Chemical Engineering

The course aims to provide students with useful tools for understanding the Chemical Industry sector. The first part of the course focuses on basic concepts related to the birth of businesses, their role in the economy, external and internal factors that determine their performance, and the growth path. Furthermore, students will be provided with tools for understanding and analysing financial statements, along with basic concepts of capital budgeting within the process industries field. The last part of the course is dedicated to investment analysis: methodologies, key issues, and the importance of multi-criteria and probabilistic approaches. The expected learning outcomes include: - Knowledge and understanding: by the end of the course, the student will have acquired basic knowledge related to firms' decision-making problems, technology characteristics, and market operations. - Applied knowledge and understanding: the student will be able to understand the dynamics of economic variables and evaluate choices concerning prices, costs, consumption, and production. - Autonomy of judgment: the student will have developed the ability to understand economic phenomena and critical thinking skills to assess proposed solutions related to business management. - Communication skills: the student will be able to communicate their economic knowledge, through the use of graphs and mathematical models. - Learning ability: the student will comprehend the functioning of economic models and will be able to use them to understand the specificities of the chemical industry sector. They will also be capable of examining the income statement.