Basics of finance fo project management (ECON853_SOLEM )
Présentation
- Semester 8
- Duration : Within one semester
- Type: Mandatory
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Applicability: ESBC course only
- Module examination: 1 written exam (50%), 1 individual oral presentation (30%), Readings (20%)
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Teaching and learning method : seminar, case studies, discussion.
Responsible person for the module: Emilie PLANES
Objectifs
Upon completion of the module students will:
- understand the foundations of Cost-Benefit Analysis (CBA) and its application in different areas,
- analyse the role of discounting future benefits and costs in decision-making
- be able to understand, identify and apply the Net Present Value (NPV) in project assessment
- have learnt the limitations of using the NPV in decision-making and related alternative methods.
Heures d'enseignement
| Cours Magistral | 21h |
Pré-requis obligatoires
Admission to 2nd semester
Plan du cours
Introduction
Chapter 1: Cost-benefit Analysis: Foundations, areas of applications, limitations, and alternative decision-making methods
Chapter 2: Discounting: Principles, approaches, and challenges
Chapter 3: Net Present Value (NPV): Principles, applications, limitations, adjustments to the traditional NPV
Conclusion
Bibliographie
Text books:
- De Rus, G. (2021). Introduction to cost–benefit analysis: looking for reasonable shortcuts. Edward Elgar Publishing.
- Guerriero, C., & Pacelli, A. (2020). Discounting benefits and costs. In Cost-Benefit Analysis of Environmental Health Interventions (pp. 129-143). Academic Press.
- Hanley, N., Barbier, E. B., & Barbier, E. (2009). Pricing nature: cost-benefit analysis and environmental policy. Edward Elgar Publishing.
- National Center for Environmental Economics. (2010). Guidelines for preparing economic analyses.
- (https://www.epa.gov/environmental-economics/guidelines-preparing-economic-analysis-2010-revised-2014)
- Organisation for Economic Co-operation and Development. (2018). Cost-Benefit Analysis and the Environment: Further Developments and Policy Use. OECD Publishing.