Complete course notes

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StuDocu is not sponsored or endorsed by any college or university Appunti, tutte le lezioni - Business & industrial economics - a.a. 2015/2016 Business & industrial economics (Politecnico di Milano) StuDocu is not sponsored or endorsed by any college or university Appunti, tutte le lezioni - Business & industrial economics - a.a. 2015/2016 Business & industrial economics (Politecnico di Milano) Scaricato da Alessandro Nava ([email protected]) lOMoARcPSD|2751981 8/3/16 BUSINESS AND INDUSTRIAL ECONOMICS – Course presentation Group work: - 7/8 slides presentation - summarize the content of the material: what are the main lessons? To explain the open issues, also the limitations of the material given - beginning/middle of May - max 2 points, 3 points only for the best ones Scaricato da Alessandro Nava ([email protected]) lOMoARcPSD|2751981 22/3/16 EFFICIENCY, COORDINATION AND ECONOMIC ORGANIZATION QUESTIONS What is the best organization of industries? How should different firms coordinate (speak to each other)? How activities should be arranged? What is the best organization to allocate tasks to individual companies? In this BIE course we will pose and answer questions about the «best» organization of sectors and the economy. With BEST we mean EFFICIENCY, so the most efficient organization of sectors and the economy. We need to find the maximum possible utility for all the players. Æ What are the means? The ͞EleŵeŶtaƌLJ Tedžtďook͟ ’s aŶsǁeƌ is: let’s do it to the iŶǀisiďle haŶd of markets. In fact, the preferred mean to get efficiency is the MARKET, which can offer the best solution possible in term of coordination and exchanges between specialized companies and allocation of tasks. Unfortunately, there are a lot of critical and crucial industries…