Course detail

Investments

FAST-NVA068Acad. year: 2022/2023

The parting of sorts of investment, possibilities of investment, forms and sorts of investment activities. Measuring of investment efficiency, specifics of investment in the civil engineering and structural activity. Influence of investment volume on economic results, partnership with foreign investors. Students know the role of investment in national economy, pattern of investment as structural activity and measuring of investment efficiency.

Language of instruction

Czech

Number of ECTS credits

4

Mode of study

Not applicable.

Guarantor

prof. Ing. Jana Korytárová, Ph.D.

Department

Institute of Structural Economics and Management (EKR)

Learning outcomes of the course unit

Creation of model for calculation economic a financial feasibility of investment projects. Elaboration of Feasibility Study.

Prerequisites

Knowledge of financial and taxation issues.

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. Theoretical aspects of investment, economic policy
2. Cycle and phases of investment plan
3. Feasibility study
4. Total project costs (investment costs, working capital)
5. Financing of investment projects (internal and external resources)
6. Capacity, production inputs. Returns and production costs.
7. Income statement, balance sheet, CF statement
8. Economic efficiency of investment ratios (NPV, IRR, PB)
9. Risk and uncertainty analysis (profit, sensitivity and probability analysis)
10. Project evaluation with risk and uncertainty – probability and decision trees
11. Project evaluation with risk and uncertainty – decision matrix, decision rules
12. Inflation, nominal and real values
13. Portfolio theory

Work placements

Not applicable.

Aims

Goal of this subject are knowledge for bussiness plan including variant of finance.

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

BAUM, Andrew. Real Estate Investment. A Strategic Approarch. Routledge, New York, 2022. ISBN 9780367690694. (EN)
FOTR, Jiří a Ivan SOUČEK. Investiční rozhodování a řízení projektů, Praha: Grada Publishing, a.s., 2011 (CS)
FURFINE, Craig. Practical Finance for Property Investment. Routledge, New York, 2020. ISBN 9780367333041. (EN)
KORYTÁROVÁ, Jana. Ekonomika investic (el. stud. opora FAST VUT), 2020 (CS)

Recommended reading

Not applicable.

Classification of course in study plans

  • Programme NPC-ARS Master's

    specialization ARA , 1 year of study, summer semester, compulsory

Type of course unit

 

Lecture

26 hod., optionally

Teacher / Lecturer

prof. Ing. Jana Korytárová, Ph.D.

Syllabus

1. Theoretical aspects of investment, economic policy

2. Cycle and phases of investment plan

3. Feasibility study

4. Total project costs (investment costs, working capital)

5. Financing of investment projects (internal and external resources)

6. Capacity, production inputs. Returns and production costs.

7. Income statement, balance sheet, CF statement

8. Economic efficiency of investment ratios (NPV, IRR, PB)

9. Risk and uncertainty analysis (profit, sensitivity and probability analysis)

10. Project evaluation with risk and uncertainty – probability and decision trees

11. Project evaluation with risk and uncertainty – decision matrix, decision rules

12. Inflation, nominal and real values

13. Portfolio theory

Exercise

26 hod., compulsory

Teacher / Lecturer

Ing. Miloslav Výskala, Ph.D.
Ing. Jakub Federla

Syllabus

1. Assessment of the cost-effectiveness of projects. 2. SWOT analysis - Case Study. 3. Analysis of problems and solutions. 4. Logical Framework - Case study. Determination of connection hypotheses. Entering the project. 5. Individual project work - Logical Framework. 6. Presentation of results. 7. Cost methods of project evaluation - Case Study. 8. CBA analysis. Cost-effectiveness of the project. Individual work. 9. CBA analysis. The economic efficiency of the project. Individual work. 10. – 11. CBA analysis. The sensitivity analysis. Individual work. 12. Presentation of results. 13. Credit.