Advanced Business Administration – 5 cfu

Advanced Business Administration

Prof. G. BÜCHI – Prof. M. POLLIFRONI
buchi@econ.unito.itpollifroni@econ.unito.it

Course objectives

The course is a world-class program covering the key areas of contemporary management.
The course provides students with a wide range of educational opportunities and prepares students to pursue a range of careers in the fields of business accounting and management, and public administration management.

Textbook:
book in instalments provided during the course.

Part 1 (G.Büchi).

Quantitative topics on performance evaluation

Program

This part of the program consists of a critical discussion of selected managerial topics in both business management and public administration management. In both cases, quantitative features of performance evaluation are emphasised. Business analysis starts from concepts and models familiar to students from previous courses in order to discuss their relevance in different business situations.. Public administration management is examined with a comparative view with respect to business management, starting from differences in accounting systems and annual account. Other informations

Final evaluation is a weighted average based on class discussion (30%) and on a written exam with open questions (70%). For non attending students, written exam has a supplementary section on further reading

Text book

Class notes are provided

Part 1I (M. Pollifroni).

Program

?.Students have to possess a comprehensive working knowledge of management operations; have an integrated view of contemporary Italian and international business issues and demonstrate the communication and leadership skills essential for the management roles?..

Text book

L. PUDDU (a cura di), Bilancio IPSAS: Sistema Integrato di Rilevazioni e Principi Contabili Pubblici, RIREA, Roma, 2008.

February 22nd: Lecture with Anna Ikonen from  Laurea University -Finland

Title: “Understanding the opportunities and challenges of communication in a diverse world”

Production Technology-5 cfu

Production Technology

Dott. M. BECHIS


bechis@econ.unito.it

The objective of the course is to supply the essential tools required to integrate the functions carried out by different areas in an industrial company, achieving the best corporate system efficiency.
Program

The course examines the general characteristics of production processes and the relative technical means used in industrial companies. The basic principles of quality, certification and corporate social responsibility are also considered as well as energy problems (importance, resources, consumption and environmental impact).

The following topics are included in the program:

  1. productive area in industrial companies;
  2. typologies of industries and processes;
  3. industrial plants – fundamental planning, design and managing criteria;
  4. quality and certification;
  5. corporate social responsibility;
  6. energy and production;
  7. resources, consumption and environmental impacts;
  8. integrative sources of power.

Other information
Examination modalities: written and eventual oral text.
Textbooks
T. HARDJONO, S. ten HAVE, W. ten HAVE, The European Way to Excellence, European Commission, Directorate-General III – Industry, European Quality Publications Ltd, Brussels, 1996.
L. CERÈ, G. SANTOPRETE, Il sistema produzione delle aziende industriali – Lo stabilimento e i relativi servizi. Giappichelli, Torino, 1993.
L. CERÈ, L’energia – Un quadro di riferimento. Giappichelli, Torino, 2001 (Chapters I and VI).
L. CERÈ, Strumenti e prospettive per uno sviluppo sostenibile in ambito energetico. Aracne, Roma, 2006.
Other didactic materials will be supplied during the course.

Stock Market – 8 cfu

Stock Market

Prof.ssa E. Isaia

eleonora.isaia@econ.unito.it

The equity market: a general overview

Main features and types of equities.

The operations on equity capital:

  1. the initial public offerings (IPOs)
  2. the seasoned offerings
  3. the hostile and friendly takeovers
  4. the buy-backs
  5. the stock options programs

The secondary stock market: listing requirements and microstructure.

The equity derivatives:

  1. future contracts
  2. call and put options
  3. derivatives pricing (basics)
  4. hedging and trading strategies with derivatives (basics)

Teaching material:

Material and information provided through www.klips.it during the course.

April 18th-22nd: Prof. HELENA VAN ZYL  from University of the Free State Bloemfontein – South Africa

Book: Jones, CP. 2010. Principles and Concepts. 11th ed. New York: John Wiley.

Investment Management

Numerous factors and variables influence the international and national investment environment. However, not all these factors and variables have the same amount of influence on the investment environment. The problem for asset managers and investors is to distinguish between important and less important information that can influence the investment environment, and eventually investment decisions.

Factors influencing the investment environment to be considered are the condition of the American economy, the level of American interest rates, the Chinese economy, trade relations between America and China, the level of local interest rates, the value of the currency, conditions in the foreign exchange markets, profit warnings by companies, outcomes of elections, statements by politicians and business leaders, etc. The question is how to evaluate and interpret these factors when taking investment decisions. Apart from analysing macroeconomic factors, company-specific factors must also be analysed, e.g. the quality of management, profit record, business strategy, etc. Eventually all relevant information is used to compile an efficient investment portfolio.

The aim of this module is to provide students with a theoretical and practical basis necessary to understand the international and local investment environment in order to take informed investment decisions and even to compile and manage an investment portfolio.

The outline of the module is as follows:

Section 1: Investment concepts and portfolio theory

• Background

• Important investment concepts

• Return and risk

• Portfolio theory

• Portfolio selection

• Asset pricing models

Section 2: Security analysis

• Share valuation

• Market efficiency

• Fundamental analysis

• Technical analysis

• Bond valuation

• Derivatives

Section 3: Investment management

• Portfolio management

• Investment performance