Antonio NESTICO' | ECONOMIC EVALUATION OF PROJECTS
Antonio NESTICO' ECONOMIC EVALUATION OF PROJECTS
cod. 0622500004
ECONOMIC EVALUATION OF PROJECTS
| 0622500004 | |
| DIPARTIMENTO DI INGEGNERIA CIVILE | |
| EQF7 | |
| ENVIRONMENTAL AND TERRITORIAL ENGINEERING | |
| 2018/2019 |
| OBBLIGATORIO | |
| YEAR OF COURSE 1 | |
| YEAR OF DIDACTIC SYSTEM 2017 | |
| SECONDO SEMESTRE |
| SSD | CFU | HOURS | ACTIVITY | |
|---|---|---|---|---|
| ICAR/22 | 6 | 60 | LESSONS |
| 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. PREPARATORY EXAM: APPRAISAL. |
| Contents | |
|---|---|
| INTRODUCTORY CONCEPTS: AIMS OF THE ECONOMIC EVALUATION OF PROJECTS; RELATIONS WITH THE ENGINEERING PROFESSION (2 HOURS OF LESSON). PRINCIPLES OF ECONOMICS: ECONOMIC LAWS; FORMS OF MARKET. MACROECONOMICS: NATIONAL INCOME; INVESTMENT; INFLATION (4 HOURS OF LESSON). PRINCIPLES OF FINANCIAL MATHEMATICS AND COMPANY BUDGET (4 HOURS OF LESSON AND 2 HOURS OF EXERCISE). 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 (5 HOURS OF LESSON AND 2 HOURS OF EXERCISE). ECONOMIC EVALUATION AND FINANCIAL EVALUATION. EX ANTE, EX POST, IN ITINERE EVALUATION. RISK AND UNCERTAINTY. TECHNIQUES FOR THE EVALUATION OF PROJECTS. MULTI-CRITERIA ANALYSIS (8 HOURS OF LESSON AND 2 HOURS OF EXERCISE). 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 (22 HOURS OF LESSON AND 9 HOURS OF EXERCISE). |
| Teaching Methods | |
|---|---|
| THE COURSE INCLUDES FRONTAL LESSONS (45 HOURS) AND TUTORIALS (15 HOURS). 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 NATIONAL ASSOCIATION OF BUILDERS OF SALERNO. THE COURSE REQUIRES ATTENDANCE, FOR A MINIMUM OF 70% OF TEACHING HOURS. |
| Verification of learning | |
|---|---|
| THE VERIFICATION OF HAVING ACHIEVED, BY THE STUDENTS, THE OBJECTIVES IS DONE BY INTERVIEW AT THE END OF THE COURSE AND, IF NECESSARY, BY FORMAL DESCRIPTION OF PATTERNS OF LOGICAL ASPECTS OF THE MATTER. DISCUSSION OF THE PROJECT DEVELOPED DURING THE COURSE IS PLANNED. TO ASSIGN THE PRAISE, THE FOLLOWING WILL BE TAKEN INTO ACCOUNT: QUALITY OF EXPOSURE, IN TERMS OF USE OF APPROPRIATE SCIENTIFIC LANGUAGE; ABILITY TO CORRELATE THE DIFFERENT TOPICS OF THE COURSE AND, WHERE POSSIBLE, ALSO WITH OTHER DISCIPLINES; PROVEN AUTONOMY OF JUDGMENT. |
| Texts | |
|---|---|
| LECTURE NOTES AND CASE STUDIES. 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 NATIONAL ASSOCIATION OF BUILDERS OF SALERNO. |
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