Course detail

Investments

FAST-CV05Acad. year: 2024/2025

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

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)
FOTR, Jiří a SOUČEK, Ivan: Investiční rozhodování a řízení projektů. Praha: GRADA Publishing, 2011. ISBN 978-80-247-3293-0. (CS)

Recommended literature

LUMBY, Steve: Investment Appraisal and Financial Decisions. London: Chapman and Hall, 1999. ISBN-13: 978-1861522573. (EN)
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)

Type of course unit

 

Lecture

13 hod., optionally

Teacher / Lecturer

prof. Ing. Jana Korytárová, Ph.D.

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

Exercise

26 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