli M.G. - Fratocchi L., Nuove tendenze nelle strategie di internazionalizzazione
delle imprese, Franco Angeli, Milano, 2000;
Caroli M.G., Globalizzazione e localizzazione dell'impresa internazionalizzata, Franco
Angeli, Milano, 2000.
ECONOMICS OF THE SECURY MARKET, U01031 – U02031
lecturer: Cristiana Maria Schena e-mail: [email protected]
mandatory, lectures and seminars, 36 hours, 3rd cycle, written examination,
credits: 5
Course description:
This course is designed to enable students to acquire the basic knowledge required in
order to operate on the market of financial instruments. To this end, this course is
mainly focussed on the theoretical, institutional and operating features of the market of
financial instruments and of intermediaries specialising in the supply of investment
services. Students should already have acquired some knowledge of the fundamentals of
financial intermediation (Financial Intermediaries A)as well as of Financial
Mathematics.
Main topics:
1. Functions of the security market.
2. Primary and secondary security market: main forms of organisation.
3. Security market regulations and impact on market organisation structure. Security
market control criteria and bodies.
4. Taxonomy, economic functions and technical characteristics of financial instruments:
a) debit instruments;
b) capital instruments;
c) derivative instruments.
5. Assessment of financial instruments: yield, life and duration. Assessment of shares.
6. Classification of Italian open markets. Organisation and operating structure of the
main Italian official markets: trading methods; settlement and guarantee systems.
7. Security trading:
7.1. services of security trading:
a) intervention of intermediaries in primary market transactions: share
capital increases, security placement, public offers of shares;
b) trading services supplied through traditional and alternative trading
systems;
c) consulting and security investment management: individual and
collective management of assets;
7.2. access modes, behaviour rules and operating characteristics of financial
intermediaries and institutional investors.
8. Analysis of data relating to the Italian security industry: demand and supply of
securities; trading of listed securities; companies’ call on the market of capitals;
evolution of managed assets.
This course includes lectures, practical work as well as seminars by university
professors and market operators. Practical team work will be presented and discussed in
the classroom, will be assessed by the lecturer, and will be taken into consideration for
the definition of the final examination result.
Textbook recommended:
BANFI A. (a cura di), I mercati e gli strumenti finanziari. Disciplina e organizzazione
della borsa, Utet-Isedi, Torino, 2001, chapters: 1, 3, 5, 6, 7, 8, 9, 10, 11, 13, 14, 15.
ANOLLI M., Elementi di economia del mercato mobiliare. Struttura e liquidità del
mercato azionario, Il Mulino, Bologna, 2001, chapters 1, 4.
Note:During lessons, practical work and seminars, further reading material may be
made available to students.
The lecturer will provide indications on the utilisation of texts and on possible
additional texts useful for examination purposes, either during lessons or by means of
notices.
ENGLISH, U01017 – U02017
lecturer: Maria Teresa Fabbro e-mail: [email protected]
mandatory, self-access multi-media lab, recommended 4 hours/week, first and second
semester, computerised test, credits: 8
Course description:
Self-access multi-media courses from beginner to advanced level.Students’ facilities
include a self-access multi-media lab, which is fully equipped with the latest audiovisual aids (interactive multi-media courses, videos, cassettes, TV).
All students are required to take an entrance test. The duration of the course may vary
according to individual student’s skills. Students are required to reach the B2
(Independent User) level according to the Common European Framework of Reference.
Exams are fully computerised.
No textbooks recommended
EUROPEAN UNION LAW A, U01037 – U02056
lecturer: Vincenzo Salvatore e-mail: [email protected]
mandatory, lectures and seminars, 36 hours, 1st cycle, oral examination, credits: 5
Course description:
This course is designed to present the institutional aspects of the Community legal
system.
Main topics:
- Origins and evolution of the European Communities (from the Rome Treaty to the
Nice Treaty);
- Institutions of the European Union and Communities;
- Regulations issued by Community institutions;
- Relations between the European Union and Communities' law and the law systems of
member States;
- The economic and monetary Union and the introduction of the Euro;
- Free circulation of goods, persons and services;
- External relations;
- Competition regulations;
- The 2000 Intergovernmental Conference and the Treaty revision perspectives.
Textbook recommended:
F. Pocar, Diritto dell'Unione e delle Comunità Europee, Milano, Giuffrè, last edition
L. Daniele, Il diritto materiale della Comunità Europea, Milano,
Giuffrè, last edition (Only chapters I, II, III, IV, V, VI, XII and XIII).
Students are required to have a sound knowledge of the treaties instituting the European
Community and Union.
The text of the treaties may be found in a large number of publications; the following is
suggested:
F. Pocar, Norme fondamentali dell'Unione e della Comunità europea, X ed., Milano,
2002
EUROPEAN UNION LAW B, U01037 – U02056
lecturer: Vincenzo Salvatore e-mail: [email protected]
optional, lectures and seminars, 36 hours, 2nd cycle, oral examination, credits: 5
Course description:
Jean Monnet European Module
This cycle of lectures is partially financed by the European Community in the frame of
the Jean Monnet action. The module includes a monographic seminar during which
Community procedures relating to the award of public contracts will be discussed.
Lectures will be given by University professors, public administrators and sector
operators invited to discuss specific aspects of the regulations, according to a schedule
to be defined and published before the beginning of lessons.
Attendance is recommended to students having already followed the lectures of the
general part of the course.
The bibliography will be provided before the beginning of the course, and will be shown
on the notice board.
FINANCIAL ECONOMETRICS, U01023 – U02023
lecturer: Paolo Paruolo e-mail: [email protected]
Course web page:
http://eco.uninsubria.it/webdocenti/pparuolo/didattica/Pagina_Microeconomia_Applicat
a/home_ma.htm
mandatory, lectures, 36 hours, 3rd cycle, written test, credits: 5
Main topics:
The nature of financial time series: stock indices, interest rates, exchange rates, options
and derivatives. Data Sources and index numbers.
The notion of cointegration: short, medium long run. Test on the cointegration rank and
on the adjustment coefficient. Common trends.
Heteroskedastic processes: GARCH. Stability and forecasting. Estimation and testing
of univariate GARCH.
The coordinator will recommend textbooks during classes.
References:
Gardini A. et Al. (2000) Econometria, vol. I, II, Franco Angeli editore.
Pastorello S. (2001) Rischio e rendimento – teoria finanziaria e applicazioni
econometriche, Il Mulino
Gallo G.P., B. Pacini (2002) Metodi quantitativi per i mercati finanziari, Carocci
Editore
FINANCIAL INTERMEDIARIES A, U01015 – U02015
lecturer: Rossella Locatelli e-mail: [email protected]
mandatory, lectures and seminars, 35 hours, 2nd cycle, written examination, credits: 5
Course description:
This course provides basic knowledge on financial markets and intermediaries. It is
mainly focused on the description of the Financial Service Industry, with particular
attention to the financial intermediaries’ special functions, and to the related benefits for
today’s economy.
This course is specifically focused on the special role of banks and insurance companies
(assets transformer intermediaries) versus broker intermediaries’ role. Banks and
insurance companies operations in these markets are also reviewed.
Bank regulations are discussed in the context of recent international harmonisation
initiatives.
Textbooks recommended:
M. Anolli, R. Locatelli (2001), Le operazioni finanziarie. Strumenti finanziari e
contratti assicurativi, Il Mulino, Bologna
M. Borroni, M. Oriani (2002), Le operazioni bancarie, Il Mulino, Bologna
R. Locatelli (1995), Rischio e intermediazione nelle banche e negli assicuratori, Il
Mulino, Bologna
M. Onado (2000), Mercati e intermediari finanziari. Economia e regolamentazione, Il
Mulino, Bologna
FINANCIAL INTERMEDIARIES B, U01063 – U02046
lecturer: Rossella Locatelli e-mail: [email protected]
mandatory, lectures and seminars, 35 hours, 3rd cycle, written examination, credits: 5
Course description:
This course provides basic knowledge on the management of banks. Risks encountered
in banking activity and the means to control such risks are specifically discussed. Risk
management plays an increasingly important role in view of the fact that bank managers
should always aim at maximising the value of the bank.
Balance sheets and recent trends as well as traditional areas of activity such as funding,
lending and the provision of services are equally discussed.
Textbooks recommended:
R. Locatelli (2000), Redditività e creazione di valore nelle banche, Il Mulino, Bologna
R. Locatelli (1995), Rischio e intermediazione nelle banche e negli assicuratori, Il
Mulino, Bologna
M. Onado (2000), Mercati e intermediari finanziari. Economia e regolamentazione, Il
Mulino, Bologna
FINANCIAL MATHEMATICS A, U01020 – U02020
lecturer: Giovanna Redaelli e-mail: [email protected]
mandatory, lectures, 36 hours, 2nd cycle, written test, credits: 5
Course description:
Discounting and compounding laws; net present value (NPV), adjusted present value
(APV), generalized adjusted present value (GAPV), internal rate of return (IRR),
weighted average cost of capital (WACC); the term structure of interest rates; the
arbitrage principle; duration and immunization. Annuities, loan amortization methods;
financial leasing; mortgage and bond loans. Functions of several variables: continuity,
derivability and differentiability for functions from Rn to R; free and constrained
optimization.
Textbook recommended:
E. Castagnoli, L. Peccati, Matematica in Azienda, EGEA.
FINANCIAL MATHEMATICS B, U01021 – U02038
lecturer: Giovanna Redaelli e-mail: [email protected]
mandatory, lectures, 36 hours, 3rd cycle, written test, credits: 5
Main topics:
Theory of financial decision making:
Stochastic dominance and mean variance criterion;
Utility theory;
Mean-variance portfolio analysis;
Capital Asset Pricing Model (CAPM).
Assets pricing:
discrete one period model;
risk neutral valuation;
the pricing of derivative assets.
Mathematical methods for financial decision making:
Constrained optimization;
Ordinary differential equations.
Textbooks recommended:
F. Cacciafesta, Lezioni di Matematica Finanziaria e moderna, Giappichelli Editore
E. Castagnoli, L. Peccati, Matematica in Azienda: Strumenti e modelli, EGEA.
Lecture notes
INDUSTRIAL ECONOMICS, U01038 – U02060
lecturer: Fabio Montobbio e-mail: [email protected]
mandatory, lectures, 35hours, 2nd cycle, written test, credits: 5
Course Description:
This course is designed as an introduction to Industrial Economics and Economics of
Innovation. In particular, it reviews theories about the enterprise, the analysis of market
structures and processes of technical change.
Main Topics:
1. Introduction: concepts and definitions. A review of some microeconomic tools.
2. Theory and objectives of the company. The boundaries of the company. Separation
between ownership and control.
3. Cost functions, economies of scale and scope. Transaction costs.
4. Why do companies differ? Stylised facts and interpretations.
5. The technological determinants of business and industry structure.
6. Industrial concentration: determinants, effects and measures.
7. Industrial economics and International Trade.
8. Economiy of Innovation: definitions and key concepts.
9. R&D choices.
10. Patent economics and the strategic use of patenting activity
11. The empirical relationship between innovation and market structures.
12. Diffusion and adoption of new technologies.
13. Competing technologies and network externalities.
Textbooks, reviews and articles will be recommended during the course
INSTITUTES OF PRIVATE LAW A, U01004 – U02004
lecturer: F. Maurizio D'Ettore
e-mail: [email protected]
mandatory, lectures and exercises, 36 hours, 3rd cycle, written/oral examination,
credits: 5
Course description:
This course (Part A and Part B) is designed to give students a general overview of the
institutes of private law, specifically as regards their characteristics and changes, also
with reference to the European legislation and Italian public law (more specifically, to
constitutional principles and values). An analysis is also made of the connections of the
institutes of private law with commercial law, industrial law, labour law, etc. so as to
provide an adequate and extensive knowledge of contemporary legislation and of any
interference with the latest economic and social developments.
Finally, special attention is devoted to private laws governing markets and enterprises,
as well as to legal instruments governing assets circulation.
Main topics:
Legal and economic reality. Law and private law, in general. Sources and law
interpretation. Legal regulations. Constitutional and Community legality. European
sources of private law. Legal and economic reality. The market.Subjects and market.
Subjects: persons. Social groups. Family. Trade unions. Natural persons and legal
entities. Collective bodies. Entrepreneurs and companies. Enterprises. Producers,
consumers and professionals. Competition and market protection. Freedom of
competition and repression of unfair competition. Private economic initiative and assets
circulation. Legal instruments. Legal situations and relationships. Facts, deeds and legal
transactions. The obligation in general. Personal liberty and public controls. Freedom to
negotiate and to contract. The contract. Succession mortis causa. Donations. Assets:
preservation and protection. Assets, property rights and possession. Ownership and
possession-protection actions. Community and joint ownership. Securities. Credit right
and guarantees. Bonds: sources and structure. Other obligation sources. One-sided
promises (more specifically, credit instruments). Securities and regulation of financial
markets. Changes and circulation of credit. Redemption. Default and arrears
(contractual liability. Brief analysis and differences with non-contractual
liability).Guarantees (collateral, personal, atypical). Protection of rights. Means of
preservation of personal property guarantees.Divulgence and registration. Evidence of
legal facts. Prescription and forfeiture.
INSTITUTES OF PRIVATE LAW B, U01029 – U02029
lecturer: F. Maurizio D'Ettore
e-mail: [email protected]
optional, lectures and exercise, 36 hours, 4th cycle, written/oral examination, credits: 5
Main topics:
Classified and innominate contracts: some particular contracts. E-commerce and
contract-related regulations. Banks and bank contracts. Stock exchange contracts.
Insurance. Credit instruments. Family and family relations. Marriage. Conjugal
relations. Regime governing family properties. Marriage articles. Dissolution of the
community. Property fund. Family enterprise. Personal separation and marriage
dissolution. Marriage annulment, dissolution and divorce. Parentage, adoption and
fostering. Illegal acts and civil liability. Enterprises. Companies. Labour forms and
rules. Successions Mortis causa. Anomalous successions. Will and succession deeds.
Acts of liberality inter vivos. Donation contract, indirect donations. Comprehensive
donation. Liberality and solidarity acts. Non profit entities. Legal protection and
evidence. Legal proceedings. Civil justice. Bankruptcy and other composition
procedures.
Textbooks Recommended (for both part A and B):
P. Perlingeri, Manuale di diritto civile, ESI, Napoli, 2001:Private Law A (Part I, pages
3-58; Part II, pages 61-78; Part III, pages 81-193; Part IV, pages 197-288 and 324-327,
332-338; Part V, pages 341-345; Part VI, pages 369-372 and 381-384; Part VII, pages
397-401; Part VIII, pages 447-455; Part IX, pages 477-482, 493-495); Private Law B
(Part qIV, pages 289-323, 327-331; Part V, pages 346-365; Part VI, pages 369-394; Part
VII, pages 397-443; Part VIII, pages 456-474; Part IX, pages 477-497).
E. Russo, G. Doria, G. Lener, Istituzioni delle leggi civili, Cedam, Padova, 2001.Private
Law A (Part I, pages 3-175, 183-191, 216-232; Part II, pages 235-273, 337-348; Part
III, pages 373-440; Part IV, pages 443-596, 597-601, 611-650); Private Law B (Part I,
pages 173-182, 193-216; Part II, pages
275-336, 349-369; Part IV, pages 601-609, 653-706). For the Institutes of Private Law
B examination, the Russo-Doria-Lener Manual has to be integrated with the following
parts of Manuale di diritto civile by P. Perlingeri: Part IV, pages 327-331; Part V, pages
341-365; Part VI, pages 369-394; Part IX, pages 477-497).
Further recommended readings:
Torrente, P. Schlesinger, Manuale di diritto privato, Giuffrè, Milano, last edition.
The parts of the Torrente-Schlesinger Manual to be studied for the examination of
Private Law A and B shall be agreed upon by individual students with the lecturer.
Students are required to extend their study to the Civil Code (several editions including
the most important specific laws are available on the market). Among other
publications, the following are mentioned as examples:
F. Galgano, B. Inzitari, Codice civile e leggi collegate, Bologna, Cedam, last edition;
De Nova, Codice civile e leggi collegate, Bologna, Zanichelli,
Last edition;
A. Di Majo, Codice Civile con la Costituzione e le principali norme complementari,
Milano Giuffrè, last edition.
In order to check whether the student is ready to take the examination, the reading of the
following books is suggested:
G. Iudica, P. Zatti, Linguaggio e regole del diritto privato. Casi e domande, Padova,
Cedam, 2001;
P. Cendon, Come affrontare e superare l'esame di diritto privato, Giuffrè, Milano, last
edition.
Suggested bibliography (for students interested in extending the study of topics included
in the programme and, in general, the study of private law):
P. Barcellona, Diritto privato e società moderna, Jovene, Napoli, 1996;
P. Perlingeri, Il diritto civile nella legalità costituzionale, ESI, Napoli;
G.B. Ferri, Negozio giuridico, in Digesto disc. priv., sez. civ.,
vol. XIII, Utet, Torino;
AA.VV., Diritto privato europeo, a cura di N. Lipari, vol. I and II, Cedam, Padova,
1997;
L. Mengoni, Autonomia privata e costituzione, in Banca Borsa e tit. cred., 1997, p. 1 ss;
D. Messinetti, Voci dell'Enciclopedia del Diritto, Milano, Giuffrè: "Danno giuridico" in
App. Agg. Vol. I - 1997, "Abuso del diritto" in App. Agg. Vol. II - 1998, "Oggetto" (dei
diritti) Vol. XXIX - 1979, "Personalità" (Diritti della) Vol. XXXIII - 1983;
G. Vettori, Persona e mercato, (lectures) Cedam, Padova, 1996;
Schlesinger, Codice civile e sistema civilistico: il nucleo codicistico e i suoi satelliti, in
Riv. Dir. civ., 1993, I, 403 ss.
INSTITUTES OF PUBLIC LAW A, U01005 – U02005
lecturer: Giovanni Cocco
e-mail: [email protected]
mandatory, lectures and seminars, 36 hours, 3rd cycle, written/oral examination, credits:
5
Course description:
This course covers the general lines of constitutional and administrative law. Students
are required to have already acquired full knowledge of the Italian Constitution in the
text currently in force. Specific topics include: the law and its sources (sources in
general, the Constitution, sub-constitutional sources, regional sources and the
interpretation of sources and their effectiveness); the State (constituent elements; forms
of State; State and international order); rights and duties of citizens (principle of
equality, rights of freedom and political rights); the organisation of the Republic (forms
of government; Parliament; President of the Republic; the Government and the Public
Administration; general principles concerning the organisation of the judiciary);
Regions and local authorities (general concepts; Regional bodies; the ruling power of
Regions; the administrative power of Regions); Constitutional guarantees
(Constitutional revision; Constitutional justice; control of constitutional legitimacy).
Textbooks recommended:
F. Cuocolo, Lezioni di diritto pubblico, Milano, Giuffrè, 2002 (available from
September 2002).
A. Mattioni (ed.), Il codice costituzionale, La Tribuna, Piacenza, 2002.
INSTITUTES OF PUBLIC LAW B, U01030 – U02030
lecturer: Giovanni Cocco
e-mail: [email protected]
mandatory, lectures and seminars, 36 hours, 4th cycle, oral examination,
credits: 5
Course description:
Only students who have already taken Institutes of Public Law A may be admitted to
this course.
Topics include a detailed discussion of subjects covered by Institutes of Public Law A.
Special attention is devoted to the parts relating to administrative law and local
autonomy law. Other topics: the Italian constitutional history, the system of freedom
rights, the judiciary, the Constitutional Court and its residual functions in relation to the
constitutionality control of laws, Region and local bodies, administrative deeds and
forms of protection against illegitimate administrative activities.
Students are encouraged to attend the seminars held by Giorgio Grasso, and are required
to write a short paper (three/five pages) on a specific subject to be assigned to them. The
paper will be discussed in the classroom; the assessment of the paper will be included in
the final result of the examination. As to seminars to be held in the 2002-2003 academic
year, see the Web page:
http://eco.uninsubria.it/Webdocenti/ggrasso/seminari_istituzioni.htm
Textbook recommended:
P. Caretti, U. De Siervo, Istituzioni di diritto pubblico, 5th ed., Giappichelli, Torino,
2001.
A. Mattioni, ed., Il codice costituzionale, La Tribuna, Piacenza, 2002.
MACROECONOMICS A, U01018 – U02018
lecturer: Giancarlo Bertocco e-mail:[email protected]
mandatory, lectures, 36 hours, 1st cycle, oral examination, credits: 5
Course description:
1) Classical Macroeconomics
Employment and Output Determination
Say’s Law
The Quantity Theory of Money
2) Keynes and the Classical Model
Keynes’s Analysis of the Labour Market
Keynes’s rejection of Say’s law
3) The Orthodox Keynesian School
The IS-LM Model
The Neo-classical Synthesis
Textbook recommended:
D. Delli Gatti – M. Gallegati, Macroeconomia. Fatti, teorie, politiche, Giappichelli Ed.,
Torino
MACROECONOMICS B, U01019 – U02059
lecturer: Giancarlo Bertocco e-mail:[email protected]
mandatory, lectures, 36 hours, 2nd cycle, oral examination, credits: 5
Course description:
1) The Open Economy
The Accounting Framework of the Balance of Payments
The Mundell-Fleming Model
2) The Keynesian Price Theory
The AD-AS Model
The Phillips Curve
3) The Monetarist School
The Friedman’s Critique of the Phillips Curve
The expectations-augmented Phillips Curve Analysis
4) Models of Economic Growth
The Keynesian Growth Theory
The Neo-classical Growth Theory
Textbook recommended:
D. Delli Gatti – M. Gallegati, Macroeconomia. Fatti, teorie, politiche, Giappichelli Ed.,
Torino
MACROECONOMIC POLICY (BASICS A1), U01033 – U02033
lecturer: Alberto Sdralevich e-mail: [email protected]
mandatory, lectures, 36 hours, 1st cycle, written and oral examination, credits: 5
Course description:
The course is designed for students with an acceptable background in microeconomics,
but having attended only a 36-hour course in macroeconomics. The main issues in
macroeconomic theory are discussed, as a basis for economic policy.
Main topics:
Keynesian and neoclassical models
Flexible prices in a Keynesian model
Income and prices in an open economy
The Phillips curve and its critics
Rational expectations and economic policy
Fiscal and monetary policy in an open economy
Textbooks recommended:
D. Delli Gatti, M. Gallegati: Macroeconomia. Giappichelli, Torino 2001.
MACROECONOMIC POLICY (ITALY IN THE EMU A2), U01033 – U02033
lecturer: Alberto Sdralevich e-mail: [email protected]
mandatory, lectures, 36 hours, 2nd cycle, written and oral examination, credits: 5
Course description:
The course is designed to discuss the main problems and the scope of macroeconomic
policy, as restrained by Italy’s participation in the EMU. A few important issues in the
theory of public decision-making are also covered. Some knowledge of macroeconomic
concepts and models (as provided in a basic course plus A1) is required.
Main topics:
Policy instruments and targets
Welfare, preferences, committees and democracy
Economic policy in the European Union
The strategy of the European Central Bank
The Stability and Growth Pact
Old and new issues in Italian economic policy
Textbook recommended:
D. Delli Gatti, M. Gallegati: Macroeconomia. Giappichelli, Torino 2001. Further
reading (mainly official documents) will be recommended when required.
MATHEMATICS part A, U01007 – U02007
lecturer: Angelo Guerraggio e-mail: [email protected]
mandatory, lectures and exercise, 35 hours, 1st cycle, written examination, credits:5
Course description:
The set IR of real numbers, order structure of IR.
Metric structure of IRn.
The set IR : Metric structure, Algebraic structure: vector space and its dimension.
Linear transformations.
Matrix: Rank and determinant of matrix. Inverse matrix.
Systems of linear equations.
MATHEMATICS part B, U01008 – U02008
lecturer: Angelo Guerraggio e-mail: [email protected]
mandatory, lectures and exercise, 35 hours, 2nd cycle, written and oral examination,
credits: 5
Course description:
Definition of the limit of real valued functions.
Continuous functions and their properties.
Theorems concerning limits. Calculus of limits.
Definition of a derivative and its properties.
Lagrange theorem, Rolle theorem, De l’Hospital theorem. Taylor formula. Riemann
Intergral and its properties. The mean value theorem.
Textbooks recommended (for both part A and B):
Guerraggio, Matematica generale, Nuova Ed. Torino: Bollatinoringhieri, 2000
G. Giorgi, Elementi di algebra lineare, Torino: Giappicchelli, 1998
Guerraggio, Esercizi di matemarica, II ed. Torino: Giappichelli, 1984
G. Crespi, M. Rocca, Temi svolti di matematica, Datanova, Milano, 2001
MICROECONOMICS, U01009 – U02009
lecturer: Michele Bernasconi e-mail: [email protected]
mandatory, lectures, 35 hours, 3rd cycle, written test, credits: 5
Course description:
This course is designed to discuss some of the fundamental concepts and methods in
economics. Students are shown the basic tools and methods of economic analysis. This
course is also designed to show how the insights obtainable from a theoretical analysis
of different microeconomic contexts may be combined with an appreciation of their
relevance to real-world problems.
Main topics:
1)Consumer behaviour:
The consumer-budget constraint and consumers’ preferences
Consumer demand analysis
Elasticity measures and applications
2)Business theory:
Technology and production function
Profit maximisation and cost minimisation
Business and industry supplies
3)The market
Monopoly
Oligopoly
Perfect competition
Market failure
Textbook recommended:
Varian, H.R., Microeconomia, Cafoscarina, Venezia, 1998, 4thed.
MONETARY ECONOMICS, U01025 – U02025
lecturer: Giancarlo Bertocco e-mail:[email protected]
mandatory, lectures, 36 hours, 4th cycle, written/oral examination, credits: 5
Course description:
1) The Monetarist School
The quantity Theory of Money Approach
The New Classical Approach
2) The New Keynesian School
The New Keynesians’ Critique of the Modigliani-Miller Theorem
Imperfect Information in Credit Markets
Myers-Majluf Model, Stiglitz-Weiss Model.
The Policy Implications of the New Keynesian Approach: the: ‘Bank Lending
Channel’
3) Monetary Policy in Italy
A Monetarist Approach
A Keynesian Approach
The Transmission Mechanism of Monetary Policy: the ‘Bank Lending Channel’ and the
‘Money Channel’
4) The Monetary Policy of the European Central Bank.
The EBC’s Monetary Policy Strategy
The Transmission Mechanism of Monetary Policy
Textbook recommended:
G. Schlitzer, Il Fondo monetario internazionale, Il Mulino, Bologna
ORGANIZATION - INFORMATION SYSTEMS (I.S.), U0A040 – UA0019
lecturer: Paolo Pasini e-mail: [email protected]
mandatory, lectures, 35 hours, 4th cycle, oral examination, credit: 6
Course description:
Basic concepts and models of Management Information Systems
Operational and Transactional Information Systems; the opportunities of Integrated I.S.
(E.R.P.)
Business Control and Decision Processes and the role of Executive Information Systems
and Decision Support Systems; Datawarehouse and Business Intelligence Systems
External and Interorganizational I.S.: the role and the different nature of Internet
Business Strategy and Information Technology: the linkage issue and I.S. Governance
I.S. life cycle
I.S. project management
Business cases and examples of Managerial applications
Textbook recommended:
P.F.Camussone, Il sistema informativo aziendale, Etas Libri, 1990 (testo di base)
P.Pasini, Tecnologie informatiche e conoscenza manageriale, Etas Libri, 1998
A.Pontiggia, Organizzazione dei sistemi informativi, Etas libri, 1997
A.Pontiggia (edited by), L’impiego efficiente delle tecnologie d’informazione, Egea,
2001
PRINCIPLES OF ECONOMICS, U01006 – U02006
lecturer: Michele Bernasconi e-mail: [email protected]
mandatory, lectures, 32 hours, 1st cycle, written test, credits: 4
Course description:
The course is designed to discuss basic economic principles in a historical perspective,
and to show how economic analysis principles and instruments can be usefully applied
to describe and interpret the fundamental characteristics of contemporary social and
economic systems. The basic features of Italian economy will also be discussed.
Main topics:
The object of economic analysis
Classical economists
Neo-classical economics
Keynes and the development of macroeconomics
Modern microeconomic and macroeconomic theories
Empirical methods in economic analysis
The Italian economy
Textbook recommended:
Landreth, H. e D.C. Colander, Storia del Pensiero Economico, Il Mulino, Bologna.
Signorini, L.F. e I. Visco, L’ Economia Italiana, Il Mulino, Bologna.
PUBLIC FINANCE, U01034 – U02034
lecturer: Anna Marenzi e-mail: [email protected]
mandatory, lectures, 36 hours, 1st cycle, oral examination, credits: 5
Course description:
This course is designed to discuss the microeconomic foundations of the public sector,
more specifically the optimal design of government intervention both in terms of public
expenditures and tax collection, and the efficiency and redistributive effects of
government intervention. The main objective of the course is to strike a balance
between political failures and market failures in determining the form and the extent of
government intervention.
Topics include:
Theories concerning the public sector
Market failures and government intervention
Taxation and redistribution
Political failures
Textbook recommended:
P. Bosi, Corso di Scienza delle finanze, Il Mulino, Bologna, 2000.
REGIONAL ECONOMICS A, U01039 – U02039
lecturer: Gioachino Garofoli
e-mail: [email protected]
optional, lectures, 36 hours, 3rd cycle, oral examination, credits: 5
Main topics:
Regional economic development: development patterns and location processes
Regional disequilibria and economic development
The Italian economic development: development phases and main interpretations
Development and regional policies
Small companies and diffuse industrialisation: the Italian patterns during the ‘70s and
the ‘80s
Industrial districts and local productive systems
Textbooks recommended:
Garofoli G., Economia del territorio, Etas, Milano, 1992
Krugman P., Geografia e commercio internazionale, Garzanti, Milano, 1995 (original
book: Geography and Trade)
REGIONAL ECONOMICS (A and B), U0A030 – UA0027
lecturer: Gioachino Garofoli
e-mail: [email protected]
mandatory, lectures, 72 hours, 3rd and 4th cycle, oral examination, credits: 10
Main topics:
Regional economic development: development patterns and location processes
Regional disequilibria and economic development
The Italian economic development: development phases and main interpretations
Development and regional policies
Small companies and diffuse industrialisation: the Italian patterns during the ‘70s and
the ‘80s
Industrial districts and local productive systems
Economic development and territory
Local models of development
Local development policies
Textbooks recommended:
Garofoli G., Economia del territorio, Etas, Milano, 1992
Krugman P., Geografia e commercio internazionale, Garzanti, Milano, 1995 (original
book: Geography and Trade)
Garofoli G., Modelli locali di sviluppo, Angeli, Milano, 1994
SECOND FOREIGN LANGUAGE (FRENCH, GERMAN, SPANISH, ITALIAN),
U01027 – U02027
lecturer: Maria Teresa Fabbro e-mail: [email protected]
mandatory, self-access multi-media lab, first and second semester, computerised test,
credits: 5
Course description:
Self-access multi-media courses from beginner to advanced level. Students’ facilities
include a self-access multi-media lab, which is fully equipped with the latest audiovisual aids (interactive multi-media courses, videos, cassettes, TV). All students are
required to take an entrance test. The duration of the course may vary according to
individual student’s skills. Students are required to reach the B2 (Independent User)
level according to the Common European Framework of Reference. Exams are fully
computerised.
Note:
French, German and Spanish Courses are designed for Italian students as well as for
other non-native speakers of Italian. An Italian course is available for foreign students.
No textbooks recommended
STATISTICS, U01001 – U02001
lecturer: Antonietta Mira
e-mail: [email protected]
mandatory, lectures, 36 hours, 2nd cycle, written/oral examination, credits: 5
Course description:
The course is designed to present methods to organize and describe a collection of data.
Main topics:
UNIVARIATE DATA ANALYSIS: This course discusses various types of data and the
methods to adequately represent the same graphically through histograms, pie-charts
and empirical distribution functions. Methods to synthesize data will also be discussed:
mean, median, mode, variance, standard deviation, range, quantiles, coefficient of
variation, Gini index. Chebichev inequality.
MULTIVARIATE DATA ANALYSIS:
This course also discusses contingency tables, joint marginal and conditional
distributions as well as variable relationships: independence, connection, covariance.
The basics of linear regression will be presented.
Theoretical distributions to describe data such ad Bernoulli,Binomial, Poisson, Gaussian
and Exponential will be presented together with economic and financial examples to
describe their use in real applications.
Textbooks recommended:
Molteni e Piccarreta, Elementi di Statistica Descrittiva, Edizioni EGEA
D. Freedman, R. Pisani, R. Purves, Statistics, 1998, Mc Graw Hill, Milano.
Statistica descrittiva. Dispensa ad uso degli studenti (Student’s Manuala). Ed. Spiegel,
Milano.
G. Cicchitelli, Probabilita' e Statistica, 1990, Maggioli Editore, Rimini.
NOTE: References in English will be provided upon request.
STATISTICAL INFERENCE, U01012 – U02012
lecturer: Antonietta Mira
e-mail: [email protected]
mandatory, lectures, 36 hours, 3rd cycle, written/oral examination, credits: 5
Course description:
The basic theoretical concepts in statistics as well as the economic and financial
applications are discussed.
Main topics:
PROBABILITY THEORY: Axiomatic approach together with subjective (Bayesian)
and objective (classical) interpretation of probability. Conditional probability. Bayes
Theorem. Statistical independence.
RANDOM VARIABLES: Distribution function, density function, expected value,
variance. Central Limit Theorem.
THEORY OF POINT ESTIMATION: Method of moments. Properties of estimators:
bias, mean square error, consistency.
CONFIDENCE INTERVALS: Definition and interpretation. Confidence intervals for
the mean (and the difference of means) of a Normal distribution both with known and
unknown variance. Confidence intervals for proportions.
HYPOTHESIS TESTING: Null and alternative hypothesis. First and second type errors
and their probabilities. P-value. Hypothesis testing for the mean (and the difference of
the means) of a normal distribution both with known and unknown variance (T-test).
Hypothesis testing for proportions.
Relationship between confidence intervals and hypothesis testing.
Textbooks recommended:
R. Piccarreta, P. Veronese, Lezioni di Inferenza Statistica, 2001,
Schonenfeld & Ziegler, Milano.
G. Cicchitelli, Probabilità e Statistica, II edizione, 2001,
Maggioli Editore, Rimini. (Chapters 5-8)
Cifarelli, D.M. Introduzione al Calcolo delle Probabilità,
1998, Mc Graw Hill, Milano.
D. Freedman, R. Pisani, R. Purves, Statistica, 1998, Mc Graw
Hill, Milano.
NOTE: References in English will be provided upon request.
TAX LAW, U01040 – U02040
lecturer: Maria Pierro
e-mail: [email protected]
optional, lectures and seminars, 36 hours, 3rd cycle, oral examination, credits: 5
Course description:
The course consists of four modules. It is designed to teach students the fundamentals of
the Italian tax system. After reviewing the nature and the types of taxes and duties
existing in Italy, the course discusses tax application, ascertainment and collection
procedures in general, with special attention to the parts relating to taxes applied to the
income of individual and collective entities. In order to ensure a more comprehensive
review of the field, some modules discuss corporate income determination and taxation
in detail.
Textbooks recommended:
F. Tesauro, Compendio di Diritto Tributario, Torino 2002
F. Tesauro, Istituzioni di Diritto Tributario. Parte generale, Torino 2001
F. Tesauro, Istituzioni di Diritto Tributario. Parte speciale, Torino 2002
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