Foreign students undergraduate courses

First

The course is divided into two parts.

The first part focuses on the sociological approach to the following issues: social change; order and power; economic organization and social division of work; social stratification and gender differences; space, territory and cities; science, technology ad communication.

The second part focuses on contemporary life styles in connection with the changes that take place in consumer orientations.

To provide some interpretative categories in order to understand the relationship existing between economy and society, mainly between individual choices – both at productive and consumer level – and socially determined ones.

Written

6 ECTS

1. 
   Elements of sampling theory: Simple Random Sampling with or without replacement, Stratified Random Sampling; Systematic Random Sampling; Cluster Random Sampling; Multi-Stage Sampling; estimator of the total; estimator of the proportion; sampling schemes for the analysis of contingency tables.
   
2. 
   Indices of association: indices of connection (X², Φ, P, Cramer’s index) indices of dependencies (Goodman and Kruskal), index of relative risk and odds ratios.
   
3. 
   Co graduation: indices of Kendall and Spearman.
   
4. 
   Analysis of contingency tables: Simpson Paradox and conditional independence
   

Agresti, A. (2002). Categorical Data Analysis, Wiley.

Brasini, S., Tassinari, F. e Tassinari, G. (1996) Marketing e pubblicità. Metodi di analisi statistica, Il Mulino.

Cichitelli, G. Herzel, A. e Montanari G. E. (1997). Il campionamento statistico, Il Mulino (available at the Faculty library.

Frosini, B. V., Mortinaro, M., Nicolini, G. (1999), Il campione da Popolazioni finite, Utet.

Zani, S. (1997) Analisi dei dati statistici, volume 1 e 2, Giuffrè Editore.

1. 
   Mercantilism and the theories of national wealth.
   
2. 
   Sir William Petty and the birth of political economy: method, surplus and value.
   
3. 
   Francois Quesnay and Physiocracy.
   
4. 
   Adam Smith and classical laissez-faire.
   
5. 
   Ricardo and the theory of value, distribution and growth. The debate between Ricardo and Malthus.
   
6. 
   Marx and his analysis of capitalism.
   
7. 
   The birth of marginalism and the subjective theory of value. Scarcity, resource allocation and income distribution. Efficiency and optimality of a free market economy.
   
8. 
   John Maynard Keynes and the critique of the neoclassical theory of income and employment. Economics as a social science. Economic policy measures against unemployment. The social consequences of inflation and deflation and the social consequences of the General Theory.
   
9. 
   Schumpeter and Sraffa.
   

(CLACFA)

1. 
   Introduction to financial instruments.
   
   • 
     Definition of financial instruments and financial markets.
     
   • 
     Introduction to financial markets.
     
   • 
     Outline of financial mathematics
     
2. 
   Financial instruments market
   

• 
  Primary and secondary government bond markets.
  
• 
  Stock market.
  
• 
  Regulations.
  
• 
  Securities custody and administration
  
• 
  Foreign exchange market
  

3. 
   Introduction to derivatives
   

• 
  Definition of derivatives characteristics
  
• 
  Derivatives measurement
  
• 
  The role of derivatives in the financial system and the real economy.
  
• 
  Introduction to the futures, interest rate swaps and options markets
  
• 
  Introduction to financial risk management
  

4) Recognition, measurement and presentation of financial instruments in financial statements under IFRS

• 
  IAS 39
  
• 
  IAS 32
  
• 
  IFRS 7
  
• 
  Outline of IAS 17 (leases)
  
• 
  Outline of specific research documents (factoring, securitisation, etc.)
  

* financial instruments and derivatives;

* financial market operation;

* recognition, measurement and presentation of the financial instruments and derivatives in the financial statements according to IAS/IFRS accounting principles.

The course takes in examination the principal matters of the economic sociology; among the most remarkable: socialization, culture and society, social stratification, mobility. The first form (30 hours) analyzes the principal matters of the tradition of the economic sociology from Marx to Schumpeter; the second (15 hours), considers the most remarkable themes of the contemporary (is social, crisis of the fordismo, globalization) economic sociology.

• 
  to manage planning and control processes over economic and financial flows
  
• 
  To prepare Business plans and Cash flows statements
  
• 
  To make hypothesis in applying the different evaluation approaches
  
• 
  To apply the evaluation approaches in practice, with reference to IAS/IFRS
  
• 
  To perform an impairment test
  
• 
  This course also includes case studies
  

• 
  Preliminary concepts
  
• 
  Cash flows analysis
  
• 
  Source and fund concept
  
• 
  How to prepare the work sheet and make the requested adjustments – Earning normalization.
  
• 
  How to prepare the various structures of cash flows statement and interpret the subsequent results
  
• 
  .Multi-years earning and cash flows: forecast techniques.
  
• 
  How to prepare and use the business plan
  

2. Business valuation

• 
  Capital concepts: economic capital, going concern capital; winding-up capital
  
• 
  How to appreciate the economic capacity with reference to:
  
  • 
    a business
    
  • 
    a branch
    
  • 
    a group
    
  • 
    investments in
    
    • 
      wholly-owned subsidiaries;
      
    • 
      partially-owned subsidiaries;
      
    • 
      minorities.
      

• 
  The adjusted book value method.
  
• 
  The separate valuation of goodwill and badwill
  
• 
  The earning –based methods
  
• 
  The discounted cash flows methods.
  
• 
  The methods for computing the discount rate (WACC computation; CAPM, etc.)
  
• 
  The market multiples method.
  

3. Impairment test

• 
  Ias 36: objective and scope
  
• 
  Identifying an asset that may be impaired
  
• 
  Measuring the recoverable amount.
  
  • 
    Measuring the recoverable amount o fan intangible asset with an indefinite useful life
    
  • 
    Fair value less costs to sell
    
  • 
    Value in use
    
    • 
      Estimate of future cash flows
      
    • 
      Discount rate
      
      • 
        Recognizing and measuring an impairment loss
        
      • 
        CGUs
        
        • 
          Identifying the CGU
          
        • 
          Recoverable amount and carrying amount of a CGU
          
          • 
            Goodwill
            
          • 
            Allocating goodwill to CGUs
            
          • 
            Testing a CGU to which goodwill has been allocated
            
          • 
            Minorities
            
          • 
            Corporate assets
            
          • 
            Impairment loss for a CGU
            
          • 
            Reversing an impairment loss
            
            • 
              For an individual asset
              
            • 
              For a CGU
              
            • 
              For goodwill