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FAST-NVA066Acad. year: 2024/2025
Investment and national economy. Investment area (return, risk and liquidity). Time value of money. Feasibility study. Evaluation of economic efficiency and financial feasibility of structural investment projects. Procedures and methods for future development simulation of project. Economic efficiency ratios. Risk and uncertainty.
Language of instruction
Number of ECTS credits
Mode of study
Guarantor
Department
Entry knowledge
Rules for evaluation and completion of the course
Aims
Study aids
Prerequisites and corequisites
Basic literature
KORYTÁROVÁ, Jana. Ekonomika investic (el. stud. opora FAST VUT), 2020.
FOTR, Jiří a Ivan SOUČEK. Investiční rozhodování a řízení projektů, Praha: Grada Publishing, a.s., 2011.
BAUM, Andrew. Real Estate Investment. A Strategic Approarch. Routledge, New York, 2022. ISBN 9780367690694.
FURFINE, Craig. Practical Finance for Property Investment. Routledge, New York, 2020. ISBN 9780367333041.
Recommended reading
Classification of course in study plans
Lecture
Teacher / Lecturer
Syllabus
1.Investment and economy growth, sorts of investment possibilities.
2.Theoretical appraisal for evaluation of economic efficiency of investment, time value of money.
3.Feasibility study. Total project costs, investment costs, working capital.
4.Financing of structural investment projects, resources and costs.
5.Returns and production costs, profit, cash flow (CF). Income statement, balance sheet, CF statement.
6.Economic analysis, economic efficiency of investment ratios (NPV, IRR, PB).
7.Financial analysis, financial feasibility of project ratios.
8.Analysis of uncertainty according to project financial evaluation, resources and reason of uncertainty, inflation.
9.-10. Risk and uncertainty analysis; profit, sensitivity and probability analysis.
Exercise
1.Basic ratios for evaluation of the economic efficiency of investment.
2.Calculation of depriciation.
3.Analysis of uncertainties - profitability, sensitivity and probability analysis.
4.Assignment of project - production of wooden windows.
5.Continuation of project - resources of business plan financing.
6.Continuation of project - profit and loss statement, cash flow statement.
7.Optimization of financial resources - credit, leasing, bonds.
8.Continuation of optimization of financial resources.
9.Credit test.
10.Credit.