Investment Appraisal, photo: Gerd Altmann
Introduction. Ex Ante and Ex Post CBA. The basic steps of CBA. The basics of discounting. Net present value and internal rate of return. Mutually exclusive investment projects. Pareto efficiency. Kaldor-Hicks criterion. Social welfare functions. Changes in consumer and producer surplus. Market and government failures. Public goods. Valuing benefits and cost. Shadow prices. Conversion factors. Social discount rate. Risk and uncertainty. Sensitivity analysis. Expected utility. Income distribution. Non-market valuation of goods and services. Case studies-problem solving.
Lectures (3 hours per week)
Activity |
Semester workload |
Lectures, 3 hours per week |
13X3 = 39 hours |
Study at home |
111 hours |
Total number of hours for the Course (25 hours of work-load per ECTS credit) |
150 hours (total student work-load) |
The overall course grade is the sum of a) the final exam grade plus b) 20 percent of the optional written assignment grade.
The evaluation criteria are clearly defined and posted in the relevant web page of the course: https://eclass.upatras.gr/courses/ECON1381/
Use of IT in teaching, and in communicating with students (e-class).