Course detail

Investments

FAST-NVB044Acad. year: 2023/2024

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

prof. Ing. Jana Korytárová, Ph.D.

Department

Institute of Structural Economics and Management (EKR)

Entry knowledge

Feasibility study, knowledge of economic efficiency investment ratio (net present value, internal rate of return, pay back period), profit, sensitivity and probalility analysis.

Rules for evaluation and completion of the course

Extent and forms are specified by guarantor’s regulation updated for every academic year.

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.
Creation of feasibility study to extend of risk management. Elaboration of firm investment programme.

Study aids

Not applicable.

Prerequisites and corequisites

Not applicable.

Basic literature

Not applicable.

Recommended reading

Not applicable.

Type of course unit

 

Lecture

26 hod., optionally

Teacher / Lecturer

prof. Ing. Jana Korytárová, Ph.D.

Syllabus

1.–2. Life cycle of construction project, Feasibility study – importance and main chapters. 3.–4. Methods for evaluation of the project economic efficiency and financial feasibility, determination of discout rate 5.–6. Investment project risk evaluation. 7.–8. Determining the economic efficiency of the development project. 9.–10. Firm investment programme and financial plan. 11.–13. Optimalization of firm investment programme.

Exercise

13 hod., compulsory

Teacher / Lecturer

prof. Ing. Jana Korytárová, Ph.D.

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.