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  3. Teaching

ECONOMIC EVALUATION OF PROJECTS

Antonio NESTICO' ECONOMIC EVALUATION OF PROJECTS

0622500004
DIPARTIMENTO DI INGEGNERIA CIVILE
EQF7
ENVIRONMENTAL AND TERRITORIAL ENGINEERING
2016/2017



OBBLIGATORIO
YEAR OF COURSE 1
YEAR OF DIDACTIC SYSTEM 2012
SECONDO SEMESTRE
CFUHOURSACTIVITY
660LESSONS
ANTONIO NESTICO' T Curriculum
Objectives
PREDICTED LEARNING OUTCOMES AND SKILLS TO ACQUIRE
THE COURSE IN THE ECONOMIC EVALUATION OF PROJECTS AIMS TO DEAL WITH THE PRINCIPLES OF COST-BENEFIT ANALYSIS, NOW WIDELY USED IN INVESTMENT PROJECTS IN PUBLIC WORKS AS WELL AS IN CASES OF PRIVATE INITIATIVES TO BE IMPLEMENTED WITH THE ASSISTANCE OF PUBLIC FUNDING.

KNOWLEDGE AND UNDERSTANDING
ACQUISITION OF LANGUAGE IN THE SECTOR EVALUATION, OF THE BASIC PRINCIPLES OF THE DISCIPLINE, OF OPERATING LOGIC.

APPLYING KNOWLEDGE AND UNDERSTANDING
INSTITUTIONAL AND PRIVATE SOURCES THAT PROVIDE DATA FOR THE ESTIMATION OF PARAMETERS REQUIRED BY THE EVALUATION. TECHNIQUES OF PREPARATION OF THE FINANCIAL PLAN.

MAKING JUDGEMENTS
CAPABILITY TO SELECT AND IMPLEMENT THE MODEL THAT BEST ALLOWS YOU TO ASSESS THE PROJECT’S ABILITY TO PURSUE MULTIPLE OBJECTIVES TO BE MET.

COMMUNICATION SKILLS
KNOWING HOW TO INTERACT WITH EXPERTS FROM OTHER DISCIPLINES, TO COMMUNICATE THE RESULTS OF THE WORK IN AN EFFECTIVE MANNER.

LEARNING SKILLS
BEING ABLE TO APPLY THE TECHNIQUE TO DIFFERENT EVALUATION CASE STUDIES. KNOWING HOW TO UPGRADE THE SKILLS WITH THE DEVELOPMENT OF THE TOOLS OF ANALYSIS AND INFORMATION PROCESSING, AND WITH THE EVOLUTION OF THE REGULATORY FRAMEWORK.
Prerequisites
ACHIEVEMENT OF THE OBJECTIVES SET BY THE STUDENTS, KNOWLEDGE OF THE BASICS OF GENERAL ECONOMY, OF FINANCIAL MATHEMATICS AND CORPORATE BUDGET.
Contents
AIMS OF THE ECONOMIC EVALUATION OF PROJECTS. RELATIONS WITH THE ENGINEERING PROFESSION. PRINCIPLES OF ECONOMICS. ECONOMIC LAWS. FORMS OF MARKET. MACROECONOMICS: NATIONAL INCOME; INVESTMENT; INFLATION. PRINCIPLES OF FINANCIAL MATHEMATICS AND COMPANY BUDGET. THE INVESTMENTS AND CHOICES. STRUCTURAL INVESTMENTS AND MARGINAL INVESTMENTS. ALLOCATION OF RESOURCES. THE PROJECT. TECHNICAL FEASIBILITY AND ECONOMIC VIABILITY. ECONOMIC HORIZON OF THE PRIVATE AND PUBLIC ENTREPRENEUR. PROGRAMMATIC CHOICES, TEMPORAL PRIORITY CHOICES, TECHNIQUE ALTERNATIVE CHOICES. ECONOMIC EVALUATION AND FINANCIAL EVALUATION. EX ANTE, EX POST, IN ITINERE EVALUATION.
RISK AND UNCERTAINTY. TECHNIQUES FOR THE EVALUATION OF PROJECTS. MULTI-CRITERIA ANALYSIS.
ORIGIN AND DEVELOPMENT OF THE COST-BENEFIT ANALYSIS. BENEFITS CLASSIFICATION. COSTS CLASSIFICATION. FINANCIAL COSTS AND ECONOMIC COSTS. CONVERSION FACTORS OF THE FINANCIAL COSTS IN ECONOMIC COSTS. THE TIME, THE THIRD DIMENSION OF THE ANALYSIS. PHYSICAL DURATION AND ECONOMIC LIFE OF THE PROJECT. START-UP OF THE PROJECT. DEVELOPMENT INDICES. DISCOUNT RATE. SOCIAL RATE OF TIME PREFERENCE. CRITICAL RATE. THE PRICE SYSTEM FOR EVALUATING. SHADOW PRICES. OPPORTUNITY COST. WILLINGNESS TO PAY. EVALUATION CRITERIA: NET PRESENT VALUE (NPV), BENEFIT/COST RATIO (B/C), INTERNAL RATE OF RETURN (IRR). OTHER CRITERIA: PAYBACK PERIOD, CAPITAL/PRODUCT RATIO. FACTORS AFFECTING THE EVALUATION RESULTS.
Teaching Methods
THE COURSE INCLUDES FRONTAL LESSONS AND TUTORIALS. DURING THE PRACTICE SESSIONS ARE FIRST SHOWN APPLICATIONS OF THE THEORETICAL PRINCIPLES AND PRACTICAL CASES OF ECONOMIC EVALUATION OF PROJECTS. IT ALSO DEVELOPED A DESIGN ACTIVITY AIMING AT PREPARING THE BUSINESS PLAN AND TO PREPARE THE FINANCIAL PLAN REGARDING AN INVESTMENT INITIATIVE. THE STUDY PRODUCED AT THE END OF THE PROJECT ACTIVITY CONTRIBUTES TO THE “PREMIO ANTONIO GENOVESI” SPONSORED BY THE UNIVERSITY OF SALERNO AND THE ASSOCIATION OF BUILDERS OF SALERNO.
Verification of learning
THE VERIFICATION OF HAVING ACHIEVED, BY THE STUDENTS, THE OBJECTIVES IS DONE BY INTERVIEW AND, IF NECESSARY, BY FORMAL DESCRIPTION OF PATTERNS OF LOGICAL ASPECTS OF THE MATTER. DISCUSSION OF THE PROJECT DEVELOPED DURING THE COURSE IS PLANNED.
Texts
LECTURE NOTES AND CASE STUDIES IN ECONOMIC EVALUATION OF PROJECTS.
G. DE MARE, A. NESTICÒ, R.M. CAPRINO (EDITED BY), LA VALUTAZIONE FINANZIARIA DI PROGETTI PER IL RILANCIO DEL TERRITORIO. APPLICAZIONI A CASI REALI, FRANCOANGELI, MILANO, 2012.
M. FLORIO, LA VALUTAZIONE DEGLI INVESTIMENTI PUBBLICI, IL MULINO, BOLOGNA, 1991.
G. BROSIO, ECONOMIA E FINANZA PUBBLICA, CAROCCI, 1993.
F. NUTI, ANALISI COSTI-BENEFICI, IL MULINO, BOLOGNA, 1988.
More Information
THE STUDY PRODUCED AT THE END OF THE PROJECT ACTIVITY CONTRIBUTES TO THE “PREMIO ANTONIO GENOVESI” SPONSORED BY THE UNIVERSITY OF SALERNO AND THE ASSOCIATION OF BUILDERS OF SALERNO.
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