Course detail

Public investment

FAST-2V6Acad. year: 2021/2022

Course is about methodical design of possibilities for processing feasibility study for public commission (order). Feasibility study is put into wider social frame, is based on a strategy of cities and villages development, land-use plans, labour market and etc., then is based on possibility of getting investment means from local and abroad budgets (EU) - structural assets and evaluation of public investment effectiveness. Accomplishment theirs technical economic parameters and fulfillment of stated purposes. All with respect to specifics of villages’ management.

Language of instruction

Czech

Number of ECTS credits

6

Guarantor

prof. Ing. Jana Korytárová, Ph.D.

Department

Institute of Structural Economics and Management (EKR)

Learning outcomes of the course unit

Not applicable.

Prerequisites

Knowledge of business plan processing in private sector.

Co-requisites

Not applicable.

Planned learning activities and teaching methods

Not applicable.

Assesment methods and criteria linked to learning outcomes

Not applicable.

Course curriculum

1. Public and private sector (Pareto’s optimum, view of the efficiency)
2. Economic terms used in public projects (benefit, incomes, revenues, costs, expenditures, efficiency)
3. Basic methods of economic evaluation of public projects
4. – 5. Cost-benefit analysis (CBA)
6. Time value of money, indexes of economic efficiency (NPV, IRR, FRR, ERR, B/C)
7. Risks and uncertainties (inflation expecting, states of the world)
8. Analysis of the sensitivity and probability
9. Financial resources for the public financing (domestic – public budgets, foreign – funding foreign resources, institutions)
10. Public orders submission – Law 199/1994 Coll.
11. – 12. Public business competition
13. Public orders evaluation. Choice of the best order (supply price, economic suitability)

Work placements

Not applicable.

Aims

Goal of this subject is to give enough information for independent work on feasibility study for project financed by public sources.

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

Malý I., Mališová I.: Hodnocení veřejných projektů. MU Brno, 1997 1997
Stiglitz J. E.: Ekonomie veřejného sektoru. Grada

Recommended reading

Not applicable.

Type of course unit

 

Lecture

39 hours, optionally

Teacher / Lecturer

prof. Ing. Jana Korytárová, Ph.D.

Exercise

26 hours, compulsory

Teacher / Lecturer

prof. Ing. Jana Korytárová, Ph.D.