|1. Course Title||Economic Assessment of Investments|
|3. Study program||EAOIE, EES, EEUM, KHIE, KSIAR, KTI, TKII|
|4. Organizer of the study program (unit, institute, department)||Faculty of Electrical Engineering and Information Technologies|
|5. Degree (first, second, third cycle)||First cycle|
|6. Academic year/semester||IV/8||7. Number of ECTS credits||3.00|
|8. Lecturer||Dr Petar Krstevski|
|9. Course Prerequisites|
10. Course Goals (acquired competencies): This course is designed to provide basic knowledge in the methods for economic assessment. The students will be trained to perform cost benefit and risk analysis of investments.
11. Course Syllabus: Introduction to financial analyses. Classification of costs. Time value of money. Cash flow. Liquidity. Shares. Risk factor of investments. Calculation of Weighted average cost of capital (WACC). Methods for economic assessment: Net present value method, Internal rate of return method, Minimal cost method, Equivalent annual value method, Period of return of investments. Financial and economic profitability of investments. Risk analysis in economic assessment. Evaluation of investment programs.
12. Learning methods: Lectures and recitations with presentations and simulations, teacher-student interaction, homework, projects.
|13. Total number of course hours||2 + 1 + 0 + 0|
|14. Distribution of course hours||180|
|15. Forms of teaching||15.1. Lectures-theoretical teaching||45|
|15.2. Exercises (laboratory, practice classes), seminars, teamwork||30|
|16. Other course activities||16.1. Projects, seminar papers||30|
|16.2. Individual tasks||30|
|16.3. Homework and self-learning||45|
|17. Grading||17.1. Exams||20|
|17.2. Seminar work/project (presentation: written and oral)||20|
|17.3. Activity and participation||10|
|17.4. Final exam||50|
|18. Grading criteria (points)||up to 50 points||5 (five) (F)|
|from 51 to 60 points||6 (six) (E)|
|from 61 to 70 points||7 (seven) (D)|
|from 71 to 80 points||8 (eight) (C)|
|from 81 to 90 points||9 (nine) (B)|
|from 91 to 100 points||10 (ten) (A)|
|19. Conditions for acquiring teacher’s signature and for taking final exam||Participation in lectures and recitations.|
|20. Forms of assessment||During the semester, there are two mid/end-term partial exams (120 min each). Besides these exams, any student must complete and submit the required homework/project assignments, according to the schedule published at the course web site. For the students that will not be successful at the partial exams there is additional opportunity to do final exam (180 min.).
The final mark is determined from the weighted average of scores from the exams and homework/project assignments.
During the exams, it is not allowed to use any literature in printed or electronic form. Calculators are allowed, but not mobile phones, tablets or similar electronic devices
|21. Language||Macedonian and English|
|22. Method of monitoring of teaching quality||Internal evaluation and questionnaires.|
|23.1. Required Literature|
|2||Daniel Kirschen, Goran Strbac||Fundamentals of Power System Economics||John Wiley & Sons||2004|
|23.2. Additional Literature|
|1||Paul A. Samuelson, William D. Nordhaus||Economics||McGraw-Hill / Mate||2011|
|2||Donald G. Newnan, Ted G. Eschenbach, Jerome P. Lavelle||Engineering Economic Analysis||Oxford University Press||2004|
Economic evaluation of projects in the Electricity Supply Industry
|Institution of Engineering and Technology, London, United Kingdom||2003|