Investment Evaluation – Agricultural Funding


COURSE OUTLINE

  1. GENERAL
SCHOOL AGRICULTURAL AND FORESTRY SCIENCES
DEPARTMENT AGRICULTURAL DEVELOPMENT
STUDY LEVEL Undergraduate
COURSE CODE ECO0010 SEMESTER 7th
COURSE TITLE Agricultural Finance – Investment evaluation
INDEPENDENT TEACHING ACTIVITIES

 

TEACHING HOURS PER WEEK ECTS
Lectures and laboratory course 5 5
COURSE TYPE Specialization
PREREQUISITE COURSE(S):
LANGUAGE (TEACHING AND EXAMS) Greek
THE COURSE IS OFFERED TO ERASMUS STUDENTS No (in English)
COURSE WEBSITE (URL) http://www.agro.duth.gr/undergraduate/program/ECO0010.shtml

 

  1. TEACHING OUTCOMES
Teaching outcomes
After completing the course students will be able to:

– understand the investment process and the economic objectives of the farm.

– analyse investment-related cash flows considering the effects of taxes, inflation and uncertainty.

– comprehend the determinants of optimal lifetime and replacement of real assets.

– understand the determinants of capital structure and proper capacity to analyse a situation when investment and financing decisions interact.

– comprehend the investment decision and the use of real options theory in the investment decision-making process.

General capabilities
§  Independent work

§  Literature search, data analysis and synthesis

§  Development of inductive reasoning

 

  1. COURSE CONTENT
1.     Concepts systems and methods of agricultural financing,

2.     Classification of investments, the value of time,

3.     Measures for evaluating investments including fiscal and inflationary concerns,

4.     Economic lifetime and replacement decision analysis,

5.     Evaluating investment decisions under uncertainty,

6.     Portfolio theory and expected utility,

7.     Capital Asset Pricing Model,

8.     Arbitrage Pricing Model, Capital Structure,

9.     User Cost of Capital,

10.  Evaluating the interactive investment and financing decision,

11.  Option Theory,

12.  The investment processes

13.  Methods and criteria of agricultural investment

 

  1. TEACHING AND LEARNING ASSESSMENT METHODS
DELIVERING METHOD In classroom
IT USE §  Power point, videos

§  e-class

 

TEACHING ORGANIZATION Activity Semester workload

 

Lectures 39
Laboratory courses 15
Written assignement 15
Independent study 56
Course total

(25-hour workload per credit unit)

 

125

STUDENT ASSESSMENT

 

Written exams at the end of the semester both on theoretical and practical courses.

 

 

  1. PROPOSED LITERATURE
·       Κ. Αραβώσης, “κατάρτιση και αξιολόγηση επενδυτικών σχεδίων και προγραμμάτων, Νομική Βιβλιοθήκη, Αθήνα, 2003.

·       Κ. Μέργος, “ Κοινωνικο-οικονομική αξιολόγηση επενδύσεων και πολιτικών”, Αθήνα, 2006