Brief Course Description
1. Course Title:
(EN) Project Appraisal
2. Language of Instruction:
Tiếng Anh
3. Course Code:
ECO501191
4. Credits:
3
5. Course Objectives:
In this course, students will learn the relevant principles of project appraisal and the use of spreadsheets in investment project appraisal. The key concepts covered in this course are the identification of relevant cash flows and their forecasting, determination of the appropriate discount rate, application of project evaluation criteria, and incorporation of risk in project appraisal including sensitivity analysis and Monte Carlo Simulation techniques. Besides the financial aspect of an investment project, this course also provides students a fundamental understanding of economic analysis such as shadow prices, social discount rates and economic efficiency of large-scale private projects and public projects. This course will also help students improve various skills including information literacy, spreadsheet proficiency, presentation, writing, team working, and critical thinking. Furthermore, ethical and environmental issues always appear on case studies and practical examples, so students will have chance to learn to become socially responsible decision-makers.
6. Brief Description of Course Content:
This course provides students with the knowledge and skills to analyze various aspects of a project from multiple perspectives, enabling them to gain a comprehensive understanding of the plan or project they are undertaking. The course focuses on financial and economic appraisals, incorporating analyses of market, human resources, and technical factors. Specifically, students will be introduced to the principles and methods of constructing project life-cycle cash flow statements, estimating discount rates for each project, project evaluation criteria, and rules for selecting an optimal set of investment projects. Students will also analyze economic, social, and distributional aspects. Additionally, they will examine project risk and sensitivity to changes in environmental factors such as inflation and input resource variations. Practical exercises using Excel and Crystal Ball will reinforce the learned concepts. Upon completion, students will possess the foundational knowledge and software skills necessary for project analysis and appraisal.