Course detail
Investments
FAST-CV05Acad. year: 2014/2015
Technical economic studies. Financial analysis and method for evaluation of project economical efficiency. Risk management, risk classification and identification, assessment of relevance of risk factors. Firm investment programme and financial plan.
Language of instruction
Czech
Number of ECTS credits
4
Mode of study
Not applicable.
Guarantor
Department
Institute of Structural Economics and Management (EKR)
Learning outcomes of the course unit
Extend of knowledge of processing of technical economic studies about risk management and elaboration of firm investment programme. Caculation of Weighted Average Cost of Capital (WACC) for establish of discount rate. Assesment of foreign and equity capital.
Prerequisites
Feasibility study, knowledge of economic efficiency investment ratio (net present value, internal rate of return, pay back period), profit, sensitivity and probalility analysis.
Co-requisites
Division of costs for the unit price calculation, for accounting, finance and investment (for needs for statement of the profit and loss), in terms of quantity production (fixed and variable).
Planned learning activities and teaching methods
The course is taught through lectures, practical classes and self-study assignments. Attendance at lectures is optional, but attendance at classes is compulsory.
Assesment methods and criteria linked to learning outcomes
Credit is awarded on the processing of the final test containing of solution of examples. The exam consists of a written test, written answers to questions and oral examination. For passing the oral exam, the student must obtain in the written part a minimum 50 points from 100.
Course curriculum
1-2. Feasibility study – importance and main chapters
3-4. Methods for evaluation of the project economic efficiency and financial feasibility
5-6. Investment project risk assessment
7-8. Investment project risk evaluation
9-10. Firm investment programme and financial plan
11-13. Optimalization of firm investment programme
3-4. Methods for evaluation of the project economic efficiency and financial feasibility
5-6. Investment project risk assessment
7-8. Investment project risk evaluation
9-10. Firm investment programme and financial plan
11-13. Optimalization of firm investment programme
Work placements
Not applicable.
Aims
Goal of this subject is to extend of knowledge of processing of technical economic studies about risk management and elaboration of firm investment programme.
Specification of controlled education, way of implementation and compensation for absences
Extent and forms are specified by guarantor’s regulation updated for every academic year.
Recommended optional programme components
Not applicable.
Prerequisites and corequisites
Not applicable.
Basic literature
FOTR, Jiří a SOUČEK, Ivan: Investiční rozhodování a řízení projektů. Praha: GRADA Publishing, 2011. ISBN 978-80-247-3293-0. (CS)
KORYTÁROVÁ, Jana, FRIDRICH Jaroslav a PUCHÝŘ Bohumil: Ekonomika investic. Brno: Akademické nakladatelství CERM, s.r.o., 2002. ISBN 80-214-2089-8. (CS)
WIDEMAN, R. Max: Risk management. Project Management Institute, 1992. ISBN 1- 80410-06-0. (EN)
KORYTÁROVÁ, Jana, FRIDRICH Jaroslav a PUCHÝŘ Bohumil: Ekonomika investic. Brno: Akademické nakladatelství CERM, s.r.o., 2002. ISBN 80-214-2089-8. (CS)
WIDEMAN, R. Max: Risk management. Project Management Institute, 1992. ISBN 1- 80410-06-0. (EN)
Recommended reading
KORYTÁROVÁ, Jana a kolektiv: Management rizik souvisejících s dodávkou stavebního díla. Brno: Akademické nakladatelství CERM, s.r.o., 2011. ISBN: 978-80-7204-725- 3. (CS)
LUMBY, Steve: Investment Appraisal and Financial Decisions. London: Chapman and Hall, 1999. ISBN-13: 978-1861522573. (EN)
LUMBY, Steve: Investment Appraisal and Financial Decisions. London: Chapman and Hall, 1999. ISBN-13: 978-1861522573. (EN)
Classification of course in study plans
Type of course unit
Lecture
13 hod., optionally
Teacher / Lecturer
Syllabus
1-2. Feasibility study – importance and main chapters
3-4. Methods for evaluation of the project economic efficiency and financial feasibility
5-6. Investment project risk assessment
7-8. Investment project risk evaluation
9-10. Firm investment programme and financial plan
11-13. Optimalization of firm investment programme
3-4. Methods for evaluation of the project economic efficiency and financial feasibility
5-6. Investment project risk assessment
7-8. Investment project risk evaluation
9-10. Firm investment programme and financial plan
11-13. Optimalization of firm investment programme
Exercise
26 hod., compulsory
Teacher / Lecturer
Syllabus
1.-2. Basic terms, approaches, relationships and calculations in the area of economy of investment (business plan, feasibility study, present value and evaluation of economic efficiency, inflation, risk, etc.)
3.Project of administrative building implementation and operation
4.Project of administrative building implementation and operation
5.Firm costs of capital, discount rate assessment, evaluation of own investment to the project
6.Risk of investment project, assessment of significant risk factors
7.Break-even point and operating leverage, break-even point in terms of net present value
8.Sensitivity analysis of project indicators to change the input variables
9.Consideration of risk in calculating indicators of economic efficiency - probability trees
10.Optimalization of firm investment programme
11.Respecting the flexibility of investment projects - real options
12.Credit test
13.Credit
3.Project of administrative building implementation and operation
4.Project of administrative building implementation and operation
5.Firm costs of capital, discount rate assessment, evaluation of own investment to the project
6.Risk of investment project, assessment of significant risk factors
7.Break-even point and operating leverage, break-even point in terms of net present value
8.Sensitivity analysis of project indicators to change the input variables
9.Consideration of risk in calculating indicators of economic efficiency - probability trees
10.Optimalization of firm investment programme
11.Respecting the flexibility of investment projects - real options
12.Credit test
13.Credit