Principles of economics.
Analysis and interpretation of the main economic variables of the wooden building furnishing system. Units of investigation: sector, wood supply chain, furniture districts, building supply chain. Principles of financial mathematics. The accounting methods. Business plan as a tool for the firm strategic planning; marketing mix; statistics
I. Bernetti I., S. Romano (a cura di), Economia delle risorse forestali (Vol. I e II), Liguori Ed., Napoli, 2007, I volume.
D. Pettenella, e nuove sfide per il settore forestale. Mercato, Energia, Ambiente e Politiche, 2009
R. N. Anthony, D. F. Hawkins, D.M. Macrì, A. Kenneth: Il bilancio 13/ed Analisi economiche per le decisioni e la comunicazione della performance.
Peter, Donnelly jr, Alberto Pratesi Marketing McGraw-Hill.
Ferrandina e Carriero Il business plan: guida strategico-operativa. Ipsoa
Learning Objectives
Provide the basis for carrying out economic-financial analysis and evaluation of companies operating in the wood-furniture sector, useful elements for professional activity and for research.
The expected learning outcomes can be summarized in some precise points:
a) understanding of firm balances, defining production costs,
b) Basic knowledge of financial calculation;
c) reading of company financial statements, calculation of production costs, contributing to the compilation of a business plan and the development of marketing strategies.
d) Knowledge of wood product certification processes
Prerequisites
Minimum Knowledge of field of study: wood production and market. Principles of economics.
Students are expected to be familiar with the principles of economics
Courses required: //
Courses recommended: Mathematics
Teaching Methods
Total hours of the course 201
Hours reserved for private study and other individual formative activities:
153
Contact Hours: Lectures (hours): 48
Contact Hours: Laboratory (hours): 0
Contact Hours: Laboratory-field/practice (hours): 16
Further information
Frequency of lectures, practice and lab: although non-compulsory, is
strongly recommended.
Type of Assessment
Oral exam with discussion of the theoretical and practical aspects with possible carrying out of exercises.
A mid-term exam with exercises and open questions may be provided;
in this case the score awarded will be equal to 50% of the final grade
Course program
Introduction to economics and business economics. Analysis and interpretation of the main economic variables of the wood furniture and building system. Survey unit: sector, wood supply chain, furniture districts, construction chain; transaction costs. PEFC, FSC, CoC, ISO14000 sustainable forest management certifications.
Renewable energy sources. organization of work in the woods.
The goals of the entrepreneur.
Determination of profit and net income. Production costs and full cost calculation. The economic accounting balance.
Elements of financial mathematics.
Marketing mix elements.
Sustainable Development Goals 2030
Decent work and economic growth. Organization of work and respect for workers' rights in the forest and in the wood industry.